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REGISTERED NUMBER: 11883691 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MOUNTAIN OF LIGHT PROPERTY MANAGEMENT
AND DEVELOPMENTS LTD

MOUNTAIN OF LIGHT PROPERTY MANAGEMENT
AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11883691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MOUNTAIN OF LIGHT PROPERTY MANAGEMENT
AND DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: F Zahoor





REGISTERED OFFICE: 127 Drake Street
Rochdale
Lancashire
OL16 1PZ





REGISTERED NUMBER: 11883691 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

MOUNTAIN OF LIGHT PROPERTY MANAGEMENT
AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11883691)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 388,444 388,444

CURRENT ASSETS
Debtors 1,128 779
Cash at bank 32,968 2,219
34,096 2,998
CREDITORS
Amounts falling due within one year 382,290 280,317
NET CURRENT LIABILITIES (348,194 ) (277,319 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,250

111,125

CREDITORS
Amounts falling due after more than one year 5 - 21,140
NET ASSETS 40,250 89,985

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,150 89,885
SHAREHOLDERS' FUNDS 40,250 89,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





F Zahoor - Director


MOUNTAIN OF LIGHT PROPERTY MANAGEMENT
AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11883691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mountain Of Light Property Management and Developments Ltd 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2023 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 388,444
NET BOOK VALUE
At 31 March 2024 388,444
At 31 March 2023 388,444

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 596

MOUNTAIN OF LIGHT PROPERTY MANAGEMENT
AND DEVELOPMENTS LTD (REGISTERED NUMBER: 11883691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 60,000 64,739

Amounts falling due between one and two years:
Bank loans - 1-2 years - 4,893

Amounts falling due between two and five years:
Bank loans - 2-5 years - 15,651

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 596

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 60,000 85,879

Loans are secured on the investment properties to which they relate.