Company Registration No. 05307480 (England and Wales)
Montpellier Asset Management Limited
Unaudited accounts
for the year ended 31 December 2023
Montpellier Asset Management Limited
Unaudited accounts
Contents
Montpellier Asset Management Limited
Company Information
for the year ended 31 December 2023
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 2023
Intangible assets
619,214
619,214
Tangible assets
83,074
34,672
Cash at bank and in hand
142,027
165,214
Creditors: amounts falling due within one year
(237,602)
(219,542)
Net current liabilities
(95,575)
(54,328)
Total assets less current liabilities
606,713
599,558
Creditors: amounts falling due after more than one year
(65,407)
(119,026)
Net assets
541,306
480,532
Called up share capital
100
100
Profit and loss account
541,206
480,432
Shareholders' funds
541,306
480,532
For the year ending 31 December 2023 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 30 January 2024 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 2023
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 2023
619,214
At 31 December 2023
619,214
At 31 December 2022
619,214
Montpellier Asset Management Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
57,190
-
57,190
Additions
3,570
65,975
69,545
At 31 December 2023
60,760
65,975
126,735
At 1 January 2023
22,518
-
22,518
Charge for the year
7,948
13,195
21,143
At 31 December 2023
30,466
13,195
43,661
At 31 December 2023
30,294
52,780
83,074
At 31 December 2022
34,672
-
34,672
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
59,110
59,110
Obligations under finance leases and hire purchase contracts
55,341
-
Trade creditors
14,198
16,303
Taxes and social security
100,542
71,040
Loans from directors
8,411
73,089
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
99 A Ordinary Shares of £1 each
99
99
9
Average number of employees
During the year the average number of employees was 6 (2022: 5).