Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 9 August 2021 false 28 June 2024 1 January 2023 31 December 2023 31 December 2023 13554963 Alok Dubey Casper Rasmussen Max Scherer Monta Aps true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13554963 2022-12-31 13554963 2023-12-31 13554963 2023-01-01 2023-12-31 13554963 frs-core:CurrentFinancialInstruments 2023-12-31 13554963 frs-core:ShareCapital 2023-12-31 13554963 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13554963 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13554963 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13554963 frs-bus:SmallEntities 2023-01-01 2023-12-31 13554963 frs-bus:Audited 2023-01-01 2023-12-31 13554963 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13554963 1 2023-01-01 2023-12-31 13554963 frs-bus:Director1 2023-01-01 2023-12-31 13554963 frs-bus:Director2 2023-01-01 2023-12-31 13554963 frs-bus:Director3 2023-01-01 2023-12-31 13554963 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 13554963 frs-core:CurrentFinancialInstruments 1 2023-12-31 13554963 frs-countries:EnglandWales 2023-01-01 2023-12-31 13554963 frs-countries:Denmark 2023-01-01 2023-12-31 13554963 2021-08-08 13554963 2022-12-31 13554963 2021-08-09 2022-12-31 13554963 frs-core:CurrentFinancialInstruments 2022-12-31 13554963 frs-core:ShareCapital 2022-12-31 13554963 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 13554963 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 13554963
Monta Platform Ltd
Financial Statements
For The Year Ended 31 December 2023
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13554963
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 33,254 26,582
Cash at bank and in hand 158,219 102,458
191,473 129,040
Creditors: Amounts Falling Due Within One Year 5 (171,088 ) (155,663 )
NET CURRENT ASSETS (LIABILITIES) 20,385 (26,623 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,385 (26,623 )
NET ASSETS/(LIABILITIES) 20,385 (26,623 )
CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Profit and Loss Account 10,385 (36,623 )
SHAREHOLDERS' FUNDS 20,385 (26,623)
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 28 June 2024 and were signed on its behalf by:
Casper Rasmussen
Director
28 June 2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Monta Platform Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13554963 . The registered office is 1 Chamberlain Square, Birmingham, B3 3AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Company's ultimate parent has issued a letter of support obligating them to support the Company financially in the form of loans or investments to the extent necessary to finance its operating activities and to settle its financial obligations when they fall due. 
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Based in the letter of support revceived the annual report is prepared under the going concern assumption. 
2.3. Turnover
Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.5. Foreign Currencies
Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 8)
9 8
4. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Prepayments and accrued income 28,757 13,095
VAT 4,497 13,487
33,254 26,582
5. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 8,791 6,499
Corporation tax 3,023 -
Other taxes and social security 35,713 13,257
Pension liability 20,598 2,083
Accruals and deferred income 8,750 81,500
Amounts owed to parent undertaking 94,213 52,324
171,088 155,663
6. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
7. Related Party Disclosures
There were no loans to or from the Directors during the period. 
Monta ApSParent company (100% shareholding)The Company was under control of Monta ApS (parent company) throughout the whole period. The amount shown in note 7 of £94,213 (2002 £52,324), is owed to Monta ApS, a company registered in Denmark. Monta ApS holds 100% of the shares in the Company. This is covered by a promissory note with Monta ApS up to the sum of DKK 550,000 (£63,4966 at 31/12/23). Interest will accrue on the unpaid principal at a rate equal to 5% per annum, compounded annually.

Monta ApS

Parent company (100% shareholding)

The Company was under control of Monta ApS (parent company) throughout the whole period. The amount shown in note 7 of £94,213 (2002 £52,324), is owed to Monta ApS, a company registered in Denmark. Monta ApS holds 100% of the shares in the Company. This is covered by a promissory note with Monta ApS up to the sum of DKK 550,000 (£63,4966 at 31/12/23). Interest will accrue on the unpaid principal at a rate equal to 5% per annum, compounded annually.

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8. Controlling Parties
The company's immediate parent undertaking is Monta ApS .
The ultimate parent undertaking is Monta Holding ApS (incorporated in Denmark). Its registered office is Strandboulevarden 122,5, DK-2100 Copenhagen .
Copies of the group accounts may be obtained from the company's registered office.
The company's ultimate controlling party is Monta ApS by virtue of their interest in the share capital of the company.
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditors report on the account of Monta Platform Ltd for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Dalvir S. Johal CA (Senior Statutory Auditor) for and on behalf of Ballantyne and Company , Statutory Auditor
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