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REGISTERED NUMBER: 15224566 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

20TH OCTOBER 2023 TO 30TH APRIL 2024

FOR

MOUNTJOY HOLDINGS LIMITED

MOUNTJOY HOLDINGS LIMITED (REGISTERED NUMBER: 15224566)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 20TH OCTOBER 2023 TO 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOUNTJOY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 20TH OCTOBER 2023 TO 30TH APRIL 2024







DIRECTORS: D J Carlin
S J Ingram
D O'Rourke





SECRETARY: Ms R O'Rourke





REGISTERED OFFICE: Fairfield House,
47-51 Kingston Crescent
Portsmouth
Hampshire
PO2 8AA





REGISTERED NUMBER: 15224566 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Audit Limited
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

MOUNTJOY HOLDINGS LIMITED (REGISTERED NUMBER: 15224566)

BALANCE SHEET
30TH APRIL 2024

Notes £    £   
FIXED ASSETS
Investments 4 5,160,576

CURRENT ASSETS
Debtors 5 10
Cash at bank 252
262
CREDITORS
Amounts falling due within one year 6 516,811
NET CURRENT LIABILITIES (516,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,644,027

CREDITORS
Amounts falling due after more than one
year

7

4,712,496
NET LIABILITIES (68,469 )

CAPITAL AND RESERVES
Called up share capital 9 10
Retained earnings 10 (68,479 )
SHAREHOLDERS' FUNDS (68,469 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2024 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.

MOUNTJOY HOLDINGS LIMITED (REGISTERED NUMBER: 15224566)

BALANCE SHEET - continued
30TH APRIL 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 Board of Directors and authorised for issue on 22nd January 2025 and were signed on its behalf by:





D J Carlin - Director


MOUNTJOY HOLDINGS LIMITED (REGISTERED NUMBER: 15224566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 20TH OCTOBER 2023 TO 30TH APRIL 2024


1. STATUTORY INFORMATION

Mountjoy Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 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 period 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 period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 5,160,576
At 30th April 2024 5,160,576
NET BOOK VALUE
At 30th April 2024 5,160,576

MOUNTJOY HOLDINGS LIMITED (REGISTERED NUMBER: 15224566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20TH OCTOBER 2023 TO 30TH APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 10

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 503,384
Directors' loan accounts 8,507
Accruals and deferred income 4,920
516,811

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Amounts owed to group undertakings 2,106,076
Other creditors 2,381,420
Directors' loan accounts 225,000
4,712,496

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other creditors 2,884,805

There are fixed and floating charges over the assets of Mountjoy Holdings Limited and its subsidiary Mountjoy Limited in respect of the other creditors balance.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
927 A Ordinary Shares 0.01 9

Allotted and issued:
Number: Class: Nominal
value: £   
74 Z Ordinary shares 0.01 1

The following shares were allotted at par during the period:

927 A Ordinary Shares shares of 0.01 each
74 Z Ordinary Shares shares of 0.01 each

MOUNTJOY HOLDINGS LIMITED (REGISTERED NUMBER: 15224566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20TH OCTOBER 2023 TO 30TH APRIL 2024


9. CALLED UP SHARE CAPITAL - continued

A Ordinary shares have one vote per share, full dividend and rights on winding up.

Z Ordinary shares have no voting rights, full dividend and rights on winding up.

10. RESERVES
Retained
earnings
£   

Deficit for the period (68,479 )
At 30th April 2024 (68,479 )

11. RELATED PARTY DISCLOSURES

As at 30th April 2024 three of the directors are owed £233,507, these balance accrue interest at a rate of 10%.

12. BUSINESS COMBINATION

On the 14th December 2023, Mountjoy Holdings Limited acquired 100% of the share capital of Mountjoy Limited for a total cash consideration of £5,134,900.

£3,145,000 of the cash consideration is deferred and repayable in installments with the final amount due to be paid by 31st October 2028, this balance is subject to interest.