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REGISTERED NUMBER: 08407689 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Montagu West Limited

Montagu West Limited (Registered number: 08407689)






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


Montagu West Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs S R Mcphee
Mrs L M Walder





REGISTERED OFFICE: 10 Marvell Green
Meldreth
Royston
SG8 6GN





REGISTERED NUMBER: 08407689 (England and Wales)





ACCOUNTANTS: Search Accountancy Limited
The Junction
Charles Street
Horbury
Wakefield
West Yorkshire
WF4 5FH

Montagu West Limited (Registered number: 08407689)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,739 5,702
Investments 5 15 15
3,754 5,717

CURRENT ASSETS
Debtors 6 167,016 163,549
Cash at bank 1,300 70,273
168,316 233,822
CREDITORS
Amounts falling due within one year 7 156,221 187,743
NET CURRENT ASSETS 12,095 46,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,849

51,796

CREDITORS
Amounts falling due after more than one
year

8

(9,453

)

(12,596

)

PROVISIONS FOR LIABILITIES (879 ) (1,426 )
NET ASSETS 5,517 37,774

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,515 37,772
5,517 37,774

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.

Montagu West Limited (Registered number: 08407689)

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 22 August 2024 and were signed on its behalf by:





Mrs L M Walder - Director


Montagu West Limited (Registered number: 08407689)

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

1. STATUTORY INFORMATION

Montagu West 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.

Turnover
Revenue 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.
Plant and machinery - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Montagu West Limited (Registered number: 08407689)

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

2. ACCOUNTING POLICIES - continued

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 January 2023 15,061
Additions 515
At 31 December 2023 15,576
DEPRECIATION
At 1 January 2023 9,359
Charge for year 2,478
At 31 December 2023 11,837
NET BOOK VALUE
At 31 December 2023 3,739
At 31 December 2022 5,702

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 15
NET BOOK VALUE
At 31 December 2023 15
At 31 December 2022 15

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 21,600 8,400
Amounts owed by group undertakings 142,424 144,889
Other debtors 1,792 -
Prepayments 1,200 10,260
167,016 163,549

Montagu West Limited (Registered number: 08407689)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 5,000 5,000
Trade creditors 7,131 7,932
Tax 33,915 26,591
Social security and other taxes 2,848 61,924
VAT 33,541 24,325
Other creditors 3,029 -
Directors' loan accounts 63,836 37,389
Accrued expenses 6,921 24,582
156,221 187,743

The amount of £5,000 (2022: £5,000) included in creditors due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 9,453 12,596

The amount of £9,453 (2022: £12,596) included in creditors due after one year is subject to a UK
Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,000 5,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,453 12,596

10. RELATED PARTY DISCLOSURES

Amount due from the related party Fifteen West Inc as at the balance sheet date was £142,423.68 (2022 £144,889.42).