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MOUNTAGUE PROPERTIES LIMITED

Registered Number
13605195
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

MOUNTAGUE PROPERTIES LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Maria Fernandez
Jonathan Mountague

Registered Address

Unit 3,Upp Hall Farm Salmons Lane
Coggeshall
Colchester
CO6 1RY

Registered Number

13605195 (England and Wales)
MOUNTAGUE PROPERTIES LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3455,990247,541
455,990247,541
Current assets
Cash at bank and on hand2,5044,666
2,5044,666
Creditors amounts falling due within one year4(205,859)(96,412)
Net current assets (liabilities)(203,355)(91,746)
Total assets less current liabilities252,635155,795
Creditors amounts falling due after one year5(277,945)(166,445)
Provisions for liabilities(812)(812)
Net assets(26,122)(11,462)
Capital and reserves
Called up share capital11
Profit and loss account(26,123)(11,463)
Shareholders' funds(26,122)(11,462)
The financial statements were approved and authorised for issue by the Board of Directors on 12 June 2025, and are signed on its behalf by:
Maria Fernandez
Director
Registered Company No. 13605195
MOUNTAGUE PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the rental of property 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Straight line (years)
Fixtures and fittings5
Office Equipment3
Investments
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 23249,237
Additions209,340
At 30 September 24458,577
Depreciation and impairment
At 01 October 231,696
Charge for year891
At 30 September 242,586
Net book value
At 30 September 24455,990
At 30 September 23247,541
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables154-
Bank borrowings and overdrafts14,5035,330
Other creditors190,80291,010
Accrued liabilities and deferred income40072
Total205,85996,412
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts277,945166,445
Total277,945166,445
6.Share capital
The company has issued share capital of 1 ordinary share of £1. There has been no change to the share capital in this year.