Registered number
08943853
MOUNT ABU CAPITAL LIMITED
Filleted Accounts
31 December 2022
MOUNT ABU CAPITAL LIMITED
Registered number: 08943853
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 950,470 1,180,960
Current assets
Debtors 4 5,000 5,000
Investments held as current assets 5 15,000 15,000
Cash at bank and in hand 10,143 977
30,143 20,977
Creditors: amounts falling due within one year 6 (15,000) (15,000)
Net current assets 15,143 5,977
Total assets less current liabilities 965,613 1,186,937
Creditors: amounts falling due after more than one year 7 (1,853,298) (1,785,286)
Provisions for liabilities - (39,031)
Net liabilities (887,685) (637,380)
Capital and reserves
Called up share capital 45,000 45,000
Profit and loss account (932,685) (682,380)
Shareholders' funds (887,685) (637,380)
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.
Rakesh Patel
Director
Approved by the board on 1 April 2025
MOUNT ABU CAPITAL LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings 20% on cost
Office Equipment 33.33% on cost
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Fixtures and fittings Office Equipment Total
£ £ £ £
Cost
At 1 January 2022 1,180,001 11,816 8,980 1,200,797
Surplus on revaluation (229,597) - - (229,597)
At 31 December 2022 950,404 11,816 8,980 971,200
Depreciation
At 1 January 2022 - 11,402 8,435 19,837
Charge for the year - 414 479 893
At 31 December 2022 - 11,816 8,914 20,730
Net book value
At 31 December 2022 950,404 - 66 950,470
At 31 December 2021 1,180,001 414 545 1,180,960
Freehold land and buildings: 2022 2021
£ £
Historical cost 950,404 950,404
Cumulative depreciation based on historical cost - -
950,404 950,404
The investment property included in Land and Buildings was revalued to £950,404 at 31 December 2022
4 Debtors 2022 2021
£ £
Other debtors 5,000 5,000
5 Investments held as current assets 2022 2021
£ £
Fair value
Unlisted investments 15,000 15,000
6 Creditors: amounts falling due within one year 2022 2021
£ £
Provision for unrealised gain in security 15,000 15,000
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank borrowings 979,033 966,864
Amounts owed to directors 694,717 662,973
Other creditors 179,548 155,449
1,853,298 1,785,286
8 Loans 2022 2021
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 951,582 936,864
Secured bank loans 951,582 936,864
This loan is secured with a charge over the investment property
9 Other information
MOUNT ABU CAPITAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor
85 Great Portland Street
London
W1W 7LT
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