Registered number
12125125
Montpelier Holdings Limited
Filleted Financial Statements
31 December 2023
Montpelier Holdings Limited
Registered number: 12125125
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 3,000,000 2,001,000
Current assets
Debtors 4 504,800 1,000
Creditors: amounts falling due within one year 5 (1,002,800) (504,500)
Net current liabilities (498,000) (503,500)
Net assets 2,502,000 1,497,500
Capital and reserves
Called up share capital 2,502,000 1,502,000
Profit and loss account - (4,500)
Shareholders' funds 2,502,000 1,497,500
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors report and statement of income and retained earnings have not been delivered to the Registrar of Companies.
G Fry
Director
Approved by the board on 4 June 2024
Montpelier Holdings Limited
Notes to the Financial Statements
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company was incorporated on 26 July 2019.
Turnover
The company has no trading or investment activities of its own. It simply acts as the ultimate holding company for Montpelier Properties Limited and Montpelier Portfolio Limited which are 100% subsidiaries.
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses. There are no changes in fair value of the investments. See note 3.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
No current tax liability is recognised for current period. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2023 2,001,000 - 2,001,000
Additions 999,000 - 999,000
At 31 December 2023 3,000,000 - 3,000,000
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
Montpelier Properties Limited Ordinary 100 4,000,179 66,447
Montpelier Portfolio Limited Ordinary 100 3,068,100 1,411,825
4 Debtors 2023 2022
£ £
Intercompany loan 503,800 -
Other debtors 1,000 1,000
504,800 1,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Intercompany loan 2,000 1,500
Other creditors 1,000,800 503,000
1,002,800 504,500
6 Other information
Montpelier Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
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