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Registered number: 11872567









MOUNT PARK SUTHERLAND ROAD LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
MOUNT PARK SUTHERLAND ROAD LTD
REGISTERED NUMBER: 11872567

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
9,700,000
9,700,000

  
9,700,000
9,700,000

Current assets
  

Debtors: amounts falling due within one year
 5 
260,083
228,058

Cash at bank and in hand
 6 
1,480
6,758

  
261,563
234,816

Creditors: amounts falling due within one year
 7 
(76,232)
(79,584)

Net current assets
  
 
 
185,331
 
 
155,232

Total assets less current liabilities
  
9,885,331
9,855,232

Creditors: amounts falling due after more than one year
 8 
(5,819,083)
(5,798,714)

  

Net assets
  
4,066,248
4,056,518


Capital and reserves
  

Called up share capital 
 10 
38,726
38,726

Share premium account
  
3,832,862
3,832,862

Profit and loss account
  
194,660
184,930

  
4,066,248
4,056,518


Page 1

 
MOUNT PARK SUTHERLAND ROAD LTD
REGISTERED NUMBER: 11872567
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.

................................................
M Buhler
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MOUNT PARK SUTHERLAND ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Mount Park Sutherland Road Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, Herts WD17 1HP.
The company's principal activity is that of property investment.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MOUNT PARK SUTHERLAND ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
MOUNT PARK SUTHERLAND ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
9,700,000



At 30 April 2024
9,700,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.








5.


Debtors

2024
2023
£
£


Trade debtors
-
165

Other debtors
259,230
225,904

Prepayments and accrued income
853
1,989

260,083
228,058



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,480
6,758

1,480
6,758


Page 5

 
MOUNT PARK SUTHERLAND ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
2,600
15,540

Corporation tax
11,431
7,630

Other taxation and social security
3,640
-

Other creditors
45,511
40,534

Accruals and deferred income
3,050
5,880

76,232
79,584



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,819,083
5,798,714

5,819,083
5,798,714


Page 6

 
MOUNT PARK SUTHERLAND ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
5,809,919
5,779,547


5,809,919
5,779,547

Amounts falling due 2-5 years

Bank loans
9,164
19,167


9,164
19,167


5,829,083
5,808,714


Page 7

 
MOUNT PARK SUTHERLAND ROAD LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3,485,320 (2023 - 3,485,320) Ordinary A shares of £0.01 each
34,853
34,853
387,258 (2023 - 387,258) Ordinary B shares of £0.01 each
3,873
3,873

38,726

38,726


 
Page 8