Mount Audley Developments Ltd - Accounts to registrar (filleted) - small 18.2

Mount Audley Developments Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08529437 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2020

for

Mount Audley Developments Ltd

Mount Audley Developments Ltd (Registered number: 08529437)






Contents of the Financial Statements
for the Year Ended 30 June 2020




Page

Balance Sheet 1

Notes to the Financial Statements 3


Mount Audley Developments Ltd (Registered number: 08529437)

Balance Sheet
30 June 2020

2020 2019
Notes £    £    £    £   
Fixed assets
Investments 4 100 100

Current assets
Debtors 5 365,027 80,702
Cash at bank 2,264 287,860
367,291 368,562
Creditors
Amounts falling due within one year 6 1,763 1,900
Net current assets 365,528 366,662
Total assets less current liabilities 365,628 366,762

Capital and reserves
Called up share capital 7 100 100
Retained earnings 365,528 366,662
Shareholders' funds 365,628 366,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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.

Mount Audley Developments Ltd (Registered number: 08529437)

Balance Sheet - continued
30 June 2020


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2021 and were signed on its behalf by:





J H Vandermolen - Director


Mount Audley Developments Ltd (Registered number: 08529437)

Notes to the Financial Statements
for the Year Ended 30 June 2020

1. Statutory information

Mount Audley Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08529437

Registered office: 4 Spencer Drive
London
N2 0QX

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

3. Employees and directors

The average number of employees during the year was 2 (2019 - 2 ) .

Mount Audley Developments Ltd (Registered number: 08529437)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2020

4. Fixed asset investments
Interest
in other
participating
interests
£   
Cost
At 1 July 2019
and 30 June 2020 100
Net book value
At 30 June 2020 100
At 30 June 2019 100

5. Debtors: amounts falling due within one year
2020 2019
£    £   
Amounts owed by associates 78,202 78,202
Other debtors 6,825 2,500
Directors' loan accounts 280,000 -
365,027 80,702

6. Creditors: amounts falling due within one year
2020 2019
£    £   
Other creditors 1,213 1,900
Directors' current accounts 550 -
1,763 1,900

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

Mount Audley Developments Ltd (Registered number: 08529437)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2020

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2020 and 30 June 2019:

2020 2019
£    £   
J H Vandermolen
Balance outstanding at start of year - -
Amounts advanced 140,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,000 -

S A G Miller
Balance outstanding at start of year - -
Amounts advanced 140,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,000 -

The advances were repaid in March 2021. Interest of £6,825 has been charged on these advances.

9. Ultimate controlling party

The ultimate controlling party is is the directors together.