MOUNT ABU CAPITAL LIMITED
|
Registered number: |
08943853
|
Balance Sheet |
as at 31 August 2018
|
|
Notes |
|
|
2018 |
|
|
2017 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
1,188,553 |
|
|
1,187,062 |
|
Current assets |
Debtors |
3 |
|
32,648 |
|
|
5,000 |
Cash at bank and in hand |
|
|
22,696 |
|
|
2,571 |
|
|
|
55,344 |
|
|
7,571 |
|
Creditors: amounts falling due within one year |
4 |
|
(17,375) |
|
|
(17,375) |
|
Net current assets/(liabilities) |
|
|
|
37,969 |
|
|
(9,804) |
|
Total assets less current liabilities |
|
|
|
1,226,522 |
|
|
1,177,258 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(1,536,539) |
|
|
(1,385,183) |
|
Provisions for liabilities |
|
|
|
(39,031) |
|
|
(39,031) |
|
|
Net liabilities |
|
|
|
(349,048) |
|
|
(246,956) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
45,000 |
|
|
45,000 |
Profit and loss account |
|
|
|
(394,048) |
|
|
(291,956) |
|
Shareholders' funds |
|
|
|
(349,048) |
|
|
(246,956) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
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.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
Rakesh Patel |
Director |
Approved by the board on 17 May 2019
|
|
MOUNT ABU CAPITAL LIMITED
|
Notes to the Accounts |
for the year ended 31 August 2018
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
The turnover shown in the profit and loss account represents amounts invoiced during the year.
|
|
|
Tangible fixed assets |
|
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
|
|
|
Fixtures, fittings |
20% |
|
on cost |
|
Office Equipment |
33.33% |
|
on cost |
|
|
2 |
Tangible fixed assets |
|
|
Land and buildings |
|
Fixtures and fittings |
|
Office Equipment |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 September 2017 |
1,180,001 |
|
11,816 |
|
1,700 |
|
1,193,517 |
|
Additions |
- |
|
- |
|
4,102 |
|
4,102 |
|
Disposals |
- |
|
- |
|
(300) |
|
(300) |
|
At 31 August 2018 |
1,180,001 |
|
11,816 |
|
5,502 |
|
1,197,319 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2017 |
- |
|
5,321 |
|
1,134 |
|
6,455 |
|
Charge for the year |
- |
|
2,002 |
|
609 |
|
2,611 |
|
On disposals |
- |
|
- |
|
(300) |
|
(300) |
|
At 31 August 2018 |
- |
|
7,323 |
|
1,443 |
|
8,766 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2018 |
1,180,001 |
|
4,493 |
|
4,059 |
|
1,188,553 |
|
At 31 August 2017 |
1,180,001 |
|
6,495 |
|
566 |
|
1,187,062 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2018 |
|
2017 |
£ |
£ |
|
Historical cost |
950,404 |
|
950,404 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
950,404 |
|
950,404 |
|
The investment property included in Land and Buildings was revalued to £1,180,001 at 31 August 2017 |
|
|
3 |
Debtors |
2018 |
|
2017 |
£ |
£ |
|
|
Prepayments |
|
|
|
|
27,648 |
|
- |
|
Other debtors |
5,000 |
|
5,000 |
|
|
|
|
|
|
32,648 |
|
5,000 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
|
Accruals |
17,375 |
|
17,375 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
£ |
£ |
|
|
Secured debts |
872,508 |
|
734,400 |
|
Amounts owed to directors |
|
565,857 |
|
540,183 |
|
Other creditors |
98,174 |
|
110,600 |
|
|
|
|
|
|
1,536,539 |
|
1,385,183 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans |
2018 |
|
2017 |
£ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
872,508 |
|
734,400 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
872,508 |
|
734,400 |
|
|
|
|
|
|
|
|
|
|
This loan is secured with a charge over the investment property
|
|
|
7 |
Other information |
|
|
MOUNT ABU CAPITAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
3rd Floor, 14 Hanover Street |
|
Mayfair |
|
London |
|
W1S 1YH |