REGISTERED NUMBER: |
Financial Statements |
for the Period |
5 July 2023 to 31 July 2024 |
for |
Mount View Property Investments Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Period |
5 July 2023 to 31 July 2024 |
for |
Mount View Property Investments Ltd |
Mount View Property Investments Ltd (Registered number: 14981183) |
Contents of the Financial Statements |
for the Period 5 July 2023 to 31 July 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Mount View Property Investments Ltd |
Company Information |
for the Period 5 July 2023 to 31 July 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
Mount View Property Investments Ltd (Registered number: 14981183) |
Statement of Financial Position |
31 July 2024 |
Notes | £ |
FIXED ASSETS |
Investment property | 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 |
Retained earnings | ( |
) |
( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Mount View Property Investments Ltd (Registered number: 14981183) |
Notes to the Financial Statements |
for the Period 5 July 2023 to 31 July 2024 |
1. | STATUTORY INFORMATION |
Mount View Property Investments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
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 2026. The financial statements have been prepared under the historic cost convention, modified to include investment property at fair value. |
Turnover |
Turnover represents rent receivable. Income is recognised over the period of the tenancy agreement. |
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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Reporting period |
These financial statements have been prepared for a period of greater than 12 months by virtue of being the first set of accounts. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
Mount View Property Investments Ltd (Registered number: 14981183) |
Notes to the Financial Statements - continued |
for the Period 5 July 2023 to 31 July 2024 |
4. | INVESTMENT PROPERTY - continued |
Investment property was valued on an open market basis on 31 July 2024 by the directors. If investment property had been shown at historical cost, it would also have been included at £1,541,019. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Other loans |
The mortgage has been provided over a 17 year term on an interest only basis. Interest is payable monthly and has been fixed at a rate of 5.99% for a 5 year term. Thereafter, interest will be at the variable rate of 3% above the Bank of England base rate. The mortgage is secured against the investment property. |
9. | RELATED PARTY DISCLOSURES |
Included within other creditors at the period end is an aggregate amount of £935,250 due to the directors. This amount has been provided unsecured, interest free and is repayable on demand. |