Mount Finance Corporation Limited
Unaudited Financial Statements
For the year ended 31 July 2025
Pages for Filing with Registrar
Company Registration No. 10852391 (England and Wales)
Mount Finance Corporation Limited
Company Information
Director
I Feger
(Appointed 24 September 2024)
Company number
10852391
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Mount Finance Corporation Limited
Balance Sheet
As at 31 July 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
43,431,513
41,584,081
Current assets
Debtors
4
522,300
520,314
Cash at bank and in hand
316,910
446,395
839,210
966,709
Creditors: amounts falling due within one year
5
(32,324,275)
(30,452,287)
Net current liabilities
(31,485,065)
(29,485,578)
Total assets less current liabilities
11,946,448
12,098,503
Creditors: amounts falling due after more than one year
6
(12,850,000)
(12,850,000)
Net liabilities
(903,552)
(751,497)
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
(904,552)
(752,497)
Total equity
(903,552)
(751,497)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Mount Finance Corporation Limited
Balance Sheet (Continued)
As at 31 July 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
I Feger
Director
Company Registration No. 10852391
Mount Finance Corporation Limited
Notes to the Financial Statements
For the year ended 31 July 2025
Page 3
1
Accounting policies
Company information

Mount Finance Corporation Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. At the year end the company has net liabilities of £903,552 (2024: £751,497) and net current liabilities of £31,485,065 (2024: £29,485,578). Included within other creditors is a balance of £18,099,900 (2024: £18,099,900) which represents a debt on a cash facility agreement. The agreement allows borrowing up to £20,000,000 to finance the operations of the company, with no set repayment date. The loan is therefore classified as short term however the facility will not be recalled if to do so will jeopardise the going concern of the business.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

T he c ompany only has financial instruments classified as basic and measured at amortised cost. The c ompany has no financial instruments that are classified as ‘other’ or financial instruments measured at fair value.

1.6
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.

Mount Finance Corporation Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
Page 4
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2024: nil).

3
Investment property
2025
£
Fair value
At 1 August 2024
41,584,081
Additions
1,847,432
At 31 July 2025
43,431,513

The property was valued on an open market basis on 31 July 2025 by the director.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
18,116
18,116
Prepayments and accrued income
6,246
4,260
24,362
22,376
Mount Finance Corporation Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
4
Debtors
(Continued)
Page 5
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
497,938
497,938
Total debtors
522,300
520,314
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
648
184,624
Other creditors
32,309,194
30,254,665
Accruals and deferred income
14,433
12,998
32,324,275
30,452,287
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
12,850,000
12,850,000

The loan is secured by a fixed and floating charge over the assets of the company.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
Mount Finance Corporation Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2025
Page 6
8
Related party transactions

Included within debtors is the amount £18,116 (2024: £18,116), due from the parent company.

Included within other creditors is the amount of £25,489,851 (2024: £7,332,659) due to the parent company.

Included within other creditors is the amount of £nil (2024: £18,099,900) due to ICCM Limited, a connected company.

Included within other creditors is the amount of £6,819,343 (2024: £4,822,106) due to Building Materials Investment, a connected company.

9
Parent company

The controlling party and ultimate parent company is Ginza Property S.A., a company registered in Luxembourg, owning 90% of the share capital in the company. The parent company operates from 7, rue Robert Stümper, L - 2557 Luxembourg.

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