Company Registration No. 05307480 (England and Wales)
Montpellier Asset Management Limited
Unaudited accounts
for the year ended 31 December 2021
Montpellier Asset Management Limited
Unaudited accounts
Contents
Montpellier Asset Management Limited
Company Information
for the year ended 31 December 2021
Company Number
05307480 (England and Wales)
Registered Office
7 Imperial Square
Cheltenham
Gloucester
GL50 1QB
Accountants
David H Davies & Co.
45 Etnam Street
Leominster
Herefordshire
HR6 8AE
Montpellier Asset Management Limited
Statement of financial position
as at 31 December 2021
Intangible assets
619,214
100,000
Tangible assets
10,747
11,574
Investments
68,000
575,500
Cash at bank and in hand
214,752
143,946
Creditors: amounts falling due within one year
(418,238)
(299,519)
Net current liabilities
(203,486)
(150,909)
Total assets less current liabilities
494,475
536,165
Creditors: amounts falling due after more than one year
(170,721)
(368,113)
Net assets
323,754
168,052
Called up share capital
100
100
Profit and loss account
323,654
167,952
Shareholders' funds
323,754
168,052
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2022 and were signed on its behalf by
S Whitney
Director
Company Registration No. 05307480
Montpellier Asset Management Limited
Notes to the Accounts
for the year ended 31 December 2021
Montpellier Asset Management Limited is a private company, limited by shares, registered in England and Wales, registration number 05307480. The registered office is 7 Imperial Square, Cheltenham, Gloucester, GL50 1QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to clients.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Goodwill is not being amortised
4
Intangible fixed assets
Goodwill
At 31 December 2021
619,214
At 31 December 2021
619,214
At 31 December 2020
100,000
Montpellier Asset Management Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Tangible fixed assets
Plant & machinery
At 31 December 2021
23,858
At 31 December 2021
13,111
At 31 December 2021
10,747
At 31 December 2020
11,574
6
Investments
Subsidiary undertakings
Valuation at 1 January 2021
575,500
Valuation at 31 December 2021
68,000
7
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
-
3,826
8
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
59,420
48,310
Trade creditors
20,399
9,144
Taxes and social security
79,747
54,877
Loans from directors
124,960
187,188
9
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
170,721
228,113
Montpellier Asset Management Limited
Notes to the Accounts
for the year ended 31 December 2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
99 A Ordinary Shares of £1 each
99
99
11
Average number of employees
During the year the average number of employees was 4 (2020: 3).