Mount_Street_Investments_ - Accounts

MOUNT STREET INVESTMENTS LIMITED - Company Information

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Company Registration No. 09502084 (England and Wales)

Mount Street Investments Limited

Unaudited abbreviated financial statements

For the period ended 27 February 2016

MOUNT STREET INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MOUNT STREET INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

27 FEBRUARY 2016

- 1 -

2016

Notes

Fixed assets

Investments

540

Current assets

Debtors

2,487,256

Cash at bank and in hand

9,441

2,496,697

Creditors: amounts falling due within one year

(2,431,062)

Net current assets

65,635

Total assets less current liabilities

66,175

Capital and reserves

Called up share capital

Profit and loss account

66,165

Shareholders' funds

66,175

For the financial period ended 27 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 April 2017

D R Meller

Director

Company Registration No. 09502084

MOUNT STREET INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 27 FEBRUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Investments

Fixed asset investments are stated at cost.

Going Concern

The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from related entities to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

MOUNT STREET INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 27 FEBRUARY 2016

- 3 -

Fixed assets investments

Cost

At 20 March 2015

Additions

540

At 27 February 2016

540

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Secure Sleep Properties LLP

England and Wales

Equity

40.00

Berkshire Assets (Slough) Limited

England and Wales

Ordinary

50.00

Berkshire Assets (Wokingham) Limited

England and Wales

Ordinary

50.00

Paradigm Land (Woolwich) Limited

England and Wales

Ordinary

40.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

Principal activity

Secure Sleep Properties LLP

Property development

1,011,504

(12,500)

Berkshire Assets (Slough) Limited

Property development

Berkshire Assets (Wokingham) Limited

Property development

Paradigm Land (Woolwich) Limited

Property development

The results for Secure Sleep Properties LLP are in relation to the financial statements prepared for the period to 30 April 2015.

No financial statements have been prepared as yet for Berkshire Assets (Slough) Limited, Berkshire Assets (Wokingham) Limited or Paradigm Land (Woolwich) Limited.

Share capital

2016

Allotted, called up and fully paid

10 Ordinary shares of £1 each