REGISTERED NUMBER: 01791550 (England and Wales)

Financial Statements

for the Year Ended 28th March 2025

for

THE MOUNT PROPERTY COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss D M Clark

Miss P Clark

SECRETARY:

Miss D M Clark

REGISTERED OFFICE:

Redhill Chambers

2d High Street

Redhill

Surrey

RH1 1RJ

REGISTERED NUMBER:

01791550 (England and Wales)

ACCOUNTANTS:

Cheeld Wheeler & Co

Chartered Certified Accountants

Redhill Chambers

2d High Street

Redhill

Surrey

RH1 1RJ

FIXED ASSETS

Tangible assets

4

395,000

395,000

CURRENT ASSETS

Cash at bank

127,010

135,048

CREDITORS

Amounts falling due within one year

5

114,410

115,496

NET CURRENT ASSETS

12,600

19,552

TOTAL ASSETS LESS CURRENT LIABILITIES

407,600

414,552

PROVISIONS FOR LIABILITIES

94,260

94,260

NET ASSETS

313,340

320,292

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

6

282,778

282,778

Retained earnings

6

30,560

37,512

313,340

320,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

Miss P Clark - Director

Miss D M Clark - Director

1.	STATUTORY INFORMATION

The Mount Property Company 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is represented by income from the rental of the investment properties.

Tangible fixed assets

Fixed assets are represented by freehold land and properties which are held for investment purposes.

The properties have been revalued at the market value as at the year end, and are not subject to depreciation.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 29th March 2024

and 28th March 2025

395,000

NET BOOK VALUE

At 28th March 2025

395,000

At 28th March 2024

395,000

Cost or valuation at 28th March 2025 is represented by:

Land and

buildings

£

2023

Cost

17,962

395,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,700

-

Amounts owed to associates

107,799

97,922

Tax

2,111

4,841

Other creditors

-

6,913

Accrued expenses

1,800

5,820

114,410

115,496

6.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 29th March 2024

37,512

282,778

320,290

Deficit for the year

(6,952

)

(6,952

)

At 28th March 2025

30,560

282,778

313,338

7.	RELATED PARTY DISCLOSURES

The controlling shareholders are the executors to the estate of the late Mr Clark.

At the balance sheet date the company owed £107,799 to Reynolds (Wimbledon) Limited, a company owned by the same shareholders.