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REGISTERED NUMBER: 11511093 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2023

for

Monte Hospitality (Blackburn) Ltd

Monte Hospitality (Blackburn) Ltd (Registered number: 11511093)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Monte Hospitality (Blackburn) Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: I Ali
Z V Issa
M Issa





REGISTERED OFFICE: Waterside Head Office
Haslingden Road
Guide
Blackburn
Lancashire
BB1 2FA





REGISTERED NUMBER: 11511093 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Morton House
12 Appletongate
Newark
Nottinghamshire
NG24 1JY

Monte Hospitality (Blackburn) Ltd (Registered number: 11511093)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,067 661,612

CURRENT ASSETS
Stocks 12,424 11,775
Debtors 5 686,769 543,635
Cash at bank 395,809 1,535,882
1,095,002 2,091,292
CREDITORS
Amounts falling due within one year 6 930,594 2,722,639
NET CURRENT ASSETS/(LIABILITIES) 164,408 (631,347 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,475

30,265

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 220,375 30,165
SHAREHOLDERS' FUNDS 220,475 30,265

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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:




Z V Issa - Director



M Issa - Director


Monte Hospitality (Blackburn) Ltd (Registered number: 11511093)

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

1. STATUTORY INFORMATION

Monte Hospitality (Blackburn) 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.

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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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.

Monte Hospitality (Blackburn) Ltd (Registered number: 11511093)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 44 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,979,074 18,241 1,997,315
Additions 84,101 - 84,101
At 31 December 2023 2,063,175 18,241 2,081,416
DEPRECIATION
At 1 January 2023 1,323,036 12,667 1,335,703
Charge for year 684,072 5,574 689,646
At 31 December 2023 2,007,108 18,241 2,025,349
NET BOOK VALUE
At 31 December 2023 56,067 - 56,067
At 31 December 2022 656,038 5,574 661,612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 152,199 110,564
Amounts owed by group undertakings 200,000 200,000
Other debtors 334,570 233,071
686,769 543,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 81,439 100,988
Amounts owed to group undertakings 500,238 2,303,085
Taxation and social security 194,377 173,361
Other creditors 154,540 145,205
930,594 2,722,639

7. DEFERRED TAX
£   
Balance at 1 January 2023 (172,705 )
Credit to Income Statement during year (93,200 )
Balance at 31 December 2023 (265,905 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Monte Hospitality (Blackburn) Ltd (Registered number: 11511093)

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw BSc FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited