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REGISTERED NUMBER: 07837176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MOUNTGREEN LIMITED

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MOUNTGREEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A M Freshwater
H Schneck





SECRETARY: H Schneck





REGISTERED OFFICE: 69 Watermint Quay
Craven Walk
Stamford Hill
London
N16 6DN





REGISTERED NUMBER: 07837176 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 151 178
Investment property 5 10,426,081 10,577,588
10,426,232 10,577,766

CURRENT ASSETS
Stocks 5,254,046 15,769,154
Debtors 6 38,819,571 22,359,237
Cash at bank 40,225 72,362
44,113,842 38,200,753
CREDITORS
Amounts falling due within one year 7 (1,119,271 ) (1,430,620 )
NET CURRENT ASSETS 42,994,571 36,770,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,420,803

47,347,899

CREDITORS
Amounts falling due after more than one
year

8

(46,203,106

)

(40,430,803

)
NET ASSETS 7,217,697 6,917,096

CAPITAL AND RESERVES
Called up share capital 9 130 130
Retained earnings 10 7,217,567 6,916,966
SHAREHOLDERS' FUNDS 7,217,697 6,917,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:





H Schneck - Director


MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Mountgreen 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 432
DEPRECIATION
At 1 December 2022 254
Charge for year 27
At 30 November 2023 281
NET BOOK VALUE
At 30 November 2023 151
At 30 November 2022 178

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 10,577,588
Additions 2,054,275
Disposals (2,205,782 )
At 30 November 2023 10,426,081
NET BOOK VALUE
At 30 November 2023 10,426,081
At 30 November 2022 10,577,588

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 183,964 12,341
Amounts owed by group undertakings 30,161,621 15,950,915
Other debtors 8,473,986 6,395,981
38,819,571 22,359,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 110,842 701,929
Taxation and social security 22,210 -
Other creditors 986,219 728,691
1,119,271 1,430,620

MOUNTGREEN LIMITED (REGISTERED NUMBER: 07837176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 2,246,731 1,866,759
Other creditors 43,956,375 38,564,044
46,203,106 40,430,803

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,342,978 1,342,978

Repayable by instalments
Bank loans more 5 yr by instal 903,753 523,781

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
130 Ordinary £1 130 130

10. RESERVES
Retained
earnings
£   

At 1 December 2022 6,916,966
Profit for the year 300,601
At 30 November 2023 7,217,567