Mountley Investments Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08415405 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 22 FEBRUARY 2013 TO 28 FEBRUARY 2014

FOR

MOUNTLEY INVESTMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

H Schneck

SECRETARY:

Mrs S Schneck

REGISTERED OFFICE:

69 Watermint Quay

London

N16 6DN

REGISTERED NUMBER:

08415405 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

2

4,628,382

CURRENT ASSETS

Debtors

113,704

Cash at bank and in hand

4,375

118,079

CREDITORS

Amounts falling due within one year

87,369

NET CURRENT ASSETS

30,710

TOTAL ASSETS LESS CURRENT LIABILITIES

4,659,092

CREDITORS

Amounts falling due after more than one year

3

2,442,000

NET ASSETS

2,217,092

CAPITAL AND RESERVES

Called up share capital

4

1

Revaluation reserve

2,094,283

Profit and loss account

122,808

SHAREHOLDERS' FUNDS

2,217,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 November 2014 and were signed by:

H Schneck - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net rent receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Investment properties depreciation

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy

results in the financial statements giving true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Additions

2,534,099

Revaluations

2,094,283

At 28 February 2014

4,628,382

NET BOOK VALUE

At 28 February 2014

4,628,382

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

£

Repayable by instalments

2,442,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1