REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
20TH OCTOBER 2023 TO 30TH APRIL 2024 |
FOR |
MOUNTJOY HOLDINGS LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
25 St Thomas Street |
Winchester |
Hampshire |
SO23 9HJ |
MOUNTJOY HOLDINGS LIMITED (REGISTERED NUMBER: 15224566) |
BALANCE SHEET |
30TH APRIL 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
At 30th April 2024 |
NET BOOK VALUE |
At 30th April 2024 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
Directors' loan accounts | 8,507 |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Amounts owed to group undertakings |
Other creditors |
Directors' loan accounts | 225,000 |
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: | £ |
A Ordinary Shares | 0.01 | 9 |
Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
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 | ( |
) |
At 30th April 2024 | ( |
) |
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. |