Mountview Private Finance Ltd 11402597 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of the provision of consultancy services in respect of renewable energy projects. Digita Accounts Production Advanced 6.30.9574.0 true true 11402597 2022-07-01 2023-06-30 11402597 2023-06-30 11402597 core:CurrentFinancialInstruments 2023-06-30 11402597 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11402597 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11402597 bus:SmallEntities 2022-07-01 2023-06-30 11402597 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11402597 bus:FilletedAccounts 2022-07-01 2023-06-30 11402597 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11402597 bus:RegisteredOffice 2022-07-01 2023-06-30 11402597 bus:Director1 2022-07-01 2023-06-30 11402597 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11402597 countries:EnglandWales 2022-07-01 2023-06-30 11402597 2021-07-01 2022-06-30 11402597 2022-06-30 11402597 core:CurrentFinancialInstruments 2022-06-30 11402597 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11402597 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 11402597 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 11402597

Mountview Private Finance Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Mountview Private Finance Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Mountview Private Finance Ltd

Company Information

Director

G O Rankin

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Mountview Private Finance Ltd

Statement of Financial Position as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

54,520

84,751

Cash at bank and in hand

 

6

283

 

54,526

85,034

Creditors: Amounts falling due within one year

5

(53,725)

(68,361)

Total assets less current liabilities

 

801

16,673

Creditors: Amounts falling due after more than one year

5

(196,016)

(172,464)

Net liabilities

 

(195,215)

(155,791)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(195,216)

(155,792)

Shareholders' deficit

 

(195,215)

(155,791)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 9 October 2024
 

.........................................

G O Rankin

Director

Company registration number: 11402597

 

Mountview Private Finance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of consultancy services in respect of renewable energy projects.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net liabilities at 30 June 2023 amounting to £195,215 but net current assets of £801. Included within the loan notes shown as due after more than one year is amount of £141,016 not due for repayment until June 2025 and June 2026 by which point the director hopes that the company will be trading profitably and generating adequate working capital.

The company has few fixed overheads and limited working capital requirements.

Accordingly, on the basis of the above, the director believes the company has sufficient resources to remain in operational existence for the foreseeable future and continues to adopt the going concern basis in preparing the financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mountview Private Finance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

4

Debtors

2023
£

2022
£

Other debtors

54,520

84,751

54,520

84,751

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Loan notes

19,000

22,401

Trade creditors

-

40,560

Accruals and deferred income

11,550

5,400

Other creditors

23,175

-

53,725

68,361

Creditors: amounts falling due after more than one year

2023
£

2022
£

Loan notes

196,016

172,464

The loan notes are secured by a fixed and floating charge over the assets and undertakings of the company.

 

Mountview Private Finance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Transactions with directors

At 30 June 2023 an amount of £54,331 (2022: £58,311) was due from the director. During the year there were repayments of £5,100. Interest of £1,120 (2022: £930) is payable to the company at 2.00 and 2.25% p.a. and there are no agreed terms.