| REGISTERED NUMBER: |
| Mountain Training Publications Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| REGISTERED NUMBER: |
| Mountain Training Publications Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| Mountain Training Publications Limited (Registered number: 04995978) |
| Contents of the Financial Statements |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Mountain Training Publications Limited |
| Company Information |
| for the year ended 31 December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Irish Square |
| Upper Denbigh Road |
| St Asaph |
| Denbighshire |
| LL17 0RN |
| Mountain Training Publications Limited (Registered number: 04995978) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| Mountain Training Publications Limited (Registered number: 04995978) |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Mountain Training Publications Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Mountain Training Publications Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Mountain Training UK Inc. Limited, . |
| Changes in accounting policies - gift aid |
| For accounting periods beginning on or after 1st January 2019 a deed of covenant must be in place between the two entities in order for the gift aid payment to be accrued for as a liability within the financial statements. If no covenant is in place, the gift aid donation is only recognised once it has been received. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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 |
| Mountain Training Publications Limited (Registered number: 04995978) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary Shares | £1 | 2 | 2 |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2024 |
| Profit for the year |
| Donations | (13,909 | ) |
| At 31 December 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| As at 31st December 2024 there were covenants of £13,909 (2023: £17,652) owed to Mountain Training United Kingdom & Ireland Limited in relation to the profit for the year. The payment is due by 30th September 2025. |
| During the year Mountain Training United Kingdom & Ireland Limited invoiced the company £9,997 (2023: £8,709) for cleaning and other services. |
| As at 31st December 2024 £19,635 was owed to Mountain Training United Kingdom & Ireland Limited (2023: £1,653 was owed by Mountain Training United Kingdom & Ireland) and £330 (2023: £3,037) was owed to Mountain Training England. |
| 9. | ULTIMATE PARENT COMPANY |
| The immediate and ultimate parent company is Mountain Training United Kingdom & Ireland Ltd, a registered charity incorporated in England and Wales. Mountain Training United Kingdom & Ireland Ltd is limited by guarantee. Mountain Training United Kingdom & Ireland Ltd owns 100% of the issued share capital of the company, therefore ultimate control lies with the trustees. |