Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2025

And signed on behalf of the board by:
Name: G V Reddy
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

Balance sheet

As at 31 December 2024

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  1. Strategic Land Activities All fees generated are for the sole benefit of the company. 2. Development and Asset Management Activities Turnover is calculated using a cost-plus arrangement, where the recorded turnover equals 110% of the costs incurred. This ensures that the activity is always profitable for the company. 3. Group Profit Allocation The overall group profit or loss from these activities is split between Mountpark Properties Ltd and Mountpark Realco Cooperatief NL Ua. The split for 2024 is 68:32, compared to 80:20 in 2023. This allocation follows a transfer pricing agreement aligned with OECD guidelines, ensuring transactions are conducted on an arm’s length basis.

  Tangible fixed assets depreciation policy

  Fixed Asset Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the profit or loss during the period in which they are incurred. Depreciation Depreciation is provided to write off the cost, less estimated residual values, of all tangible fixed assets, evenly over their expected useful lives. It is calculated at the following rates: Fixtures, fittings and equipment per annum straight line Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within “administrative expenses” in the statement of income and retained earnings.

  Other accounting policies

  Current and deferred taxation The charge for taxation is based on the profit for the year and taken into account taxation deferred. Current tax is measured at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date except that: any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and the recognition of deferred tax assets is limited to the extent that the company anticipates making sufficient taxable profits in the future to absorb the reversal of the underlying timing differences. Deferred tax balances arising from underlying timing differences in respect of tax allowances on industrial buildings are reversed if and when all conditions for retaining those allowances have been met; and Deferred tax balances are not discounted. Finance costs Finance costs are charged to profit over the term of the debt so that the amount charged is at a constant rate on the carrying amount. Operating leases Operating lease rentals are charged to the profit and loss account in equal amounts over the lease term. Significant accounting judgements, estimates and assumptions In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the financial assets. Factors taken into consideration in reaching such a decision include observable data that come to the attention of the holder of the asset about any loss events and significant changes with an adverse effect that have taken place in the technological, market, economic or legal environment in which the debtor operates. In determining the appropriate split of costs to apply the transfer pricing methodology to, the Directors exercise their judgement as to which costs are attributable to which activity. This is determined by analysing the work done by each individual within the company.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	23	19