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REGISTERED NUMBER: 01791550 (England and Wales)











Financial Statements

for the period

30th March 2023 to 28th March 2024

for

THE MOUNT PROPERTY COMPANY LIMITED

THE MOUNT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01791550)






Contents of the Financial Statements
for the period 30th March 2023 to 28th March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MOUNT PROPERTY COMPANY LIMITED

Company Information
for the period 30th March 2023 to 28th March 2024







DIRECTORS: Miss D M Clark
Miss P Clark





SECRETARY: Miss D M Clark





REGISTERED OFFICE: Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ





REGISTERED NUMBER: 01791550 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

THE MOUNT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01791550)

Balance Sheet
28th March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 395,000 395,000

CURRENT ASSETS
Cash at bank 135,048 125,708

CREDITORS
Amounts falling due within one year 5 115,496 112,490
NET CURRENT ASSETS 19,552 13,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,552

408,218

PROVISIONS FOR LIABILITIES 94,260 94,260
NET ASSETS 320,292 313,958

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 6 282,778 282,778
Retained earnings 6 37,512 31,178
320,292 313,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th March 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 MOUNT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01791550)

Balance Sheet - continued
28th March 2024


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 1st April 2025 and were signed on its behalf by:




Miss P Clark - Director



Miss D M Clark - Director


THE MOUNT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01791550)

Notes to the Financial Statements
for the period 30th March 2023 to 28th March 2024

1. STATUTORY INFORMATION

The Mount Property Company Limited 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.

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 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is represented by income from the rental of the investment properties.

Tangible fixed assets
Fixed assets are represented by freehold land and properties which are held for investment purposes.
The properties have been revalued at the market value as at the year end, and are not subject to depreciation.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 1 ) .

THE MOUNT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 01791550)

Notes to the Financial Statements - continued
for the period 30th March 2023 to 28th March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 30th March 2023
and 28th March 2024 395,000
NET BOOK VALUE
At 28th March 2024 395,000
At 29th March 2023 395,000

Cost or valuation at 28th March 2024 is represented by:

Land and
buildings
£   
2023
Cost 17,962
395,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed to associates 97,922 95,403
Tax 4,841 2,734
Other creditors 6,913 11,053
Accrued expenses 5,820 3,300
115,496 112,490

6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 30th March 2023 31,178 282,778 313,956
Profit for the period 6,334 6,334
At 28th March 2024 37,512 282,778 320,290

7. RELATED PARTY DISCLOSURES

The controlling shareholders are the executors to the estate of the late Mr Clark.

At the balance sheet date the company owed £97,922 to Reynolds (Wimbledon) Limited, a company owned
by the same shareholders.