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REGISTERED NUMBER: 11499671 (England and Wales)














MONTALBANO GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


MONTALBANO GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S Sciacca





REGISTERED OFFICE: 9 Acorn Road
Tenterden
Kent
TN30 7FA





REGISTERED NUMBER: 11499671 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,199 163,300
Investments 5 400 400
192,599 163,700

CURRENT ASSETS
Debtors 6 134,025 1,406

CREDITORS
Amounts falling due within one year 7 249,156 154,325
NET CURRENT LIABILITIES (115,131 ) (152,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,468

10,781

PROVISIONS FOR LIABILITIES 47,681 40,376
NET ASSETS/(LIABILITIES) 29,787 (29,595 )

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 29,487 (29,895 )
SHAREHOLDERS' FUNDS 29,787 (29,595 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 31 December 2024 and were signed by:




S Sciacca - Director


MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Montalbano Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Montalbano Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on reducing balance and 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 122,111 97,311 7,313 226,735
Additions 33,821 22,079 1,993 57,893
At 30 April 2024 155,932 119,390 9,306 284,628
DEPRECIATION
At 1 May 2023 31,472 29,627 2,336 63,435
Charge for year 15,593 11,939 1,462 28,994
At 30 April 2024 47,065 41,566 3,798 92,429
NET BOOK VALUE
At 30 April 2024 108,867 77,824 5,508 192,199
At 30 April 2023 90,639 67,684 4,977 163,300

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 400
NET BOOK VALUE
At 30 April 2024 400
At 30 April 2023 400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 134,025 1,406

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 72 -
Taxation and social security 33,762 1,823
Other creditors 215,322 152,502
249,156 154,325

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300

MONTALBANO GROUP LIMITED (REGISTERED NUMBER: 11499671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2024 and the period ended 30 April 2023:

2024 2023
£    £   
S Sciacca
Balance outstanding at start of year (1,240 ) 7,408
Amounts advanced 313,704 91,352
Amounts repaid (212,428 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,036 (1,240 )

The loan to the director is interest free and fully repayable.

10. RELATED PARTY DISCLOSURES

Montalbano Group Limited is the ultimate parent company in a group.

Bottega Montalbano Limited is a subsidiary and at the year end the company owed Bottega Montalbano Limited £76,427 (2023: £66,270).This is interest free as are all the intercompany loans.

Ciclopi Limited is a subsidiary company and at the end of the year the company owed Ciclopi Limited £137,265 (2023: £83,993).

Both of these balances are included in other creditors.

The company has claimed exemption from disclosing detailed related party transactions as all the
above companies are all wholly owned subsidiaries in the group.