| MOUNT ABU CAPITAL LIMITED |
| Registered number: |
08943853 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,208 |
|
|
950,404 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
5,000 |
| Investments held as current assets |
5 |
|
15,000 |
|
|
15,000 |
| Cash at bank and in hand |
|
|
1,137 |
|
|
1,195 |
|
|
|
16,137 |
|
|
21,195 |
|
| Creditors: amounts falling due within one year |
6 |
|
(15,000) |
|
|
(109,982) |
|
| Net current assets/(liabilities) |
|
|
|
1,137 |
|
|
(88,787) |
|
| Total assets less current liabilities |
|
|
|
2,345 |
|
|
861,617 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(1,281,864) |
|
|
(1,958,743) |
|
|
|
| Net liabilities |
|
|
|
(1,279,519) |
|
|
(1,097,126) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
45,000 |
|
|
45,000 |
| Profit and loss account |
|
|
|
(1,324,519) |
|
|
(1,142,126) |
|
| Shareholders' funds |
|
|
|
(1,279,519) |
|
|
(1,097,126) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Rakesh Patel |
| Director |
| Approved by the board on 30 June 2026 |
|
| MOUNT ABU CAPITAL LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
The turnover shown in the profit and loss account represents amounts invoiced during the year. |
|
|
Tangible fixed assets |
|
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: |
|
|
Fixtures, fittings |
20% |
|
on cost |
|
Office Equipment |
33.33% |
|
on cost |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Fixtures and fittings |
|
Office Equipment |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
950,404 |
|
11,816 |
|
8,980 |
|
971,200 |
|
Additions |
- |
|
- |
|
1,208 |
|
1,208 |
|
Disposals |
(950,404) |
|
- |
|
- |
|
(950,404) |
|
At 31 December 2024 |
- |
|
11,816 |
|
10,188 |
|
22,004 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
- |
|
11,816 |
|
8,980 |
|
20,796 |
|
At 31 December 2024 |
- |
|
11,816 |
|
8,980 |
|
20,796 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
- |
|
- |
|
1,208 |
|
1,208 |
|
At 31 December 2023 |
950,404 |
|
- |
|
- |
|
950,404 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
| £ |
£ |
|
Historical cost |
- |
|
950,404 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
- |
|
950,404 |
|
The investment property included in Land and Buildings was revalued to £950,404 at 31 December 2022 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
- |
|
5,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Investments held as current assets |
2024 |
|
2023 |
| £ |
£ |
|
Fair value |
|
Unlisted investments |
15,000 |
|
15,000 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
26,001 |
|
Provision for unrealised gain in security |
15,000 |
|
15,000 |
|
Accruals |
- |
|
68,981 |
|
|
|
|
|
|
15,000 |
|
109,982 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank borrowings |
22,476 |
|
1,047,919 |
|
Amounts owed to directors |
|
1,042,135 |
|
713,322 |
|
Other creditors |
217,253 |
|
197,502 |
|
|
|
|
|
|
1,281,864 |
|
1,958,743 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
- |
|
1,047,919 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
- |
|
1,047,919 |
|
|
|
|
|
|
|
|
|
|
This loan is secured with a charge over the investment property |
|
|
| 9 |
Other information |
|
|
MOUNT ABU CAPITAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
1st Floor |
|
85 Great Portland Street |
|
London |
|
W1W 7LT |