Mountfield House Limited - Period Ending 2019-12-31
Mountfield House Limited - Period Ending 2019-12-31
Period from 5 December 2018 to
Registration number:
Mountfield House Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Mountfield House Limited
Company Information
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Director |
Mr Declan Dutfield |
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Company secretary |
Mr Joshua Dutfield |
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Registered office |
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Accountants |
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Mountfield House Limited
Balance Sheet
31 December 2019
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Note |
2019 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
100 |
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Profit and loss account |
(90,826) |
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Shareholders' deficit |
(90,726) |
For the financial period ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 11713311
Mountfield House Limited
Notes to the Unaudited Financial Statements
Period from 5 December 2018 to 31 December 2019
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Mountfield House
Musbury
Axminster
EX13 8AZ
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section 1A and the Companies Act 2006. There are no material departures from FRS102.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue to operate for the foreseeable future. This depends on the continued financial support of the company's director as well as continued support from related parties in the form of intercompany loans.
COVID-19
The director of Mountfiel House Limited has considered the impact of COVID-19.
In the opinion of the director, the company has sufficient working capital within existing facilities to continue to operate for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.
Mountfield House Limited
Notes to the Unaudited Financial Statements
Period from 5 December 2018 to 31 December 2019
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant & Machinery |
20% straight line |
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Land & Buildings |
Not depreciated |
Financial instruments
Classification
• Short term trade and other creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Mountfield House Limited
Notes to the Unaudited Financial Statements
Period from 5 December 2018 to 31 December 2019
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Tangible assets |
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Land and buildings |
Plant & machinery |
Total |
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Cost or valuation |
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Additions |
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At 31 December 2019 |
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Depreciation |
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Charge for the period |
- |
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At 31 December 2019 |
- |
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Carrying amount |
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At 31 December 2019 |
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Included within the net book value of land and buildings above is £183,609 in respect of freehold land and buildings.
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Creditors |
Creditors: amounts falling due within one year
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2019 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Amounts due to group undertakings |
246,958 |
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Share capital |
Allotted, called up and fully paid shares
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2019 |
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No. |
£ |
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100 |
During the period, 100 ordinary £1 shares were issued at par.
Mountfield House Limited
Notes to the Unaudited Financial Statements
Period from 5 December 2018 to 31 December 2019
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Related party transactions |
Summary of transactions with parent
Loans from related parties
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Parent and ultimate parent undertaking |
The company's immediate parent is