1 January 2023 false No description of principal activity Taxfiler 2023.12 05307480business:PrivateLimitedCompanyLtd2023-01-012023-12-31 053074802022-12-31 053074802023-01-012023-12-31 05307480business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 05307480business:FilletedAccounts2023-01-012023-12-31 053074802023-12-31 05307480business:Director12023-01-012023-12-31 05307480business:RegisteredOffice2023-01-012023-12-31 053074802022-12-31 05307480core:WithinOneYear2023-12-31 05307480core:WithinOneYear2022-12-31 05307480core:AfterOneYear2023-12-31 05307480core:AfterOneYear2022-12-31 05307480core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 05307480core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 05307480core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 05307480core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 05307480core:PreviouslyStatedAmount2023-12-31 05307480core:PreviouslyStatedAmount2022-12-31 05307480business:SmallEntities2023-01-012023-12-31 05307480countries:EnglandWales2023-01-012023-12-31 05307480core:PlantMachinery2023-01-012023-12-31 05307480core:Goodwill2022-12-31 05307480core:Goodwill2023-12-31 05307480core:PlantMachinery2022-12-31 05307480core:MotorVehicles2022-12-31 05307480core:MotorVehicles2023-01-012023-12-31 05307480core:PlantMachinery2023-12-31 05307480core:MotorVehicles2023-12-31 05307480business:OrdinaryShareClass12023-01-012023-12-31 05307480business:OrdinaryShareClass12022-01-012022-12-31 05307480business:PreferenceShareClass12023-01-012023-12-31 05307480business:PreferenceShareClass12022-01-012022-12-31 053074802022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
Montpellier Asset Management Limited Company Information for the year ended 31 December 2023
Director
S Whitney
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
- 3 -
Montpellier Asset Management Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
619,214 
619,214 
Tangible assets
83,074 
34,672 
702,288 
653,886 
Current assets
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 
Capital and reserves
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
- 4 -
Montpellier Asset Management Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets
Goodwill is not being amortised
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
619,214 
At 31 December 2023
619,214 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
619,214 
At 31 December 2022
619,214 
- 5 -
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 
Depreciation
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 
Net book value
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 
237,602 
219,542 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
65,407 
119,026 
8
Share capital
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 
100 
100 
9
Average number of employees
During the year the average number of employees was 6 (2022: 5).
- 6 -