Company registration number 07144364 (England and Wales)
MOUNTGOLD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
MOUNTGOLD LIMITED
COMPANY INFORMATION
Director
Mr B Thakrar
Company number
07144364
Registered office
Argyle House
Joel Street
Northwood
Middlesex
HA6 1NW
Accountants
KLSA LLP
Kalamu House
11 Coldbath Square
London
EC1R 5HL
MOUNTGOLD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MOUNTGOLD LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
1,528,795
1,628,879
Current assets
Debtors
4
1,333,671
37,950
Cash at bank and in hand
7,263
10,376
1,340,934
48,326
Creditors: amounts falling due within one year
5
(136,999)
(550,670)
Net current assets/(liabilities)
1,203,935
(502,344)
Total assets less current liabilities
2,732,730
1,126,535
Creditors: amounts falling due after more than one year
6
(818,882)
(940,898)
Net assets
1,913,848
185,637
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
1,912,848
184,637
Total equity
1,913,848
185,637

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

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

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

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

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

The financial statements were approved and signed by the director and authorised for issue on 17 June 2026
Mr B Thakrar
Director
Company registration number 07144364 (England and Wales)
MOUNTGOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Mountgold Limited is a private company limited by shares incorporated in England and Wales. The registered office is Argyle House, Joel Street, Northwood, Middlesex, HA6 1NW.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
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.

1.4
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.

MOUNTGOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, 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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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. A m ounts 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.

1.5
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.

1.6
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

MOUNTGOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
3
Fixed asset investments
2025
2024
£
£
Investments
1,528,795
1,628,879
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 September 2024
1,628,879
Disposals
(100,084)
At 31 August 2025
1,528,795
Carrying amount
At 31 August 2025
1,528,795
At 31 August 2024
1,628,879
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
147,888
-
0
Other debtors
1,185,783
37,950
1,333,671
37,950
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
117,903
92,534
Trade creditors
600
-
0
Other creditors
18,496
458,136
136,999
550,670
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
818,882
940,898
MOUNTGOLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
6
Creditors: amounts falling due after more than one year
(Continued)
- 5 -

The bank loan is secured by the following:

- The bank holds a fixed and floating charge on the assets of the company.

The loan is subject to monthly repayments and commercial rate of interest.

Creditors which fall due after five years are as follows:
2025
2024
£
£
Loan payable after 5 years
347,271
570,760
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1,000
1,000
1,000
1,000
8
Related party transactions

As at the balance sheet date, the company was owed £736,360 by a connected company (202 4: £455,640) owed to a connected company. The companies are connected through common directorship and shareholding.

Included in debtors, is amount due from a group company of 299,173 (2024: 37,950).

9
Directors' transactions

Included in other creditors is a balance of £16,696 (202 4 - £696) due to the director of the company. This balance is interest free and repayable on demand.

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