MOUNT PROPERTY MANAGEMENT LTD

MOUNT PROPERTY MANAGEMENT LTD

MOUNT PROPERTY MANAGEMENT LTD - Company Information

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MOUNT PROPERTY MANAGEMENT LTD

Company Registration Number:
07500589 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

MOUNT PROPERTY MANAGEMENT LTD

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

MOUNT PROPERTY MANAGEMENT LTD

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 555,000 680,000
Investments:   0 0
Total fixed assets: 555,000 680,000
Current assets
Stocks: 0 0
Debtors:   7,194 7,042
Cash at bank and in hand: 24,691 26,755
Investments:   0 0
Total current assets: 31,885 33,797
Creditors: amounts falling due within one year: 4 (466,732) (550,012)
Net current assets (liabilities): (434,847) (516,215)
Total assets less current liabilities: 120,153 163,785
Creditors: amounts falling due after more than one year: 5 (3,385) (41,282)
Provision for liabilities: 0 0
Total net assets (liabilities): 116,768 122,503
Capital and reserves
Called up share capital: 200 200
Share premium account: 0 0
Revaluation reserve:677,36494,019
Other reserves: 0 0
Profit and loss account: 39,204 28,284
Shareholders funds: 116,768 122,503

The notes form part of these financial statements

MOUNT PROPERTY MANAGEMENT LTD

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 December 2022
and signed on behalf of the board by:

Name: Colin Ingledew
Status: Director

The notes form part of these financial statements

MOUNT PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MOUNT PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 3 3

MOUNT PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 680,000
Disposals (125,000)
At 31 March 2022 555,000
Net book value
At 31 March 2022 555,000
At 31 March 2021 680,000

MOUNT PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

Bank loans and overdrafts. £27,522 Taxes and social security. £296 Loans from directors. £438,494 Accruals £420Total £466,732

MOUNT PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due after more than one year note

Bank loans. £3,385

MOUNT PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Revaluation reserve

2022
£
Balance at 01 April 2021 94,019
Surplus or deficit after revaluation (16,655)
Balance at 31 March 2022 77,364

MOUNT PROPERTY MANAGEMENT LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

7. Related party transactions

Name of the related party: Karen Heald
Relationship:
Director
Description of the Transaction: Loan of monies
£
Balance at 01 April 2021 288,602
Balance at 31 March 2022 249,471
Name of the related party: Colin Ingledww
Relationship:
Director
Description of the Transaction: Loan of monies.
£
Balance at 01 April 2021 169,217
Balance at 31 March 2022 127,522
Name of the related party: Lynne Ingledew
Relationship:
Director
Description of the Transaction: Loan of monies
£
Balance at 01 April 2021 60,500
Balance at 31 March 2022 61,500