IRIS Accounts Production v25.3.0.601 01760554 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01760554 2024-03-31 01760554 2025-03-31 01760554 2024-04-01 2025-03-31 01760554 2023-03-31 01760554 2023-04-01 2024-03-31 01760554 2024-03-31 01760554 ns15:EnglandWales 2024-04-01 2025-03-31 01760554 ns14:PoundSterling 2024-04-01 2025-03-31 01760554 ns10:Director1 2024-04-01 2025-03-31 01760554 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01760554 ns10:SmallEntities 2024-04-01 2025-03-31 01760554 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01760554 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01760554 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01760554 ns10:FullAccounts 2024-04-01 2025-03-31 01760554 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 01760554 ns10:Director2 2024-04-01 2025-03-31 01760554 ns10:CompanySecretary1 2024-04-01 2025-03-31 01760554 ns10:RegisteredOffice 2024-04-01 2025-03-31 01760554 ns5:CurrentFinancialInstruments 2025-03-31 01760554 ns5:CurrentFinancialInstruments 2024-03-31 01760554 ns5:ShareCapital 2025-03-31 01760554 ns5:ShareCapital 2024-03-31 01760554 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01760554 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01760554 ns5:LeaseholdImprovements 2024-03-31 01760554 ns5:PlantMachinery 2024-03-31 01760554 ns5:FurnitureFittings 2024-03-31 01760554 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 01760554 ns5:PlantMachinery 2024-04-01 2025-03-31 01760554 ns5:FurnitureFittings 2024-04-01 2025-03-31 01760554 ns5:LeaseholdImprovements 2025-03-31 01760554 ns5:PlantMachinery 2025-03-31 01760554 ns5:FurnitureFittings 2025-03-31 01760554 ns5:LeaseholdImprovements 2024-03-31 01760554 ns5:PlantMachinery 2024-03-31 01760554 ns5:FurnitureFittings 2024-03-31 01760554 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01760554 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 01760554 ns5:WithinOneYear 2025-03-31 01760554 ns5:WithinOneYear 2024-03-31 01760554 ns5:BetweenOneFiveYears 2025-03-31 01760554 ns5:BetweenOneFiveYears 2024-03-31 01760554 ns5:MoreThanFiveYears 2025-03-31 01760554 ns5:MoreThanFiveYears 2024-03-31 01760554 ns5:AllPeriods 2025-03-31 01760554 ns5:AllPeriods 2024-03-31 01760554 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 01760554 (England and Wales)

Mountgrange Heritage Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

| Mountgrange Heritage Limited (Registered number: 01760554) |

Contents of the Financial Statements

for the year ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Mountgrange Heritage Limited |

Company Information

for the year ended 31 March 2025

| Directors: | E D Thomson

| M K Wilson

| Secretary: | M K Wilson

| Registered office: | 13b Stratford Road

| London

| W8 6RF

| Registered number: | 01760554 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| Broadwalk House, 5th Floor

| 5 Appold Street

| Broadgate

| London

| EC2A 2AG

| Mountgrange Heritage Limited (Registered number: 01760554) |

Balance Sheet

31 March 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

Fixed assets

Tangible assets | 4 | 70,773 |  | 82,141 |  |

Current assets

Debtors | 5 | 343,397 |  | 313,066 |  |

Cash at bank | 1,828,495 |  | 1,299,837 |  |

2,171,892 |  | 1,612,903 |  |

Creditors

Amounts falling due within one year | 6 | 442,512 |  | 230,894 |  |

Net current assets | 1,729,380 |  | 1,382,009 |  |

Total assets less current liabilities | 1,800,153 |  | 1,464,150 |  |

Provisions for liabilities | 6,210 |  | 5,633 |  |

Net assets | 1,793,943 |  | 1,458,517 |  |

Capital and reserves

Called up share capital | 8 | 100 |  | 100 |  |

Retained earnings | 1,793,843 |  | 1,458,417 |  |

Shareholders' funds | 1,793,943 |  | 1,458,517 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

M K Wilson - Director

| Mountgrange Heritage Limited (Registered number: 01760554) |

Notes to the Financial Statements

for the year ended 31 March 2025

1. | Statutory information

| Mountgrange Heritage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | Accounting policies

| Accounting convention

| These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover

| Turnover comprises revenue recognised by the company in respect of services supplied and the fees received, excluding VAT. Turnover is recognised in the financial statements based on the date of the invoice or in the case of letting fees, based on the period over which the service is supplied.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Land and buildings leasehold |  | Over the period of the lease |  |

| Plant and machinery |  | 25% reducing balance |  |

| Fixtures, fittings & equipment |  | 20-25% reducing balance |  |

| Motor vehicles |  | 25% reducing balance |  |

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

| Mountgrange Heritage Limited (Registered number: 01760554) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

2. | Accounting policies - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| Basic financial liabilities, including creditors, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| Taxation

| The tax expense represents the sum of the tax currently payable and deferred tax.

| Current tax

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

| Deferred tax

| Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

| Leases

| Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

| Employee benefits

| The costs of short-term employee benefits are recognised as a liability and an expense.

| Retirement benefits

| The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

| Cash at bank and in hand

| Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

3. | Employees and directors

| The average number of employees during the year was 28 (2024 - 30 ) .

| Mountgrange Heritage Limited (Registered number: 01760554) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

4. | Tangible fixed assets

Fixtures |

Land and | Plant and | and |

Buildings | machinery | fittings | Totals |

| £ | £ | £ | £

| Cost

| At 1 April 2024 | 266,035 |  | 41,695 |  | 71,828 |  | 379,558 |  |

| Additions | - |  | 4,972 |  | 1,971 |  | 6,943 |  |

| At 31 March 2025 | 266,035 |  | 46,667 |  | 73,799 |  | 386,501 |  |

| Depreciation

| At 1 April 2024 | 205,416 |  | 31,090 |  | 60,911 |  | 297,417 |  |

| Charge for year | 12,582 |  | 3,456 |  | 2,273 |  | 18,311 |  |

| At 31 March 2025 | 217,998 |  | 34,546 |  | 63,184 |  | 315,728 |  |

| Net book value

| At 31 March 2025 | 48,037 |  | 12,121 |  | 10,615 |  | 70,773 |  |

| At 31 March 2024 | 60,619 |  | 10,605 |  | 10,917 |  | 82,141 |  |

5. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade debtors | 80,681 |  | 52,686 |  |

| Amounts owed by group undertakings | 207,815 |  | 202,124 |  |

| Other debtors | 54,901 |  | 58,256 |  |

343,397 |  | 313,066 |  |

6. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Trade creditors | 27,977 |  | 6,397 |  |

| Taxation and social security | 359,703 |  | 176,751 |  |

| Other creditors | 54,832 |  | 47,746 |  |

442,512 |  | 230,894 |  |

7. | Leasing agreements

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

| £ | £

| Within one year | 116,500 |  | 118,179 |  |

| Between one and five years | 335,125 |  | 406,000 |  |

| In more than five years | 60,000 |  | 105,625 |  |

511,625 |  | 629,804 |  |

8. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| Mountgrange Heritage Limited (Registered number: 01760554) |

Notes to the Financial Statements - continued

for the year ended 31 March 2025

9. | Related party disclosures

| Included in creditors are amounts owed from the parent company of £207,815 (2024: £202,124).

10. | Parent company

| The parent company and controlling party is Yieldcroft Limited, the registered office is 13b Stratford Road, London, W8 6RF.