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Company Registration No. 10830193 (England and Wales)
Mammoth Investment Properties Limited Unaudited accounts for the year ended 30 June 2024
Mammoth Investment Properties Limited Unaudited accounts Contents
Page
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Mammoth Investment Properties Limited Company Information for the year ended 30 June 2024
Directors
Julian C Ronnie Lynda F Chadwick-Ronnie
Company Number
10830193 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ
Accountants
Raedan 7 Henrietta Street London WC2E 8PS
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Mammoth Investment Properties Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,454,261 
2,454,667 
Current assets
Debtors
1,860 
44,569 
Cash at bank and in hand
4,011 
4,846 
5,871 
49,415 
Creditors: amounts falling due within one year
(222,358)
(181,355)
Net current liabilities
(216,487)
(131,940)
Total assets less current liabilities
2,237,774 
2,322,727 
Creditors: amounts falling due after more than one year
(1,106,222)
(1,178,929)
Net assets
1,131,552 
1,143,798 
Capital and reserves
Called up share capital
100 
100 
Share premium
1,109,450 
1,109,450 
Profit and loss account
22,002 
34,248 
Shareholders' funds
1,131,552 
1,143,798 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by
Julian C Ronnie Director Company Registration No. 10830193
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Mammoth Investment Properties Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Mammoth Investment Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10830193. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets 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).
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents gross rental income received by the company in the year measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes if applicable.
Tangible fixed assets and depreciation
Tangible assets are included at cost or valuation less accumulated depreciation and impairment losses. Depreciation has been provided on tangible fixed assets at the following rates in order to write off the assets, less estimated residual value, over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
25% straight line method
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is recognised on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws except for revalued Land and Investment Property where the tax rate that applies to the sale of the asset is used. Deferred tax assets and liabilities are not discounted.
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Mammoth Investment Properties Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
2,454,000 
2,027 
2,456,027 
At 30 June 2024
2,454,000 
2,027 
2,456,027 
Depreciation
At 1 July 2023
- 
1,360 
1,360 
Charge for the year
- 
406 
406 
At 30 June 2024
- 
1,766 
1,766 
Net book value
At 30 June 2024
2,454,000 
261 
2,454,261 
At 30 June 2023
2,454,000 
667 
2,454,667 
The last valuation of Land and Buildings was carried out in January 2023. The valuer was an independent agent using the normal residential letting criteria methods to determine market value. The directors are of the opinion, from all the relevant information available to them, that the valuation shown in the accounts remains a fair and reasonable valuation for the purpose of these accounts.
Investment Property is included at fair and reasonable market value. Gains are recognised in the income statement and Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
637 
Accrued income and prepayments
1,860 
4,530 
Other debtors
- 
39,402 
1,860 
44,569 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
222 
Other creditors
49,524 
696 
Loans from directors
171,234 
178,837 
Accruals
1,600 
1,600 
222,358 
181,355 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,106,222 
1,178,929 
The Creditors falling due after more than one year relate to mortgages secured on each of the relevant Investment Properties.
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Mammoth Investment Properties Limited Notes to the Accounts for the year ended 30 June 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
Included within Other Debtors is an amount due from Mammoth Music Limited of £0 (2023 £39,402). Included within Other Creditors is an amount due to directors of £171,234 (2023 £178,837) and an amount due to Mammoth Music Limited of £48,287 (2023 £0).
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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