Silverfin false false 31/07/2024 01/08/2023 31/07/2024 K Devi 06/03/2017 A Kainth 14/07/2014 R Kainth 14/07/2014 17 January 2025 The principal activity of the company continued to be that of property development 09129701 2024-07-31 09129701 bus:Director1 2024-07-31 09129701 bus:Director2 2024-07-31 09129701 bus:Director3 2024-07-31 09129701 2023-07-31 09129701 core:CurrentFinancialInstruments 2024-07-31 09129701 core:CurrentFinancialInstruments 2023-07-31 09129701 core:ShareCapital 2024-07-31 09129701 core:ShareCapital 2023-07-31 09129701 core:RetainedEarningsAccumulatedLosses 2024-07-31 09129701 core:RetainedEarningsAccumulatedLosses 2023-07-31 09129701 core:ComputerEquipment 2023-07-31 09129701 core:ComputerEquipment 2024-07-31 09129701 2023-08-01 2024-07-31 09129701 bus:FilletedAccounts 2023-08-01 2024-07-31 09129701 bus:SmallEntities 2023-08-01 2024-07-31 09129701 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09129701 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09129701 bus:Director1 2023-08-01 2024-07-31 09129701 bus:Director2 2023-08-01 2024-07-31 09129701 bus:Director3 2023-08-01 2024-07-31 09129701 core:ComputerEquipment core:TopRangeValue 2023-08-01 2024-07-31 09129701 2022-08-01 2023-07-31 09129701 core:ComputerEquipment 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Company No: 09129701 (England and Wales)

MONTAGUE TSK LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

MONTAGUE TSK LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

MONTAGUE TSK LIMITED

BALANCE SHEET

As at 31 July 2024
MONTAGUE TSK LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 222 28
222 28
Current assets
Stocks 4 3,287,196 1,952,450
Debtors 5 28,709 10,348
Cash at bank and in hand 35,926 207,001
3,351,831 2,169,799
Creditors: amounts falling due within one year 6 ( 3,038,382) ( 1,859,165)
Net current assets 313,449 310,634
Total assets less current liabilities 313,671 310,662
Net assets 313,671 310,662
Capital and reserves
Called-up share capital 3 3
Profit and loss account 313,668 310,659
Total shareholders' funds 313,671 310,662

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Montague TSK Limited (registered number: 09129701) were approved and authorised for issue by the Board of Directors on 17 January 2025. They were signed on its behalf by:

R Kainth
Director
MONTAGUE TSK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
MONTAGUE TSK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Montague TSK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for property development activities provided in the normal course of business, and is shown net of VAT where applicable.

Revenue from the sale of property is recognised on completion.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 August 2023 2,029 2,029
Additions 257 257
Disposals ( 297) ( 297)
At 31 July 2024 1,989 1,989
Accumulated depreciation
At 01 August 2023 2,001 2,001
Charge for the financial year 63 63
Disposals ( 297) ( 297)
At 31 July 2024 1,767 1,767
Net book value
At 31 July 2024 222 222
At 31 July 2023 28 28

4. Stocks

2024 2023
£ £
Stocks 3,287,196 1,952,450

5. Debtors

2024 2023
£ £
Other debtors 28,709 10,348

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 513
Other creditors 3,038,382 1,858,652
3,038,382 1,859,165

7. Related party transactions

At the year end the company owed £3,033,159 (2023: £1,853,157) to the directors of the company, in respect of an interest free loan which is repayable on demand.