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REGISTERED NUMBER: 14981183 (England and Wales)









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: N D M Shingadia
A N Shingadia





REGISTERED OFFICE: 6 Chasewood Park
Harrow On The Hill
Middlesex
HA1 3YP





REGISTERED NUMBER: 14981183 (England and Wales)





ACCOUNTANTS: Parker Cavendish
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 1,541,019

CURRENT ASSETS
Debtors 5 14,649
Cash at bank 18,944
33,593
CREDITORS
Amounts falling due within one year 6 (954,755 )
NET CURRENT LIABILITIES (921,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,857

CREDITORS
Amounts falling due after more than one
year

7

(653,924

)
NET LIABILITIES (34,067 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (34,069 )
(34,067 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2025 and were signed on its behalf by:





N D M Shingadia - Director


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 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.

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 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,541,019
At 31 July 2024 1,541,019
NET BOOK VALUE
At 31 July 2024 1,541,019

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 14,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 311
Other creditors 954,444
954,755

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 653,924

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 653,924

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 653,924

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.