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REGISTERED NUMBER: 09740930 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 August 2024

for

Mount Athos Limited

Mount Athos Limited (Registered number: 09740930)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Mount Athos Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr O Treneman
Mrs Z Yang





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 09740930 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Mount Athos Limited (Registered number: 09740930)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,200,000 1,200,000

CURRENT ASSETS
Debtors 5 5,074 5,045
Cash at bank 52,001 59,952
57,075 64,997
CREDITORS
Amounts falling due within one year 6 1,041,523 1,090,497
NET CURRENT LIABILITIES (984,448 ) (1,025,500 )
TOTAL ASSETS LESS CURRENT LIABILITIES 215,552 174,500

PROVISIONS FOR LIABILITIES 8,922 17,351
NET ASSETS 206,630 157,149

CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair value reserve 8 82,399 73,970
Retained earnings 8 124,229 83,177
SHAREHOLDERS' FUNDS 206,630 157,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





Mr O Treneman - Director


Mount Athos Limited (Registered number: 09740930)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Mount Athos 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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 year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,200,000
NET BOOK VALUE
At 31 August 2024 1,200,000
At 31 August 2023 1,200,000

Mount Athos Limited (Registered number: 09740930)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2018 36,899
Valuation in 2021 59,421
Valuation in 2022 (5,000 )
Cost 1,108,680
1,200,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 1,108,680 1,108,680

The investment property was valued on an open market basis on 31 August 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 4,460 4,460
Prepayments 614 585
5,074 5,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 9,970 6,571
Other creditors 276 1,380
Directors' current accounts 1,024,687 1,074,496
Deferred income 5,000 5,000
Accrued expenses 1,590 3,050
1,041,523 1,090,497

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B £1 1 1
2 2

Mount Athos Limited (Registered number: 09740930)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 83,177 73,970 157,147
Profit for the year 41,052 41,052
Assets revalued in period - 8,429 8,429
At 31 August 2024 124,229 82,399 206,628

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mount Athos Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mount Athos Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mount Athos Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mount Athos Limited and state those matters that we have agreed to state to the Board of Directors of Mount Athos Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mount Athos Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mount Athos Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mount Athos Limited. You consider that Mount Athos Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mount Athos Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


29 May 2025