REGISTERED NUMBER: 13815997 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

MOUNTGOLD WATFORD RD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P W Giggins

Mr H D Giggins

REGISTERED OFFICE:

Unit 4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

REGISTERED NUMBER:

13815997 (England and Wales)

ACCOUNTANTS:

Kings Chartered Accountants

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

FIXED ASSETS

Tangible assets

4

108,339

-

Investment property

5

1,108,538

-

1,216,877

-

CURRENT ASSETS

Stocks

6

398,439

1,315,261

Debtors

7

45,820

5,000

Cash at bank

16,794

3,057

461,053

1,323,318

CREDITORS

Amounts falling due within one year

8

1,368,830

1,188,171

NET CURRENT (LIABILITIES)/ASSETS

(907,777

)

135,147

TOTAL ASSETS LESS CURRENT LIABILITIES

309,100

135,147

PROVISIONS FOR LIABILITIES

9

28,185

-

NET ASSETS

280,915

135,147

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

113,400

-

Retained earnings

167,415

135,047

SHAREHOLDERS' FUNDS

280,915

135,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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 17 December 2025 and were signed on its behalf by:

Mr P W Giggins - Director

1.	STATUTORY INFORMATION

Mountgold Watford Rd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income from investment property leased out under operating leases is recognised in the profit and loss on a straight-line basis over the term of the lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, 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, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

Additions

100,000

8,702

108,702

At 30 December 2024

100,000

8,702

108,702

DEPRECIATION

Charge for year

-

363

363

At 30 December 2024

-

363

363

NET BOOK VALUE

At 30 December 2024

100,000

8,339

108,339

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

968,538

Revaluations

140,000

At 30 December 2024

1,108,538

NET BOOK VALUE

At 30 December 2024

1,108,538

Fair value at 30 December 2024 is represented by:

£

Valuation in 2025

968,538

Valuation in 2025

140,000

1,108,538

If investment property had not been revalued it would have been included at the following historical cost:

30.12.24

30.12.23

£

£

Cost

968,538

-

Investment property was valued on an open market basis on 31 December 2024 by the directors. .

6.

STOCKS

30.12.24

30.12.23

£

£

Stocks

398,439

1,307,568

Work-in-progress

-

7,693

398,439

1,315,261

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Other debtors

43,633

5,000

Prepayments

2,187

-

45,820

5,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade creditors

1,140

-

Amounts owed to participating interests

1,309,312

1,076,059

Taxation

37,996

45,196

Other creditors

320

-

Directors' current accounts

4,098

64,916

Accruals

15,964

2,000

1,368,830

1,188,171

9.	PROVISIONS FOR LIABILITIES

30.12.24

30.12.23

£

£

Deferred tax

Accelerated capital allowances

1,585

-

Other timing differences

26,600

-

28,185

-

Deferred

tax

£

Provided during year

28,185

Balance at 30 December 2024

28,185

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.12.24

30.12.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Fair

value

reserve

£

Revaluation

113,400

At 30 December 2024

113,400