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Company Registration No. 03432037 (England and Wales)
MOUNTHILL LIMITED Unaudited accounts for the year ended 30 September 2024
MOUNTHILL LIMITED Unaudited accounts Contents
Page
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MOUNTHILL LIMITED Company Information for the year ended 30 September 2024
Directors
Mr D Stern Mr B Stern Mrs R Levi
Company Number
03432037 (England and Wales)
Registered Office
C/O LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB ENGLAND
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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MOUNTHILL LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1 
Investment property
790,000 
790,000 
790,000 
790,001 
Current assets
Debtors
3,345 
5,397 
Cash at bank and in hand
29,688 
35,165 
33,033 
40,562 
Creditors: amounts falling due within one year
(12,704)
(47,380)
Net current assets/(liabilities)
20,329 
(6,818)
Total assets less current liabilities
810,329 
783,183 
Provisions for liabilities
Deferred tax
(89,069)
(89,069)
Net assets
721,260 
694,114 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
204,289 
204,289 
Profit and loss account
516,969 
489,823 
Shareholders' funds
721,260 
694,114 
For the year ending 30 September 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 18 June 2025 and were signed on its behalf by
Mr D Stern Director Company Registration No. 03432037
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MOUNTHILL LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
MOUNTHILL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03432037. The registered office is C/O LMK ACCOUNTING LTD THE GATEHOUSE, GATEHOUSE WAY, AYLESBURY, HP19 8DB, ENGLAND.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Revenue, described as turnover, represents rents receivable excluding Value Added Tax. Turnover is recognised in accordance with the due dates under the terms of the lease agreement.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% - on reducing balance
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 provided in full 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. Deferred tax assets and liabilities are not discounted.
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are recognised at amortised cost. Advanced financial instruments which include interest rate swaps and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
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MOUNTHILL LIMITED Notes to the Accounts for the year ended 30 September 2024
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2023
4,599 
At 30 September 2024
4,599 
Depreciation
At 1 October 2023
4,598 
Charge for the year
1 
At 30 September 2024
4,599 
Net book value
At 30 September 2024
- 
At 30 September 2023
1 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
790,000 
At 30 September 2024
790,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,345 
5,397 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,367 
36,905 
Other creditors
3,625 
4,750 
Loans from directors
672 
3,685 
Accruals
2,040 
2,040 
12,704 
47,380 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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