Mountview Freehold Limited - Accounts to registrar - small 17.1

Mountview Freehold Limited - Accounts to registrar - small 17.1

MOUNTVIEW FREEHOLD LIMITED - Company Information

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REGISTERED NUMBER: 05591894 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

MOUNTVIEW FREEHOLD LIMITED

MOUNTVIEW FREEHOLD LIMITED (REGISTERED NUMBER: 05591894)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOUNTVIEW FREEHOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: J D Rose
I J Rose





SECRETARY: I J Rose





REGISTERED OFFICE: 5-9 Eden Street
Kingston Upon Thames
Surrey
KT1 1BQ





REGISTERED NUMBER: 05591894 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ
Page 1
MOUNTVIEW FREEHOLD LIMITED (REGISTERED NUMBER: 05591894)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 42,362 42,362

CURRENT ASSETS
Debtors 4 84,500 84,500
Cash at bank 4,370 1,705
88,870 86,205
CREDITORS
Amounts falling due within one year 5 11,365 11,732
NET CURRENT ASSETS 77,505 74,473
TOTAL ASSETS LESS CURRENT
LIABILITIES
119,867
116,835

CREDITORS
Amounts falling due after more than one
year
6
2,700
-
NET ASSETS 117,167 116,835

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 116,167 115,835
SHAREHOLDERS' FUNDS 117,167 116,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

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MOUNTVIEW FREEHOLD LIMITED (REGISTERED NUMBER: 05591894)

BALANCE SHEET - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 October 2017 and were signed on its behalf by:





I J Rose - Director


The notes form part of these financial statements

Page 3
MOUNTVIEW FREEHOLD LIMITED (REGISTERED NUMBER: 05591894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Mountview Freehold 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred 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 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.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 42,362
NET BOOK VALUE
At 31 March 2017 42,362
At 31 March 2016 42,362

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Amounts owed by group undertakings 84,500 84,500

Page 4 continued...
MOUNTVIEW FREEHOLD LIMITED (REGISTERED NUMBER: 05591894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 11,365 11,732

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Other creditors 2,700 -

7. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £84,500 (2015 - £84,500) owed to the company by Basic Properties Limited,
a company jointly controlled by the two directors, I J Rose and J D Rose.The loan is interest free and repayable
on demand.

Other creditors comprises loans from the two directors who equally own 100% of the share capital of the
company.The loans, which are equally split between the two, are interest free and repayable on demand.

Page 5