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Registered number: 02976109
Mountain Ash Investments Limited
Financial Statements
For The Year Ended 31 July 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02976109
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 613 892
Tangible Assets 5 285,178 295,550
Investment Properties 6 3,247,956 3,247,956
Investments 7 30,197 26,998
3,563,944 3,571,396
CURRENT ASSETS
Debtors 8 1,419,748 1,367,346
Cash at bank and in hand 1,174,676 97,275
2,594,424 1,464,621
Creditors: Amounts Falling Due Within One Year 9 (2,240,781 ) (2,355,005 )
NET CURRENT ASSETS (LIABILITIES) 353,643 (890,384 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,917,587 2,681,012
Creditors: Amounts Falling Due After More Than One Year 10 (2,056,126 ) (983,417 )
NET ASSETS 1,861,461 1,697,595
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,861,361 1,697,495
SHAREHOLDERS' FUNDS 1,861,461 1,697,595
Page 1
Page 2
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J T Walkinshaw
Director
23rd June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mountain Ash Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02976109 . The registered office is Southport Business Park, Wight Moss Way, Southport, Merseyside, PR8 4ZZ. 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are held at cost and amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% Straight line basis
Plant & Machinery 25% Reducing balance basis
Fixtures & Fittings 25% Reducing balance basis
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Page 3
Page 4
2.6. Taxation
The tax expense for the period comprises current and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 3,980
As at 31 July 2024 3,980
Amortisation
As at 1 August 2023 3,088
Provided during the period 279
As at 31 July 2024 3,367
Net Book Value
As at 31 July 2024 613
As at 1 August 2023 892
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 August 2023 497,183 109,932 57,912 665,027
As at 31 July 2024 497,183 109,932 57,912 665,027
Depreciation
As at 1 August 2023 203,345 108,923 57,209 369,477
Provided during the period 9,944 252 176 10,372
As at 31 July 2024 213,289 109,175 57,385 379,849
Net Book Value
As at 31 July 2024 283,894 757 527 285,178
As at 1 August 2023 293,838 1,009 703 295,550
6. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 3,247,956
7. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 August 2023 12,500 14,498 26,998
Fair value adjustments - 3,199 3,199
As at 31 July 2024 12,500 17,697 30,197
Provision
As at 1 August 2023 - - -
As at 31 July 2024 - - -
Net Book Value
As at 31 July 2024 12,500 17,697 30,197
As at 1 August 2023 12,500 14,498 26,998
Page 5
Page 6
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 34,800
Amounts owed by group undertakings 1,271,020 1,222,374
Other debtors 148,728 110,172
1,419,748 1,367,346
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,160 7,286
Bank loans and overdrafts 107,595 76,435
Other creditors 2,034,087 2,159,548
Taxation and social security 93,939 111,736
2,240,781 2,355,005
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,056,126 983,417
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 1,517,238 685,266
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6