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REGISTERED NUMBER: 14178246 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Mountford Investments Ltd

Mountford Investments Ltd (Registered number: 14178246)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mountford Investments Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G Mountford





SECRETARY: G Mountford





REGISTERED OFFICE: Flat 7
Millbrook
Woodford Road
London
E18 2EB





REGISTERED NUMBER: 14178246 (England and Wales)





ACCOUNTANTS: Richard Symonds FCA FCCA
Symonds & Co Chartered Accountants
Sunny Nook
Barhatch Road
Cranleigh
Surrey
GU6 7DJ

Mountford Investments Ltd (Registered number: 14178246)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 158,995 153,583

CURRENT ASSETS
Cash at bank 1,394 41,687

CREDITORS
Amounts falling due within one year 5 289,060 259,112
NET CURRENT LIABILITIES (287,666 ) (217,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(128,671

)

(63,842

)

CREDITORS
Amounts falling due after more than one
year

6

-

40,210
NET LIABILITIES (128,671 ) (104,052 )

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserves 7 5,412 -
Retained earnings (134,084 ) (104,053 )
(128,671 ) (104,052 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mountford Investments Ltd (Registered number: 14178246)

Balance Sheet - continued
30 June 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 director and authorised for issue on 11 February 2025 and were signed by:





G Mountford - Director


Mountford Investments Ltd (Registered number: 14178246)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mountford Investments Ltd 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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 year was NIL (2023 - NIL).

Mountford Investments Ltd (Registered number: 14178246)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 153,583
Revaluations 5,412
At 30 June 2024 158,995
NET BOOK VALUE
At 30 June 2024 158,995
At 30 June 2023 153,583

The fair value of the company's freehold investment properties were revalued on 30th June 2024. An independent valuer was not involved.
The director valued the freehold investment properties after taking advice from local estate agents and carrying out research into the local property market.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 92,070 49,048
Trade creditors 1 (1 )
Directors' loan accounts 196,439 209,515
Accrued expenses 550 550
289,060 259,112

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years - 2,847
Bank loans - 2-5 years - 37,363
- 40,210

7. RESERVES
Non-distributable
reserves
£   
Revaluation reserve 5,412

At 30 June 2024 5,412

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the director £196,439 (£209,515 2023). This amount has been included within creditors on the balance sheet.

9. ULTIMATE CONTROLLING PARTY

The controlling party is G Mountford.