Company registration number 14633960 (England and Wales)
MONTIGO RESORTS (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
MONTIGO RESORTS (UK) LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
MONTIGO RESORTS (UK) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Current assets
Debtors
3
2,000
Cash at bank and in hand
6,823
8,823
Creditors: amounts falling due within one year
4
(28,008)
Net current liabilities
(19,185)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(19,285)
Total equity
(19,185)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 September 2024 and are signed on its behalf by:
Tuan Kai Tan
Director
Company registration number 14633960 (England and Wales)
MONTIGO RESORTS (UK) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 2 February 2023
-
0
-
0
-
Period ended 31 March 2024:
Loss and total comprehensive income
-
(19,285)
(19,285)
Issue of share capital
100
-
100
Balance at 31 March 2024
100
(19,285)
(19,185)
The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.
MONTIGO RESORTS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Montigo Resorts (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Montigo Resorts Somerset, At Charlton House, Charlton Road, Shepton Mallet, Somerset, BA4 4PR.

1.1
Reporting period

This is the company's first period of incorporation. The company was incorporated on 2 February 2023. The period end date has been extended to 31 March 2024 to align with other group companies. Therefore current period financial statements are presented for a 14 month period.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The company made a loss for the trueperiod ended 31 March 2024 of £19,285 and at 31 March 2024 the company had net current liabilities of £19,185 and net liabilities of £19,185; this includes £22,798 due to the company’s immediate parent company Montigo Resorts Pte Ltd. The company is reliant on the support of its immediate and intermediate parent companies for continuing support. The directors have prepared forecasts and have received confirmation that support from the parent companies will continue for the foreseeable future; on the basis of the forecasts and the continuing support the directors have concluded that the company will be able to settle its debts as they fall due for the foreseeable future and accordingly they have concluded that it is appropriate for the company to continue to adopt the going concern basis in preparation of the financial statements.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MONTIGO RESORTS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
-
0
3
Debtors
2024
Amounts falling due within one year:
£
Amounts owed by group undertakings
2,000
4
Creditors: amounts falling due within one year
2024
£
Trade creditors
4,070
Amounts owed to group undertakings
22,798
Other creditors
1,140
28,008
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mr John Griffiths
Statutory Auditor:
UHY Hacker Young
Date of audit report:
30 September 2024
6
Related party transactions

At the period end the company was owed £2,000 by Charlton Somerset Hospitality Limited, a group company. This amount is included within debtors due within one year.

 

At the period end the company owed £22,798 to Montigo Resorts Pte Ltd, the immediate parent company. This amount is included within creditors due within one year.

 

7
Parent company
MONTIGO RESORTS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
7
Parent company
(Continued)
- 5 -

The company's immediate parent company is Montigo Resorts Pte Ltd, a company incorporated in Singapore; the ultimate parent company is KOP Limited a Singapore incorporated business listed on the Singapore stock exchange. KOP Limited is the parent of the smallest and largest group of which the company is a member for which group accounts are prepared. Copies of KOP Limited group accounts are available from the website: koplimited.com/publications.

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