Mountain Iot Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10875210

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		863,667		185,186

			863,667		185,186
CURRENT ASSETS
Debtors	5	25,048		39,120
Cash at bank and in hand		38		163

		25,086		39,283
Creditors: Amounts Falling Due Within One Year	6	(422,603 )		(147,922 )

NET CURRENT ASSETS (LIABILITIES)			(397,517 )		(108,639 )

TOTAL ASSETS LESS CURRENT LIABILITIES			466,150		76,547

Creditors: Amounts Falling Due After More Than One Year	7		(375,000 )		-

NET ASSETS			91,150		76,547

CAPITAL AND RESERVES
Called up share capital	8		1,880		1,880
Profit and Loss Account			89,270		74,667

SHAREHOLDERS' FUNDS			91,150		76,547

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Mountain Iot Ltd

Balance Sheet (continued)

As At 31 August 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Kirkland

Director

15/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mountain Iot Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10875210 . The registered office is Charnwood Building, Loughborough University, Holywell Park, Ashby Road, Loughborough, Leicestershire, LE11 3AQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Exemption From Preparing Consolidated Financial Statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3. Going Concern Disclosure

The Company is supported by the shareholders and directors of the Company, who will continue to support the Company for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Mountain Iot Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.8. Debtors

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

2.9. Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 September 2024	185,186
Additions	678,481

As at 31 August 2025	863,667

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	863,667

As at 1 September 2024	185,186

5. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	-	23,000
Other debtors	25,048	16,120

	25,048	39,120

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,514	-
Amounts owed to group undertakings	420,455	144,974
Other creditors	617	2,552
Taxation and social security	17	396

	422,603	147,922

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Mountain Iot Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	375,000	-

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,880	1,880

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr Michael Kirkland	331	-	331	-	-

Interest was charged at a rate of 2.5% on the overdrawn balances by the Company.

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