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REGISTERED NUMBER: 01632599 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

MONTGOMERY INTERNATIONAL LTD

MONTGOMERY INTERNATIONAL LTD (REGISTERED NUMBER: 01632599)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MONTGOMERY INTERNATIONAL LTD

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: I R Angus
D B Angus



SECRETARY: G M Tsangari



REGISTERED OFFICE: 9 Manchester Square
London
W1U 3PL



REGISTERED NUMBER: 01632599 (England and Wales)



SENIOR STATUTORY AUDITOR: Neil Usher



AUDITORS: Thorne Lancaster Parker
Chartered Accountants &
Statutory Auditors
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

MONTGOMERY INTERNATIONAL LTD (REGISTERED NUMBER: 01632599)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 442,400 286,875
Cash at bank 14,076 5
456,476 286,880
CREDITORS
Amounts falling due within one year 6 (177,028 ) (4,516 )
NET CURRENT ASSETS 279,448 282,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,448

282,364

CAPITAL AND RESERVES
Called up share capital 711,043 711,043
Retained earnings 7 (431,595 ) (428,679 )
SHAREHOLDERS' FUNDS 279,448 282,364

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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





D B Angus - Director


MONTGOMERY INTERNATIONAL LTD (REGISTERED NUMBER: 01632599)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Montgomery International Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the company are consolidated in the financial statements of Angus Montgomery Limited.

Preparation of consolidated financial statements
The financial statements contain information about Montgomery International Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Angus Montgomery Limited, .

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

MONTGOMERY INTERNATIONAL LTD (REGISTERED NUMBER: 01632599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


3. ACCOUNTING POLICIES - continued

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including explanations of future events that are believe to be reasonable under the circumstances.

a) Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below;

(i) Impairment provision on investment in subsidiary undertaking

At the end of each period, investment in subsidiary undertaking is assessed for impairment. If investment in subsidiary undertaking is impaired, the carrying value of the investment is reduced to its recoverable amount and the impairment loss is recognised in the income statement.

The impairment assessment requires management's judgement on the investment concerned,, taking into consideration the trading results of the subsidiary undertaking.

(i) Useful economic life of intangible assets.
The annual amortisation charge for intangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on the performance of the relevant shows. The useful economic life of intangible assets is considered to be 3 years.

Revenue and cost of sales recognition
Revenue is recognised at the fair value of the consideration received or receivable for sale of goods to external customers in the ordinary nature of the business. The fair value of the consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue represents management fee charged to in respect of services performed for group companies.

Revenue is shown net of Value Added Tax.

Income and directly allocable costs arising from exhibitions are to be taken to the statement of comprehensive income in the financial period in which the relevant exhibitions take place. Income and directly related costs arising from exhibitions to be held at a date subsequent to the balance sheet date are not taken to the statement of comprehensive income but are treated as deferred exhibition income and deferred expenditure and included in the statement of financial position as deferred exhibition income and deferred exhibition costs respectively.


MONTGOMERY INTERNATIONAL LTD (REGISTERED NUMBER: 01632599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
The financial statements are presented in sterling which is also the the functional currency of the company.

Transactions in currencies other than the functional currency (foreign currencies) are initially recorded at the standard exchange rate ruling for the period..

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the reporting date.

Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

All translation differences are taken to the statement of comprehensive income, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

Investments in subsidiary undertakings
Investments in subsidiary companies is held at cost less accumulated impairment losses.

MONTGOMERY INTERNATIONAL LTD (REGISTERED NUMBER: 01632599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The group has chosen to adopt Section 11 and Section 12 of FRS 102 in respect of financial instruments as it has only basic financial instruments.

a )Basic financial liabilities and equity

Financial liabilities are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. an equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade creditors, other creditors and loans from fellow group and related companies are initially recognised at transaction price and subsequently carried at amortised cost, being transaction price less any amounts settled.

Bank overdrafts and invoice discounting facility are presented within creditors: amounts falling due within one year.

Other loans are initially recognised at the transaction price, including transaction costs and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

b) Equity instruments

The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Going concern
The directors have prepared and reviewed forecasts and cashflows to 31 March 2025. Taking into account trading in the current year, in particular since the end of the most recent restrictions the directors believe the company has sufficient resources to continue as a going concern for the foreseeable future and as such consider the going concern basis for the preparation of the financial statements to be appropriate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MONTGOMERY INTERNATIONAL LTD (REGISTERED NUMBER: 01632599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,322 -
Amounts owed by group undertakings 180,935 286,875
Prepayments and accrued income 135,143 -
442,400 286,875

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,516 2,516
Accruals and deferred income 174,512 2,000
177,028 4,516

7. RESERVES
Retained
earnings
£   

At 1 July 2023 (428,679 )
Deficit for the year (2,916 )
At 30 June 2024 (431,595 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


Neil Usher (Senior Statutory Auditor)
for and on behalf of Thorne Lancaster Parker
Date: 18 March 2025

9. RELATED PARTY DISCLOSURES

The directors of the company are considered to be the key management personnel and the details of their remuneration is disclosed in the accounts of the ultimate parent company.

MONTGOMERY INTERNATIONAL LTD (REGISTERED NUMBER: 01632599)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many 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.

11. POST BALANCE SHEET EVENTS

There were no material post balance sheet events requiring disclosure.

12. ULTIMATE CONTROLLING PARTY

The Directors consider the ultimate parent undertaking of the company to be Angus Montgomery Limited, a company registered in England and Wales, whose registered office is 9 Manchester Square, London, England, W1U 3PL.


The largest and smallest group of undertakings for which the group accounts have been drawn up is that headed by Angus Montgomery Limited. The consolidated accounts of the parent company are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CE14 3UZ.