Company registration number 09129701 (England and Wales)
MONTAGUE TSK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
MONTAGUE TSK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MONTAGUE TSK LIMITED
BALANCE SHEET
AS AT 31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28
233
Current assets
Stocks
1,952,450
1,587,923
Debtors
4
10,348
576
Cash at bank and in hand
207,001
379,124
2,169,799
1,967,623
Creditors: amounts falling due within one year
5
(1,859,165)
(1,658,945)
Net current assets
310,634
308,678
Net assets
310,662
308,911
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
310,659
308,908
Total equity
310,662
308,911

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 5 February 2024 and are signed on its behalf by:
R Kainth
Director
Company registration number 09129701 (England and Wales)
MONTAGUE TSK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information

Montague TSK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Finsgate, 5-7 Cranwood Street, London, EC1V 9EE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for property development activities provided in the normal course of business, and is shown net of VAT where applicable.

Revenue from the sale of property is recognised on completion.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33.33% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
MONTAGUE TSK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 and 31 July 2023
2,029
Depreciation and impairment
At 1 August 2022
1,796
Depreciation charged in the year
205
At 31 July 2023
2,001
Carrying amount
At 31 July 2023
28
At 31 July 2022
233
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
10,348
576
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
513
-
0
Other creditors
1,858,652
1,658,945
1,859,165
1,658,945
6
Related party transactions

At the year end the company owed £1,852,192 (2022: £1,652,192) to R Kainth and £965 (2022: £2,965) to A Kainth, the directors of the company, in respect of interest free loans repayable on demand.

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