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REGISTERED NUMBER: SC657729 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Montclare Facilities Ltd

Montclare Facilities Ltd (Registered number: SC657729)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Montclare Facilities Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Mackinnon





REGISTERED OFFICE: Unit 3 KPP Chartered Accountants
Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC657729 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Montclare Facilities Ltd (Registered number: SC657729)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 50,142 43,251
Investment property 4 576,570 150,000
626,712 193,251

CURRENT ASSETS
Debtors 5 302,764 203,878
Cash at bank 76,554 83,757
379,318 287,635
CREDITORS
Amounts falling due within one year 6 663,609 265,908
NET CURRENT (LIABILITIES)/ASSETS (284,291 ) 21,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,421

214,978

PROVISIONS FOR LIABILITIES 8,662 -
NET ASSETS 333,759 214,978

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 333,659 214,878
333,759 214,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Montclare Facilities Ltd (Registered number: SC657729)

Balance Sheet - continued
31 March 2024


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 27 November 2024 and were signed by:





S Mackinnon - Director


Montclare Facilities Ltd (Registered number: SC657729)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. 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.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Montclare Facilities Ltd (Registered number: SC657729)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 53,325
Additions 21,283
At 31 March 2024 74,608
DEPRECIATION
At 1 April 2023 10,074
Charge for year 14,392
At 31 March 2024 24,466
NET BOOK VALUE
At 31 March 2024 50,142
At 31 March 2023 43,251

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 150,000
Additions 426,570
At 31 March 2024 576,570
NET BOOK VALUE
At 31 March 2024 576,570
At 31 March 2023 150,000

Montclare Facilities Ltd (Registered number: SC657729)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 201,128 188,423
Other debtors 101,636 15,455
302,764 203,878

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 16,438 45,111
Taxation and social security 86,490 70,789
Other creditors 560,681 150,008
663,609 265,908