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REGISTERED NUMBER: 05188199 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

MONTAGUE PLACE (L1) LIMITED

MONTAGUE PLACE (L1) LIMITED (REGISTERED NUMBER: 05188199)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONTAGUE PLACE (L1) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mr M A Peters





SECRETARY: Mr M A Peters





REGISTERED OFFICE: c/o Westbourne School
4 Hickman Road
Penarth
Vale of Glamorgan
CF64 2AJ





REGISTERED NUMBER: 05188199 (England and Wales)





ACCOUNTANT: Linghams Chartered Accountants
(Lingham Accountancy Limited)
(Part of the Waterfront Accountancy Group Limited)
7-8 Raleigh Walk
Waterfront 2000
Brigantine Place
Cardiff
South Glamorgan
CF10 4LN

MONTAGUE PLACE (L1) LIMITED (REGISTERED NUMBER: 05188199)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,505
Tangible assets 5 160,794 166,493
160,794 171,998

CURRENT ASSETS
Debtors 6 176,133 302,833
Cash at bank and in hand 2,814 717
178,947 303,550
CREDITORS
Amounts falling due within one year 7 377,291 391,641
NET CURRENT LIABILITIES (198,344 ) (88,091 )
TOTAL ASSETS LESS CURRENT LIABILITIES (37,550 ) 83,907

PROVISIONS FOR LIABILITIES - 577
NET (LIABILITIES)/ASSETS (37,550 ) 83,330

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 27,018 27,018
Retained earnings (64,569 ) 56,311
SHAREHOLDERS' FUNDS (37,550 ) 83,330

MONTAGUE PLACE (L1) LIMITED (REGISTERED NUMBER: 05188199)

BALANCE SHEET - continued
31 AUGUST 2023


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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Mr M A Peters - Director


MONTAGUE PLACE (L1) LIMITED (REGISTERED NUMBER: 05188199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Montague Place (L1) Limited 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.

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 as modified by the revaluation of certain assets.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MONTAGUE PLACE (L1) LIMITED (REGISTERED NUMBER: 05188199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 194,284
AMORTISATION
At 1 September 2022 188,779
Charge for year 5,505
At 31 August 2023 194,284
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 5,505

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2022
and 31 August 2023 254,551 14,862 269,413
DEPRECIATION
At 1 September 2022 91,098 11,822 102,920
Charge for year 5,091 608 5,699
At 31 August 2023 96,189 12,430 108,619
NET BOOK VALUE
At 31 August 2023 158,362 2,432 160,794
At 31 August 2022 163,453 3,040 166,493

Cost or valuation at 31 August 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2005 27,018 - 27,018
Cost 227,533 14,862 242,395
254,551 14,862 269,413

MONTAGUE PLACE (L1) LIMITED (REGISTERED NUMBER: 05188199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.8.23 31.8.22
£    £   
Cost 227,533 227,533
Aggregate depreciation 86,469 81,918

Value of land in freehold land and buildings 141,064 145,615

The freehold and leasehold land and buildings were valued on an open market basis at 31st August 2005. This valuation is still considered to be materially correct.

If these properties were sold for their revalued amounts it would be necessary to replace them with similar property, and rollver relief against tax on the gain would be available. Accordingly, no timing differences arise and no provision has been made for deferred tax in respect of the revaluation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors - 127,848
Other debtors 176,133 174,985
176,133 302,833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors - 3,770
Amounts owed to group undertakings 376,499 376,499
Taxation and social security - 9,972
Other creditors 792 1,400
377,291 391,641

8. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 27,018

MONTAGUE PLACE (L1) LIMITED (REGISTERED NUMBER: 05188199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

9. RELATED PARTY DISCLOSURES

Montague Place (L1) Limited is a wholly owned subsidiary of Montague Place Limited which is registered in England and Wales.
The Parent Company's bank loans have been secured from cross guarantees and security given by the Subsidiary.

YEAR END BALANCES INCLUDED DEBTORS NOTE 7

Due from Subsidiaries £ 176,133 included within other debtors (FY 2022 £ 174,865)

YEAR END BALANCES INCLUDED IN CREDITORS NOTE 8

Due to Parent Company £ 376,499 (FY 2022 £ 376.499)