REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 29 MARCH 2024 |
FOR |
MOUNTGOLD RENTALS LLP |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 29 MARCH 2024 |
FOR |
MOUNTGOLD RENTALS LLP |
MOUNTGOLD RENTALS LLP (REGISTERED NUMBER: OC404555) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 April 2023 to 29 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MOUNTGOLD RENTALS LLP |
GENERAL INFORMATION |
for the Period 1 April 2023 to 29 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4 Grovelands |
Boundary Way |
Hemel Hempstead |
Hertfordshire |
HP2 7TE |
MOUNTGOLD RENTALS LLP (REGISTERED NUMBER: OC404555) |
BALANCE SHEET |
29 March 2024 |
29.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
2,424,746 |
1,815,048 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
2,424,746 |
1,815,048 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 2,424,746 | 1,815,048 |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
MOUNTGOLD RENTALS LLP (REGISTERED NUMBER: OC404555) |
BALANCE SHEET - continued |
29 March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
MOUNTGOLD RENTALS LLP (REGISTERED NUMBER: OC404555) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 April 2023 to 29 March 2024 |
1. | STATUTORY INFORMATION |
Mountgold Rentals LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
Additions |
Disposals |
At 29 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for period |
Eliminated on disposal |
At 29 March 2024 |
NET BOOK VALUE |
At 29 March 2024 |
At 31 March 2023 |
MOUNTGOLD RENTALS LLP (REGISTERED NUMBER: OC404555) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2023 to 29 March 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
Additions |
At 29 March 2024 |
NET BOOK VALUE |
At 29 March 2024 |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Amounts owed by participating interests | 5,484 | 588 |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.3.24 | 31.3.23 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Amounts owed to participating interests | 251,440 | 271,689 |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.3.24 | 31.3.23 |
£ | £ |
Bank loans |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
MOUNTGOLD RENTALS LLP (REGISTERED NUMBER: OC404555) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2023 to 29 March 2024 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
29.3.24 | 31.3.23 |
£ | £ |
Bank Loans | 3,163,644 | 1,197,754 |
Bank loans are secured are secured by way of a fixed charge on the properties to which they relate. |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
29.3.24 | 31.3.23 |
£ | £ |
Amounts owed to members in respect of profits | 2,424,746 | 1,815,048 |
Falling due within one year | 2,424,746 | 1,815,048 |
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. |