ACCOUNTS - Final Accounts preparation

MOUNTAIN (DUBAI) LIMITED - Company Information

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Registered number: 10904149

MOUNTAIN (DUBAI) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


MOUNTAIN (DUBAI) LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 4


MOUNTAIN (DUBAI) LIMITED REGISTERED NUMBER:10904149

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Fixed asset investments	4		2,896,842		2,896,842
			2,896,842		2,896,842

Creditors: amounts falling due within one year	5	(2,932,526)		(2,923,886)
Net current liabilities			(2,932,526)		(2,923,886)
Total assets less current liabilities			(35,684)		(27,044)

Net liabilities			(35,684)		(27,044)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(35,784)	(27,144)
		(35,684)	(27,044)


MOUNTAIN (DUBAI) LIMITED REGISTERED NUMBER:10904149

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G M Landesberg

Director

Date: 22 December 2023

The notes on pages 3 to 4 form part of these financial statements.


MOUNTAIN (DUBAI) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Mountain (Dubai) Limited is a private company, limited by shares, registered in England and Wales, registration number 10904149. The registered office address is Elsley Court, 20-22 Great Titchfield Street , London, United Kindom, W1W 8BE.

The principal activity of the company is that of property trading.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentation currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilites in full for at least the next 12 months. On the basis, the directors are satisfied that the financial statements should be prepared on an ongoing basis.

2.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, ne t of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

4.	Fixed asset investments

		Investments in associates
		£
	Cost or valuation
	At 1 January 2022	2,896,842
	At 31 December 2022	2,896,842


MOUNTAIN (DUBAI) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	-	2,700
Amounts owed to group undertakings	2,896,420	2,896,420
Other creditors	30,526	22,966
Accruals and deferred income	5,580	1,800
	2,932,526	2,923,886

6.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

100 (2021 - 100) Ordinary shares of £1.00 each	100	100

7.	Related party transactions
	Included in amounts owed to group undertakings are loans owed to shareholders totalling £2,896,420 (2021 - 2,896,420). The loan is interest free and repayable on demand. Included in other creditors are loans from companies under the control of the directors totalling £30,526 (2021 - £22,966). The loan is interest free and repayable on demand.