MONTGOMERY CANAL RECONSTRUCTION LIMITED

Company Registration Number:
11387781 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Company Information

for the Period Ended 31 October 2024




Director: NICHOLAS BOSTOCK
John Dodwell
Michael Limbrey
Registered office: 26
Bentley Drive
Oswestry
GBR
SY11 1TQ
Company Registration Number: 11387781 (England and Wales)

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Directors' Report Period Ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal Activities

Restoration of the Montgomery Canal

Political and charitable donations

No political donations were made

Directors

The directors shown below have held office during the whole of the period from 01 November 2023 to 31 October 2024
NICHOLAS BOSTOCK
John Dodwell
Michael Limbrey

This report was approved by the board of directors on 1 February 2025
And Signed On Behalf Of The Board By:

Name: NICHOLAS BOSTOCK
Status: Director

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Profit and Loss Account

for the Period Ended 31 October 2024


Notes

2024
£

2023
£
Turnover 12,000 0
Cost of sales ( 1,121,598 ) ( 6,746 )
Gross Profit or (Loss) ( 1,109,598 ) ( 6,746 )
Administrative Expenses ( 4,191 ) ( 3,627 )
Operating Profit or (Loss) ( 1,113,789 ) ( 10,373 )
Interest Receivable and Similar Income 238 1,061
Profit or (Loss) Before Tax ( 1,113,551 ) ( 9,312 )
Profit or (Loss) for Period ( 1,113,551 ) ( 9,312 )

The notes form part of these financial statements

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,734 2,115
Total fixed assets: 1,734 2,115
Current assets
Stocks: 0 820,460
Debtors: 5 56,540 170,303
Cash at bank and in hand: 22,745 910
Total current assets: 79,285 991,673
Creditors: amounts falling due within one year: 6 ( 55,902 ) ( 154,120 )
Net current assets (liabilities): 23,383 837,553
Total assets less current liabilities: 25,117 839,668
Creditors: amounts falling due after more than one year: 7 ( 1,259,400 ) ( 960,400 )
Total net assets (liabilities): ( 1,234,283 ) ( 120,732 )

The notes form part of these financial statements

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 1,234,383 ) ( 120,832 )
Shareholders funds: ( 1,234,283 ) ( 120,732 )

For the year ending 31 October 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 1 February 2025
And Signed On Behalf Of The Board By:

Name: NICHOLAS BOSTOCK
Status: Director

The notes form part of these financial statements

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible assets

Land & buildings Plant & machinery Total
Cost £ £ £
At 01 November 2023 107 3,082 3,189
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 October 2024 107 3,082 3,189
Depreciation
At 01 November 2023 - 1,074 1,074
Charge for year - 381 381
On disposals - - -
Other adjustments - - -
At 31 October 2024 - 1,455 1,455
Net book value
At 31 October 2024 107 1,627 1,734
At 31 October 2023 107 2,008 2,115

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Debtors


2024
£

2023
£
Prepayments and accrued income 299 267
Other debtors 56,241 170,036
Total 56,540 170,303

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 55,902 154,120
Total 55,902 154,120

MONTGOMERY CANAL RECONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 1,259,400 960,400
Total 1,259,400 960,400