MOUNTFIELDS ESTATES LTD - Accounts

MOUNTFIELDS ESTATES LTD - Accounts

MOUNTFIELDS ESTATES LTD - Company Information

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Registered Number: 12022805
England and Wales

 

 

 

MOUNTFIELDS ESTATES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2020

End date: 31 May 2021

MOUNTFIELDS ESTATES LTD
Contents Page
For the year ended 31 May 2021
We consider that the company is exempt from an audit for the year ended 31st May 2021. We acknowledged, on the balance sheet, our responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



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21 March 2022
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 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 465,000    465,000 
465,000    465,000 
Current assets      
Debtors 1,900    1,900 
Cash at bank and in hand 6,380    589 
8,280    2,489 
Creditors: amount falling due within one year (1,190)   (473)
Net current assets 7,090    2,016 
 
Total assets less current liabilities 472,090    467,016 
Creditors: amount falling due after more than one year (465,000)   (465,000)
Net assets 7,090    2,016 
 

Capital and reserves 		     
Profit and loss account 7,090    2,016 
Shareholder's funds 7,090    2,016 
 


For the accounting period ended 31st May 2021, the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the accounting period in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 21 March 2022 and were signed by:


--------------------------------
Samuel Mbua Ekeke
Director
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General Information
MOUNTFIELDS ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 12022805, registration address 44 LINNET CLOSE, LONDON UNITED KINGDOM, , ES28 8HY

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

0
Average number of employees during the year was 0 (2020 : 0).
3.

Tangible fixed assets

Cost or valuation Land and buildings   Total
  £   £
At 01 June 2020 465,000    465,000 
Additions -    - 
Disposals -    - 
At 31 May 2021 465,000    465,000 
Depreciation
At 01 June 2020 -    - 
Charge for year -    - 
On disposals -    - 
At 31 May 2021 -    - 
Net book values
Closing balance as at 31 May 2021 465,000    465,000 
Opening balance as at 01 June 2020 465,000    465,000 


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