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Registered number: 10012171
















MOUNT KELLY OVERSEAS LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

































MOUNT KELLY OVERSEAS LIMITED
REGISTERED NUMBER:10012171

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

  

  

Creditors: amounts falling due within one year
 3 
(94,335)
(94,335)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
 
 
(94,335)
 
 
(94,335)

  

NET LIABILITIES
  
(94,335)
(94,335)


CAPITAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
(94,336)
(94,336)

  
(94,335)
(94,335)


For the year ended 31 August 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Mr A C Main
Director

Date: 30 June 2025


The notes on pages 2 to 3 form part of these financial statements.

Page 1


MOUNT KELLY OVERSEAS LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


GENERAL INFORMATION

The company is limited by shares, incorporated in England within the United Kingdom. The registered office is Mount Kelly Foundation, Parkwood Road, Tavistock, Devon, PL19 0HZ.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

GOING CONCERN

The directors continue to consider the ongoing operations of the business following the pandemic and the subsequent impact on the international schools market. Expenditure is being kept to a minimum.
The Mount Kelly Foundation has indicated it will continue to provide support for the company for the foreseeable future. In light of this, the directors consider it appropriate for the financial statements to be prepared on a going concern basis.

 
2.3

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.4

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Amounts owed to group undertakings
94,335
94,335

94,335
94,335


Page 2


MOUNT KELLY OVERSEAS LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


RELATED PARTY TRANSACTIONS

As the company is a wholly owned subsidiary of The Mount Kelly Foundation, the company has taken exemption under FRS102 1AC.35 in not disclosing related party transactions with the parent entity.


5.


CONTROLLING PARTY

The ultimate parent entity is The Mount Kelly Foundation, a registered charity. Consolidated financial statements are prepared by the charity and are available from its registered office at Mount Kelly, Parkwood Road, Tavistock, Devon, PL19 0HZ.

Page 3