Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01458440 Mr S M Freeman Mr A Troup Mrs R Zaganelli iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01458440 2023-03-31 01458440 2024-03-31 01458440 2023-04-01 2024-03-31 01458440 frs-core:CurrentFinancialInstruments 2024-03-31 01458440 frs-core:ShareCapital 2024-03-31 01458440 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01458440 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01458440 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01458440 frs-bus:SmallEntities 2023-04-01 2024-03-31 01458440 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01458440 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01458440 frs-bus:Director1 2023-04-01 2024-03-31 01458440 frs-bus:Director2 2023-04-01 2024-03-31 01458440 frs-bus:Director3 2023-04-01 2024-03-31 01458440 frs-countries:EnglandWales 2023-04-01 2024-03-31 01458440 2022-03-31 01458440 2023-03-31 01458440 2022-04-01 2023-03-31 01458440 frs-core:CurrentFinancialInstruments 2023-03-31 01458440 frs-core:ShareCapital 2023-03-31 01458440 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 01458440
21 Montagu Square Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 01458440
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,355 780
Cash at bank and in hand 18,003 18,476
20,358 19,256
Creditors: Amounts Falling Due Within One Year 5 (8,297 ) (6,816 )
NET CURRENT ASSETS (LIABILITIES) 12,061 12,440
TOTAL ASSETS LESS CURRENT LIABILITIES 12,061 12,440
NET ASSETS 12,061 12,440
CAPITAL AND RESERVES
Called up share capital 6 3 3
Income Statement 12,058 12,437
SHAREHOLDERS' FUNDS 12,061 12,440
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 Income Statement.
On behalf of the board
Mr A Troup
Director
14/12/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
21 Montagu Square Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01458440 . The registered office is 21 Montagu Square, London, W1H 2LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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 statement of financial position date.
2.5. Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6. 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.
2.7. Critical Accounting Judgements And Key Sources Of Estimation Uncertainity
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,355 780
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,482 -
Accruals and deferred income 6,815 6,816
8,297 6,816
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
The nominal value per share is £1 and as at 31 March 2024 there are 3 Ordinary Shares in issue.
Page 3