REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 December 2022 |
for |
Montrose Global LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 December 2022 |
for |
Montrose Global LLP |
Montrose Global LLP (Registered number: OC350238) |
Contents of the Financial Statements |
for the year ended 30 December 2022 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Montrose Global LLP |
General Information |
for the year ended 30 December 2022 |
Designated members: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Montrose Global LLP (Registered number: OC350238) |
Balance Sheet |
30 December 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
Net assets attributable to members | 1,684,756 | 1,681,529 |
Loans and other debts due to members | 10 | 1,190,438 | 1,187,211 |
Members' other interests |
Capital accounts | 494,318 | 494,318 |
1,684,756 | 1,681,529 |
Total members' interests |
Loans and other debts due to members | 10 | 1,190,438 | 1,187,211 |
Members' other interests | 494,318 | 494,318 |
Amounts due from members | 6 | (2,571,863 | ) | (2,302,547 | ) |
(887,107 | ) | (621,018 | ) |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
Montrose Global LLP (Registered number: OC350238) |
Balance Sheet - continued |
30 December 2022 |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP and authorised for issue on |
Montrose Global LLP (Registered number: OC350238) |
Notes to the Financial Statements |
for the year ended 30 December 2022 |
1. | Statutory information |
Montrose Global LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The members have agreed to financially support the business for the next 12 months, from the date of this report, and therefore believe the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Government grants |
Grants are accounted for under the accruals model as permitted by FRS102. Grants of a revenue nature are recognised in the income statement in the same period as the related expenditure. The company has taken advantage of one of the local government grants and, consistent with the point above, income has been classified as other income in the income statement. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
3. | Employee information |
The average number of employees during the year was |
Montrose Global LLP (Registered number: OC350238) |
Notes to the Financial Statements - continued |
for the year ended 30 December 2022 |
4. | Tangible fixed assets |
Improvements | Plant and |
to property | machinery | Totals |
£ | £ | £ |
Cost |
At 31 December 2021 |
Disposals | ( |
) | ( |
) | ( |
) |
At 30 December 2022 |
Depreciation |
At 31 December 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 30 December 2022 |
Net book value |
At 30 December 2022 |
At 30 December 2021 |
5. | Fixed asset investments |
Investments (neither listed nor unlisted) were as follows: |
2022 | 2021 |
£ | £ |
Investments | 25,000 | 25,000 |
6. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
7. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans |
Montrose Global LLP (Registered number: OC350238) |
Notes to the Financial Statements - continued |
for the year ended 30 December 2022 |
9. | Leasing agreements |
At the balance sheet date the limited liability partnership had outstanding commitments for future |
minimum lease payments under non-cancellable operating leases for £Nil (2021: £33,975). |
10. | Loans and other debts due to members |
2022 | 2021 |
£ | £ |
Amounts owed to members in respect of profits | 1,190,438 | 1,187,211 |
Falling due within one year | 1,190,438 | 1,187,211 |
In the event of a winding up the amounts included in "Loans and other debts due to members" will |
rank equally with unsecured creditors. |
11. | Ultimate controlling party |
The ultimate controlling party of Montrose Global LLP by virtue of their stake in the business is R C Eyre. |