Mountcray Limited Accounts






Mountcray Limited

	Company No. 01323946
		Information for Filing with The Registrar
		29 February 2020

The Directors present their report and the accounts for the year ended 29 February 2020.

Principal activities
The principal activity of the company during the year under review was residents' property management.




Directors

The Directors who served at any time during the year were as follows:

D. Craig
C.A. Ricketts
M. Roth



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D. Craig
Director
14 September 2020

at	29 February 2020
Company No.		01323946	Notes	2020	2019
				£	£






Current assets

	Debtors		4	8,110	9,135

	Cash at bank and in hand			36,521	34,819
				44,631	43,954
Creditors: Amount falling due within one year			5	(1,345)	(1,476)
Net current assets				43,286	42,478
Total assets less current liabilities				43,286	42,478




Net assets				43,286	42,478

Capital and reserves
	Called up share capital			12	12



	Profit and loss account		6	43,274	42,466

Total equity				43,286	42,478



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 29 February 2020 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 14 September 2020
And signed on its behalf by:
D. Craig
Director
14 September 2020

for the year ended 29 February 2020

General information

Its registered number is: 01323946

Its registered office is:

Flat 4

16 The Ridgeway

Enfield

Middlesex

EN2 8QH

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

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

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2020	2019
			Number	Number
		The average number of persons employed during the year :	3	3

4	Debtors
			2020	2019
			£	£






		Other debtors	5,610	6,635
		Prepayments and accrued income	2,500	2,500
			8,110	9,135

5	Creditors:
		amounts falling due within one year
			2020	2019
			£	£




		Trade creditors	810	840




		Other creditors	535	636

			1,345	1,476

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.