Number
11585960
THE MOUNT SELF-CATERING LTD
Filleted Accounts
30 September 2024
THE MOUNT SELF-CATERING LTD
Registered number: 11585960
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 25,868
- 25,868
Current assets
Debtors 4 12 12
Cash at bank and in hand 1,167 4,949
1,179 4,961
Creditors: amounts falling due within one year 5 (3,022) (21,448)
Net current liabilities (1,843) (16,487)
Total assets less current liabilities (1,843) 9,381
Provisions for liabilities - (4,915)
Net (liabilities)/assets (1,843) 4,466
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (2,843) 3,466
Shareholders' funds (1,843) 4,466
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Clive Penkett
Director
Approved by the board on 14 March 2025
THE MOUNT SELF-CATERING LTD
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and computers over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Fixtures and computers Total
£ £
Cost
At 1 October 2023 36,590 36,590
Additions 10,292 10,292
Disposals (46,882) (46,882)
At 30 September 2024 - -
Depreciation
At 1 October 2023 10,722 10,722
Charge for the year 10,454 10,454
On disposals (21,176) (21,176)
At 30 September 2024 - -
Net book value
At 30 September 2024 - -
At 30 September 2023 25,868 25,868
4 Debtors 2024 2023
£ £
Prepayments 12 12
12 12
5 Creditors: amounts falling due within one year 2024 2023
£ £
Payments received on account - 400
Corporation tax - 6
Mr. Clive Penkett 2,006 13,283
Ms. Caroline Howarth 1,007 7,750
Accruals 9 9
3,022 21,448
6 Ultimate controlling party and related party transactions
The company was under the control of Mr. Clive Penkett and Ms. Caroline Howarth throughout the current period.
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 except for those disclosed below.
2024 2023
£ £
Equity dividends paid to Mr. Clive Penkett - 2,000
Equity dividends paid to Ms. Caroline Howarth - 2,000
Balance owing (to) / from Mr. Clive Penkett (2,006) (13,283)
Balance owing (to) / from Ms. Caroline Howarth (1,007) (7,750)
Interest at 2.25% per annum is charged on balances over £10,000 owed to the company.
7 Other information
THE MOUNT SELF-CATERING LTD is a private company limited by shares and incorporated in England. Its registered office is:
The Mount
Portinscale
Keswick
Cumbria
CA12 5RD
THE MOUNT SELF-CATERING LTD 11585960 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 Mr. Clive Penkett No description of principal activity 11585960 2022-10-01 2023-09-30 11585960 core:WithinOneYear 2023-09-30 11585960 core:ShareCapital 2023-09-30 11585960 core:RetainedEarningsAccumulatedLosses 2023-09-30 11585960 2023-10-01 2024-09-30 11585960 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11585960 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11585960 bus:Director40 2023-10-01 2024-09-30 11585960 1 2023-10-01 2024-09-30 11585960 2 2023-10-01 2024-09-30 11585960 core:PlantMachinery 2023-10-01 2024-09-30 11585960 countries:England 2023-10-01 2024-09-30 11585960 bus:FRS102 2023-10-01 2024-09-30 11585960 bus:FilletedAccounts 2023-10-01 2024-09-30 11585960 2024-09-30 11585960 core:WithinOneYear 2024-09-30 11585960 core:ShareCapital 2024-09-30 11585960 core:RetainedEarningsAccumulatedLosses 2024-09-30 11585960 core:PlantMachinery 2024-09-30 11585960 2023-09-30 11585960 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure