MONTALTO PROPERTIES LIMITED

Company Registration Number:
NI036760 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

MONTALTO PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

MONTALTO PROPERTIES LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 8,438,783 8,215,794
Total fixed assets: 8,438,783 8,215,794
Current assets
Stocks: 175,201 126,308
Debtors:   63,970 42,020
Cash at bank and in hand: 153,555 477,893
Total current assets: 392,726 646,221
Creditors: amounts falling due within one year:   (488,314) (444,315)
Net current assets (liabilities): (95,588) 201,906
Total assets less current liabilities: 8,343,195 8,417,700
Creditors: amounts falling due after more than one year:   (13,986,433) (13,956,912)
Total net assets (liabilities): (5,643,238) (5,539,212)
Capital and reserves
Called up share capital: 60,000 60,000
Profit and loss account: (5,703,238) (5,599,212)
Shareholders funds: (5,643,238) (5,539,212)

The notes form part of these financial statements

MONTALTO PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 August 2024
and signed on behalf of the board by:

Name: David Wilson
Status: Director

The notes form part of these financial statements

MONTALTO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

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

MONTALTO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 47 46

MONTALTO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 10,513,216
Additions 359,514
Disposals (15,774)
At 31 August 2023 10,856,956
Depreciation
At 01 September 2022 2,297,422
Charge for year 136,525
On disposals (15,774)
At 31 August 2023 2,418,173
Net book value
At 31 August 2023 8,438,783
At 31 August 2022 8,215,794