Mont Blanc Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08872005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

MONT BLANC ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Avital

SECRETARY:

A Avital

REGISTERED OFFICE:

4th Floor

Charles House

108-110 Finchley road

London

NW3 5JJ

REGISTERED NUMBER:

08872005 (England and Wales)

ACCOUNTANTS:

Numera Partners LLP

4th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

FIXED ASSETS

Tangible assets

4

1,018,459

1,018,459

CURRENT ASSETS

Cash at bank

22,662

6,004

CREDITORS

Amounts falling due within one year

5

185,682

170,110

NET CURRENT LIABILITIES

(163,020

)

(164,106

)

TOTAL ASSETS LESS CURRENT LIABILITIES

855,439

854,353

CREDITORS

Amounts falling due after more than one year

6

631,806

645,887

NET ASSETS

223,633

208,466

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

223,533

208,366

223,633

208,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 December 2021 and were signed by:

M Avital - Director

1.	STATUTORY INFORMATION

Mont Blanc Estates 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 rental income 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.

Taxation

Taxation for the year comprises of current 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company, therefore continues to adopt the going concern policy in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2020

and 31 March 2021

1,018,459

NET BOOK VALUE

At 31 March 2021

1,018,459

At 31 March 2020

1,018,459

Freehold and leasehold property to the sum of £1,018,459 is included at fair value as valued by the director.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

1

-

Taxation and social security

3,557

7,190

Other creditors

182,124

162,920

185,682

170,110

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Other creditors

631,806

645,887

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

£

£

M Avital

Balance outstanding at start of year

(11,742

)

(13,854

)

Amounts advanced

-

11,700

Amounts repaid

-

(9,588

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(11,742

)

(11,742

)

8.	RELATED PARTY DISCLOSURES

Included in creditors due within one year is an amount of £108,513 (2020: £114,705) owed to one of the shareholders of the company.

9.	SHAREHOLDERS' FUNDS

Included within retained earnings is £223,533 of which is all distributable to the shareholders.