Mountwest 594 Limited
Registered number: SC283158
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 971,347 975,513
Current assets
Debtors 4 1,180 1,180
Cash at bank and in hand 3,164 3,722
4,344 4,902
Creditors: amounts falling due within one year 5 (5,117) (3,952)
Net current (liabilities)/assets (773) 950
Total assets less current liabilities 970,574 976,463
Creditors: amounts falling due after more than one year 6 (818,836) (815,906)
Net assets 151,738 160,557
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 7 87,808 87,808
Profit and loss account 62,930 71,749
Shareholders' funds 151,738 160,557
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.
Angela Margaret Clark
Director
Approved by the board on 15 May 2025
Mountwest 594 Limited
Notes to the Accounts
for the year ended 31 August 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 959,347 126,422 1,085,769
At 31 August 2024 959,347 126,422 1,085,769
Depreciation
At 1 September 2023 - 110,256 110,256
Charge for the year - 4,166 4,166
At 31 August 2024 - 114,422 114,422
Net book value
At 31 August 2024 959,347 12,000 971,347
At 31 August 2023 959,347 16,166 975,513
4 Debtors 2024 2023
£ £
Other debtors 1,180 1,180
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 5,117 3,952
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 475,511 484,883
Directors Loan 141,982 133,344
MC Loan 104,973 104,973
HC Loan 96,370 92,706
818,836 815,906
7 Revaluation reserve 2024 2023
£ £
At 1 September 2023 87,808 87,808
At 31 August 2024 87,808 87,808
8 Other information
Mountwest 594 Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
James & George Collie
1 East Craibstone Street
Aberdeen
AB11 6YQ
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