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REGISTERED NUMBER: 03397090 (England and Wales)















Financial Statements for the Year Ended 29 July 2024

for

MOUNTGOOD LIMITED

MOUNTGOOD LIMITED (Registered number: 03397090)






Contents of the Financial Statements
for the Year Ended 29 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOUNTGOOD LIMITED

Company Information
for the Year Ended 29 July 2024







DIRECTOR: R MOHINDER SINGH





SECRETARY: R MOHINDER SINGH





REGISTERED OFFICE: 26 LANCASTER COURT
BANSTEAD
Surrey
SM7 1RR





REGISTERED NUMBER: 03397090 (England and Wales)





ACCOUNTANTS: A.B.K ACCOUNTANCY SERVICES
59 ASHEN GROVE
WIMBLEDON PARK
London
SW19 8BL

MOUNTGOOD LIMITED (Registered number: 03397090)

Balance Sheet
29 July 2024

29.7.24 29.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,788,918 1,788,918
1,788,918 1,788,918

CURRENT ASSETS
Debtors 6 100 100
Cash in hand 316 311
416 411
CREDITORS
Amounts falling due within one year 7 250,047 268,985
NET CURRENT LIABILITIES (249,631 ) (268,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,539,287

1,520,344

CREDITORS
Amounts falling due after more than one
year

8

1,111,686

1,100,660
NET ASSETS 427,601 419,684

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 427,501 419,584
SHAREHOLDERS' FUNDS 427,601 419,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MOUNTGOOD LIMITED (Registered number: 03397090)

Balance Sheet - continued
29 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2025 and were signed by:





R MOHINDER SINGH - Director


MOUNTGOOD LIMITED (Registered number: 03397090)

Notes to the Financial Statements
for the Year Ended 29 July 2024

1. STATUTORY INFORMATION

MOUNTGOOD LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 30 July 2023
and 29 July 2024 2,953 4,442 7,395
DEPRECIATION
At 30 July 2023
and 29 July 2024 2,953 4,442 7,395
NET BOOK VALUE
At 29 July 2024 - - -
At 29 July 2023 - - -

MOUNTGOOD LIMITED (Registered number: 03397090)

Notes to the Financial Statements - continued
for the Year Ended 29 July 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 July 2023
and 29 July 2024 1,788,918
NET BOOK VALUE
At 29 July 2024 1,788,918
At 29 July 2023 1,788,918

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.24 29.7.23
£    £   
Other debtors 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.24 29.7.23
£    £   
Bank loans and overdrafts 2,702 2,228
Tax 507 -
Directors' current accounts 244,790 264,814
Accruals 2,048 1,943
250,047 268,985

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.7.24 29.7.23
£    £   
Bank loans - 1-2 years 1,111,686 1,100,660