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Company Registration No. 09420379 (England and Wales)
Mountco Investments (wakefield) Limited Unaudited accounts for the year ended 31 January 2024
Mountco Investments (wakefield) Limited Unaudited accounts Contents
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Mountco Investments (wakefield) Limited Company Information for the year ended 31 January 2024
Directors
David Boulton Lynne Warren
Company Number
09420379 (England and Wales)
Registered Office
Ripley House, Ripley Drive Normanton Wakefield WF6 1QT United Kingdom
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Mountco Investments (wakefield) Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4,320,000 
4,500,000 
Current assets
Debtors
96,675 
114,658 
Cash at bank and in hand
20,184 
17,074 
116,859 
131,732 
Creditors: amounts falling due within one year
(483,715)
(589,805)
Net current liabilities
(366,856)
(458,073)
Total assets less current liabilities
3,953,144 
4,041,927 
Creditors: amounts falling due after more than one year
(1,445,798)
(1,435,798)
Provisions for liabilities
Deferred tax
(467,500)
(465,950)
Net assets
2,039,846 
2,140,179 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
1,402,500 
1,584,050 
Profit and loss account
637,345 
556,128 
Shareholders' funds
2,039,846 
2,140,179 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
David Boulton Director Company Registration No. 09420379
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Mountco Investments (wakefield) Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Mountco Investments (wakefield) Limited is a private company, limited by shares, registered in England and Wales, registration number 09420379. The registered office is Ripley House, Ripley Drive, Normanton, Wakefield, WF6 1QT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
4,500,000 
Net loss from fair value adjustments
(180,000)
At 31 January 2024
4,320,000 
Fair value at 31 January 2024 is represented by: Valuation in 2016 £2,450,000 Valuation in 2018 £350,000 Valuation in 2020 £700,000 Valuation in 2022 £1,000,000 Valuation in 2024 (£180,000) Total £4,320,000
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
96,675 
114,658 
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Mountco Investments (wakefield) Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,934 
7,271 
Taxes and social security
23,293 
21,856 
Other creditors
24,158 
21,694 
Loans from directors
401,194 
515,194 
Accruals
32,136 
23,790 
483,715 
589,805 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,278,833 
1,278,833 
Amounts owed to group undertakings and other participating interests
166,965 
156,965 
1,445,798 
1,435,798 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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