REGISTERED NUMBER: 07837176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

MOUNTGREEN LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A M Freshwater

H Schneck

SECRETARY:

H Schneck

REGISTERED OFFICE:

69 Watermint Quay

Craven Walk

Stamford Hill

London

N16 6DN

REGISTERED NUMBER:

07837176 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

376

128

Investment property

5

9,064,340

9,075,539

9,064,716

9,075,667

CURRENT ASSETS

Stocks

690,286

634,879

Debtors

6

48,898,647

48,960,064

Cash at bank

30,453

159,028

49,619,386

49,753,971

CREDITORS

Amounts falling due within one year

7

(3,335,294

)

(2,719,260

)

NET CURRENT ASSETS

46,284,092

47,034,711

TOTAL ASSETS LESS CURRENT LIABILITIES

55,348,808

56,110,378

CREDITORS

Amounts falling due after more than one year

8

(47,760,222

)

(48,595,742

)

NET ASSETS

7,588,586

7,514,636

CAPITAL AND RESERVES

Called up share capital

9

130

130

Retained earnings

10

7,588,456

7,514,506

SHAREHOLDERS' FUNDS

7,588,586

7,514,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

H Schneck - Director

1.	STATUTORY INFORMATION

Mountgreen 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.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

432

-

432

Additions

-

399

399

At 30 November 2025

432

399

831

DEPRECIATION

At 1 December 2024

304

-

304

Charge for year

19

132

151

At 30 November 2025

323

132

455

NET BOOK VALUE

At 30 November 2025

109

267

376

At 30 November 2024

128

-

128

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

9,075,539

Additions

324,208

Disposals

(335,407

)

At 30 November 2025

9,064,340

NET BOOK VALUE

At 30 November 2025

9,064,340

At 30 November 2024

9,075,539

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

303,723

412,476

Amounts owed by group undertakings

36,389,039

38,939,130

Other debtors

12,205,885

9,608,458

48,898,647

48,960,064

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

201,377

183,742

Taxation and social security

489

22,367

Other creditors

3,133,428

2,513,151

3,335,294

2,719,260

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

3,001,219

4,266,785

Other creditors

44,759,003

44,328,957

47,760,222

48,595,742

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

162,500

1,942,978

Repayable by instalments

Bank loans more 5 yr by instal

980,503

415,899

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

130

Ordinary

£1

130

130

10.

RESERVES

Retained

earnings

£

At 1 December 2024

7,514,506

Profit for the year

73,950

At 30 November 2025

7,588,456

11.	RELATED PARTY DISCLOSURES

Mountgreen Ltd is one of group company under Mountgreen Group Ltd's group, there are some loans between group companies:

1. Loan debtors:

A. Centralgreen Ltd - £1,381,783

B. Craven Green Ltd - £4,518,114

C. Farindon Ltd - Ltd - £3,192

E. Fleetoak Ltd - £3,221,877

F. Fleetwood Park 1 Ltd - £3,147,939

G. Fleetwood Park Ltd - £3,539,120

H. Greeneedle Ltd - £11,974,175

I. Greenhare Ltd - £253,942

J. Mountburg Ltd - £1,195,777

K. Mountgreen 2 Ltd - £6,458,516

L. Mountgreen 40 Ltd - £1,134,710

M. Mountgreen Crawley Ltd - £358,041

N. Mountgreen Estates Ltd £708,311

O. Mountgreen Group Ltd - £50,024

P. Mountgreen Grove Ltd - £174,050

Q. Mountgreen Heath Ltd - £2,708,641

R. Mountgreen Hill Ltd - £774,570

S. Mountgreen Horsham Ltd - £2,778,228

T. Mountgreen Wood Ltd - £1,750,938

U. Mountgreenway Ltd - £3,833,367

V. Newfoundland Court Ltd - £5,663,939

W. Profast Properties Ltd - £275,836

Y. QUAY WEST ESTATE COMPANY LIMITED - £7,791

Z. Union House Estates Ltd - £195,998

2. Loan creditors:

A. Greeneedle Homes Ltd - £9,660,362

B. Greenswan Estates Ltd - £176,021

C. Mountfleet Ltd - £4,934,652

D. Mountgreen Bridge Ltd - £877,799

E. Mountgreen Capital Ltd - £274,396

F. Mountgreen Freeholds Ltd - ££23,911

G. Mountgreen Homes Ltd - £374,273

H. Newfoundland Homes Limited - £3,932,381

I. Rickford Estates Ltd- £34,786