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REGISTERED NUMBER: 12855173 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Montage Management Services Ltd

Montage Management Services Ltd (Registered number: 12855173)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Montage Management Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G Kondo
E M Scott
H Stuart





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 12855173 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Montage Management Services Ltd (Registered number: 12855173)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,171 6,478

CURRENT ASSETS
Debtors 5 123,821 154,356
Cash at bank 146,792 30,958
270,613 185,314
CREDITORS
Amounts falling due within one year 6 2,424,335 1,336,677
NET CURRENT LIABILITIES (2,153,722 ) (1,151,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,134,551

)

(1,144,885

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,134,552 ) (1,144,886 )
(2,134,551 ) (1,144,885 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Montage Management Services Ltd (Registered number: 12855173)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:




E M Scott - Director H Stuart - Director




G Kondo - Director


Montage Management Services Ltd (Registered number: 12855173)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Montage Management Services Ltd 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.

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.
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Montage Management Services Ltd (Registered number: 12855173)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 7,661
Additions 18,614
At 31 December 2023 26,275
DEPRECIATION
At 1 January 2023 1,183
Charge for year 5,921
At 31 December 2023 7,104
NET BOOK VALUE
At 31 December 2023 19,171
At 31 December 2022 6,478

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 13,162 93,170
Other debtors 1,759 7,205
VAT 5,661 2,212
Prepayments 103,239 51,769
123,821 154,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,720 4,582
Amounts owed to group undertakings 2,358,394 1,302,038
Social security and other taxes 28,319 24,704
Pension Creditor 308 257
Other creditors 1,301 -
Accrued expenses 32,293 5,096
2,424,335 1,336,677

7. RELATED PARTY DISCLOSURES

During the period sales were made to Montage Gold Corp, the parent company amounting to £NIL (2022 - £4,632).

At the year end 31/12/2023 there was an intercompany balance amounting to £2,358,394 (2022 -£1,208,868) owed to Montage Gold Corp.

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Montage Gold Corp, which was incorporated and registered in Canada.

Montage Management Services Ltd (Registered number: 12855173)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. SHARE-BASED PAYMENT TRANSACTIONS

The ultimate parent company, Montage Gold Corp, a Canadian Public Company, has a share option scheme in place.
The purpose of the plan is to allow directors, officers and consultants the opportunity to participate in the profitability of the company by granting such persons options to buy shares of the company at market price prevailing on the date the option is granted.

No expense has been recognised in respect of these share options.