MONTGOMERY CANAL RECONSTRUCTION LIMITED

Company Registration Number:
11387781 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Company Information

for the Period Ended 31 October 2023




Director: Nicholas Bostock
John Dodwell
Michael Limbrey
Registered office: 26
Bentley Drive
Oswestry
GBR
SY11 1TQ
Company Registration Number: 11387781 (England and Wales)

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

The restoration of the Montgomery Canal to good and navigable order and condition from Welsh Frankton in Shropshire to Newtown in Powys, for the use and benefit of the public.

Directors

The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
Nicholas Bostock
John Dodwell
Michael Limbrey

This report was approved by the board of directors on 11 March 2024
And Signed On Behalf Of The Board By:

Name: Nicholas Bostock
Status: Director

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Profit and Loss Account

for the Period Ended 31 October 2023


Notes

2023
£

2022
£
Turnover 0 13,861
Cost of sales ( 6,746 ) ( 22,429 )
Gross Profit or (Loss) ( 6,746 ) ( 8,568 )
Administrative Expenses ( 3,627 ) ( 13,314 )
Operating Profit or (Loss) ( 10,373 ) ( 21,882 )
Interest Receivable and Similar Income 1,061 178
Profit or (Loss) Before Tax ( 9,312 ) ( 21,704 )
Profit or (Loss) for Period ( 9,312 ) ( 21,704 )

The notes form part of these financial statements

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 2,115 2,495
Total fixed assets: 2,115 2,495
Current assets
Stocks: 820,460 179,306
Debtors: 5 170,303 28,930
Cash at bank and in hand: 910 323,438
Total current assets: 991,673 531,674
Creditors: amounts falling due within one year: 6 ( 154,120 ) ( 159,189 )
Net current assets (liabilities): 837,553 372,485
Total assets less current liabilities: 839,668 374,980
Creditors: amounts falling due after more than one year: 7 ( 960,400 ) ( 486,400 )
Total net assets (liabilities): ( 120,732 ) ( 111,420 )

The notes form part of these financial statements

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 120,832 ) ( 111,520 )
Shareholders funds: ( 120,732 ) ( 111,420 )

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 11 March 2024
And Signed On Behalf Of The Board By:

Name: Nicholas Bostock
Status: Director

The notes form part of these financial statements

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Land & buildings Plant & machinery Total
Cost £ £ £
At 01 November 2022 107 3,082 3,189
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 October 2023 107 3,082 3,189
Depreciation
At 01 November 2022 - 694 694
Charge for year - 380 380
On disposals - - -
Other adjustments - - -
At 31 October 2023 - 1,074 1,074
Net book value
At 31 October 2023 107 2,008 2,115
At 31 October 2022 107 2,388 2,495

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors


2023
£

2022
£
Trade debtors 973
Prepayments and accrued income 267 555
Other debtors 170,036 27,402
Total 170,303 28,930

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 154,120 159,189
Total 154,120 159,189

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 960,400 486,400
Total 960,400 486,400