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Registration number: 14634168

Mount Vets Holdings Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Mount Vets Holdings Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Mount Vets Holdings Limited

(Registration number: 14634168)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

5,250,791

5,250,791

Current assets

 

Debtors

16,969

-

Cash at bank and in hand

 

8,938

49,959

 

25,907

49,959

Creditors: Amounts falling due within one year

(757,787)

(537,226)

Net current liabilities

 

(731,880)

(487,267)

Net assets

 

4,518,911

4,763,524

Capital and reserves

 

Called up share capital

720

720

Share premium reserve

4,499,958

4,499,958

Profit and loss account

18,233

262,846

Total equity

 

4,518,911

4,763,524

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

Mr E J Chant

Director

 

Mount Vets Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Taunton Road
Wellington
Somerset
TA21 9FG

These financial statements were authorised for issue by the Board on 23 January 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's liabilities at 30 Septmeber 2024, £406,000 is owed to a former shareholder. They have agreed not to demand imediate repayment of this amount, to the extent that any such repayment would jeopardise the future of the company

The directors have considered a period of 12 months from the date of approval of the financial statements and consider it appropriate to prepare the financial statements on the going concern basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Mount Vets Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

5,250,791

5,250,791

At 30 September 2024

5,250,791

5,250,791

Carrying amount

At 30 September 2024

5,250,791

5,250,791

5

Non adjusting events after the financial period

Since the year end, the company has undertaken a share for share exchange with Wellesley Holdings (Wellington) Ltd.