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REGISTERED NUMBER: 11499671 (England and Wales)














MONTALBANO GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 30 APRIL 2023






MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


MONTALBANO GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 APRIL 2023







DIRECTOR: S Sciacca





REGISTERED OFFICE: 9 Acorn Road
Tenterden
Kent
TN30 7FA





REGISTERED NUMBER: 11499671 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

BALANCE SHEET
30 APRIL 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,300 171,782
Investments 5 400 400
163,700 172,182

CURRENT ASSETS
Debtors 6 1,406 7,408

CREDITORS
Amounts falling due within one year 7 154,325 168,543
NET CURRENT LIABILITIES (152,919 ) (161,135 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,781

11,047

PROVISIONS FOR LIABILITIES 40,376 -
NET (LIABILITIES)/ASSETS (29,595 ) 11,047

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings (29,895 ) 10,747
SHAREHOLDERS' FUNDS (29,595 ) 11,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:



S Sciacca - Director


MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 APRIL 2023


1. STATUTORY INFORMATION

Montalbano Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Montalbano Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 122,111 94,734 6,897 223,742
Additions - 2,577 416 2,993
At 30 April 2023 122,111 97,311 7,313 226,735
DEPRECIATION
At 1 November 2022 25,367 24,762 1,831 51,960
Charge for period 6,105 4,865 505 11,475
At 30 April 2023 31,472 29,627 2,336 63,435
NET BOOK VALUE
At 30 April 2023 90,639 67,684 4,977 163,300
At 31 October 2022 96,744 69,972 5,066 171,782

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 30 April 2023 400
NET BOOK VALUE
At 30 April 2023 400
At 31 October 2022 400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other debtors 1,406 7,408

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Taxation and social security 1,823 -
Other creditors 152,502 168,543
154,325 168,543

MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 30 APRIL 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as
restated
£    £   
300 Ordinary £1 300 300

9. RELATED PARTY DISCLOSURES

Montalbano Group Limited is the ultimate parent company in a group.

Bottega Montalbano Limited is a subsidiary and at the year end the company owed Bottega Montalbano Limited £66,270 (2022: £66,446).This is interest free as are all the intercompany loans.

Ciclopi Limited is a subsidiary company and at the end of the year the company owed Ciclopi Limited £83,993 (2022: £100,918).

Both of these balances are included in other creditors.

The company has claimed exemption from disclosing detailed related party transactions as all the
above companies are all wholly owned subsidiaries in the group.

10. GOING CONCERN

The company remains a going concern on the basis that the wholly owned subsidiaries have sufficient reserves to support the parent company.