ACCOUNTS - Final Accounts preparation

Registered number: 10904149

MOUNTAIN (DUBAI) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


MOUNTAIN (DUBAI) LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Statement of changes in equity	3
Notes to the financial statements	4 - 5


MOUNTAIN (DUBAI) LIMITED REGISTERED NUMBER:10904149

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Fixed asset investments			-		2,313,217
			-		2,313,217
Current assets
Debtors: amounts falling due within one year	5	50,098		635,238
		50,098		635,238
Creditors: amounts falling due within one year	6	(49,998)		(2,942,996)
Net current assets/(liabilities)			100		(2,307,758)
Total assets less current liabilities			100		5,459

Net assets			100		5,459

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		-	5,359
		100	5,459


MOUNTAIN (DUBAI) LIMITED REGISTERED NUMBER:10904149

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 profit and loss account 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:

G M Landesberg

Director

Date: 16 December 2025

The notes on pages 4 to 5 form part of these financial statements.


MOUNTAIN (DUBAI) LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2023 (as previously stated)	100	(35,784)	(35,684)
Prior year adjustment	-	86,942	86,942
At 1 January 2023 (as restated)	100	51,158	51,258

Loss for the year	-	(45,799)	(45,799)

At 1 January 2024	100	5,359	5,459

Profit for the year	-	9,938,983	9,938,983
Contributions by and distributions to owners
Dividends: Equity capital	-	(9,944,342)	(9,944,342)
At 31 December 2024	100	-	100

The notes on pages 4 to 5 form part of these financial statements.


MOUNTAIN (DUBAI) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Mountain (Dubai) Limited is a private company, limited by shares, registered in England and Wales, registration number 10904149. The registered office address is Elsley Court, 20-22 Great Titchfield Street , London, United Kindom, W1W 8BE.

The principal activity of the company is that of property trading.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 company's functional and presentation currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.3

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.

2.4

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.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

4.	Fixed asset investments

		Investments in associates
		£

	At 1 January 2024	2,313,217
	Disposals	(2,313,217)
	At 31 December 2024	-


MOUNTAIN (DUBAI) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	50,098	635,238

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	-	2,905,732
Other creditors	32,626	30,526
Accruals	17,372	6,738
	49,998	2,942,996

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1.00 each	100	100

Related party transactions

Included in amounts owed by group undertakings are loans owed by a group undertaking totalling £50,098 (2023 - £635,238). The loan is interest free and repayable on demand.

Included in amounts owed to group undertakings are loans owed to shareholders totalling £Nil

(2023 - £2,905,732). The loan is interest free and repayable on demand.

Included in other creditors are loans from companies under the control of the directors totalling £32,626 (2023 - £30,526). The loan is interest free and repayable on demand.