Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08753865 Mr Carlos Montesinos Carmona Carlos Montesinos Carmona true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08753865 2022-10-31 08753865 2023-10-31 08753865 2022-11-01 2023-10-31 08753865 frs-core:CurrentFinancialInstruments 2023-10-31 08753865 frs-core:ShareCapital 2023-10-31 08753865 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08753865 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08753865 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08753865 frs-bus:SmallEntities 2022-11-01 2023-10-31 08753865 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08753865 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08753865 1 2022-11-01 2023-10-31 08753865 frs-bus:Director1 2022-11-01 2023-10-31 08753865 frs-bus:Director1 2022-10-31 08753865 frs-bus:Director1 2023-10-31 08753865 frs-countries:EnglandWales 2022-11-01 2023-10-31 08753865 2021-10-31 08753865 2022-10-31 08753865 2021-11-01 2022-10-31 08753865 frs-core:CurrentFinancialInstruments 2022-10-31 08753865 frs-core:ShareCapital 2022-10-31 08753865 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08753865
Montesinos UK Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08753865
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 8,666 21,873
Cash at bank and in hand 19,991 2,504
28,657 24,377
Creditors: Amounts Falling Due Within One Year 5 (16,244 ) (16,122 )
NET CURRENT ASSETS (LIABILITIES) 12,413 8,255
TOTAL ASSETS LESS CURRENT LIABILITIES 12,413 8,255
NET ASSETS 12,413 8,255
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 12,412 8,254
SHAREHOLDERS' FUNDS 12,413 8,255
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Carlos Montesinos Carmona
Director
26/07/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Montesinos UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08753865 . The registered office is 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 720
Prepayments and accrued income - 500
Other debtors 8,666 20,653
8,666 21,873
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 648 3,077
VAT 784 129
Director's loan account 14,812 12,916
16,244 16,122
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 2
Page 3
7. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Carlos Montesinos Carmona 12,916 1,896 - - 14,812
The above loan is unsecured, interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is Carlos Montesinos Carmona by Ownership of shares – 75% or more of the issued share capital in the company.
Page 3