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REGISTERED NUMBER: OC350238 (England and Wales)















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: R C Eyre
Montrose Aircraft Leasing Pte Ltd





Registered office: 3rd Floor
8-10 Lower James Street
London
W1F 9EL





Registered number: OC350238 (England and Wales)





Accountants: Haines Watts South East LLP
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 - 2,590
Investments 5 25,000 25,000
25,000 27,590

Current assets
Debtors 6 3,785,922 3,517,413
Cash at bank and in hand 1,250 32,804
3,787,172 3,550,217
Creditors
Amounts falling due within one year 7 2,097,493 1,856,587
Net current assets 1,689,679 1,693,630
Total assets less current liabilities 1,714,679 1,721,220

Creditors
Amounts falling due after more than one
year

8

29,923

39,691
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 LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 December 2022.

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


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 8 November 2023 and were signed by:





R C Eyre - Designated member

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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost

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 3 (2021 - 3 ) .

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 48,904 35,885 84,789
Disposals (48,904 ) (35,885 ) (84,789 )
At 30 December 2022 - - -
Depreciation
At 31 December 2021 48,904 33,295 82,199
Charge for year - 1,120 1,120
Eliminated on disposal (48,904 ) (34,415 ) (83,319 )
At 30 December 2022 - - -
Net book value
At 30 December 2022 - - -
At 30 December 2021 - 2,590 2,590

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 582,028 582,028
Amounts owed by group undertakings 632,031 632,838
Other debtors 2,571,863 2,302,547
3,785,922 3,517,413

7. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 14,713 9,527
Trade creditors 14,306 9,536
Amounts owed to group undertakings 2,008,171 1,808,876
Taxation and social security 57,988 25,783
Other creditors 2,315 2,865
2,097,493 1,856,587

8. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans 29,923 39,691

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.