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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
Page
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Montpellier Asset Management Limited Company Information for the year ended 31 December 2021
Director
S Whitney
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
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Montpellier Asset Management Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
619,214 
100,000 
Tangible assets
10,747 
11,574 
Investments
68,000 
575,500 
697,961 
687,074 
Current assets
Debtors
- 
4,664 
Cash at bank and in hand
214,752 
143,946 
214,752 
148,610 
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 
Capital and reserves
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
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Montpellier Asset Management Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets
Goodwill is not being amortised
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2021
100,000 
Additions
519,214 
At 31 December 2021
619,214 
Amortisation
At 1 January 2021
- 
At 31 December 2021
- 
Net book value
At 31 December 2021
619,214 
At 31 December 2020
100,000 
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Montpellier Asset Management Limited Notes to the Accounts for the year ended 31 December 2021
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2021
23,253 
Additions
605 
At 31 December 2021
23,858 
Depreciation
At 1 January 2021
11,679 
Charge for the year
1,432 
At 31 December 2021
13,111 
Net book value
At 31 December 2021
10,747 
At 31 December 2020
11,574 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2021
575,500 
Additions
8,650 
Disposals
(516,150)
Valuation at 31 December 2021
68,000 
7
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
- 
838 
Accrued income and prepayments
- 
3,826 
- 
4,664 
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 
Other creditors
133,712 
- 
Loans from directors
124,960 
187,188 
418,238 
299,519 
9
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
170,721 
228,113 
Other creditors
- 
140,000 
170,721 
368,113 
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Montpellier Asset Management Limited Notes to the Accounts for the year ended 31 December 2021
10
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
99 A Ordinary Shares of £1 each
99 
99 
100 
100 
11
Average number of employees
During the year the average number of employees was 4 (2020: 3).
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