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REGISTERED NUMBER: 09502084 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2024

FOR

MOUNT STREET INVESTMENTS LIMITED

MOUNT STREET INVESTMENTS LIMITED (REGISTERED NUMBER: 09502084)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOUNT STREET INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 27 FEBRUARY 2024







DIRECTORS: J O Meller
D R Meller





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 09502084 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

MOUNT STREET INVESTMENTS LIMITED (REGISTERED NUMBER: 09502084)

BALANCE SHEET
27 FEBRUARY 2024

27.2.24 27.2.23
Notes £    £   
FIXED ASSETS
Investments 4 90 90
Investment property 5 200,000 325,000
200,090 325,090

CURRENT ASSETS
Debtors 6 86,465 387,690
Cash at bank 2,392 3,851
88,857 391,541
CREDITORS
Amounts falling due within one year 7 (639,096 ) (415,780 )
NET CURRENT LIABILITIES (550,239 ) (24,239 )
TOTAL ASSETS LESS CURRENT LIABILITIES (350,149 ) 300,851

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings (350,159 ) 300,841
SHAREHOLDERS' FUNDS (350,149 ) 300,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

MOUNT STREET INVESTMENTS LIMITED (REGISTERED NUMBER: 09502084)

BALANCE SHEET - continued
27 FEBRUARY 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 25 February 2025 and were signed on its behalf by:





D R Meller - Director


MOUNT STREET INVESTMENTS LIMITED (REGISTERED NUMBER: 09502084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2024


1. STATUTORY INFORMATION

Mount Street Investments 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 FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on the going concern basis, as the directors have stated that they will continue to provide funds to the company to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is appropriate to the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents fees receivable for services provided and amounts receivable for rental income apportioned on a daily basis.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

MOUNT STREET INVESTMENTS LIMITED (REGISTERED NUMBER: 09502084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MOUNT STREET INVESTMENTS LIMITED (REGISTERED NUMBER: 09502084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2024


4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 28 February 2023
and 27 February 2024 90
NET BOOK VALUE
At 27 February 2024 90
At 27 February 2023 90


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 February 2023 325,000
Revaluations (125,000 )
At 27 February 2024 200,000
NET BOOK VALUE
At 27 February 2024 200,000
At 27 February 2023 325,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Trade debtors 60,000 -
Amounts owed by joint ventures 7,634 315,634
Other debtors 18,831 72,056
86,465 387,690

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 27.2.23
£    £   
Trade creditors 46,750 44,058
Amounts owed to joint ventures 283,047 283,047
Other creditors 309,299 88,675
639,096 415,780

MOUNT STREET INVESTMENTS LIMITED (REGISTERED NUMBER: 09502084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 27 FEBRUARY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.2.24 27.2.23
value: £    £   
10 Ordinary 1 10 10