Company Registration No. 05307480 (England and Wales)
Montpellier Asset Management Limited
Unaudited accounts
for the year ended 31 December 2024
Montpellier Asset Management Limited
Unaudited accounts
Contents
Montpellier Asset Management Limited
Company Information
for the year ended 31 December 2024
Company Number
05307480 (England and Wales)
Registered Office
7 Imperial Square
Cheltenham
Gloucester
GL50 1QB
Accountants
David H Davies & Co.
45 Etnam Street
Leominster
Herefordshire
HR6 8AE
Montpellier Asset Management Limited
Statement of financial position
as at 31 December 2024
Intangible assets
619,214
619,214
Tangible assets
67,642
83,074
Cash at bank and in hand
220,502
142,027
Creditors: amounts falling due within one year
(310,378)
(237,602)
Net current liabilities
(79,460)
(95,575)
Total assets less current liabilities
607,396
606,713
Creditors: amounts falling due after more than one year
(10,441)
(65,407)
Net assets
596,955
541,306
Called up share capital
100
100
Profit and loss account
596,855
541,206
Shareholders' funds
596,955
541,306
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 February 2025 and were signed on its behalf by
S Whitney
Director
Company Registration No. 05307480
Montpellier Asset Management Limited
Notes to the Accounts
for the year ended 31 December 2024
Montpellier Asset Management Limited is a private company, limited by shares, registered in England and Wales, registration number 05307480. The registered office is 7 Imperial Square, Cheltenham, Gloucester, GL50 1QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to clients.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Goodwill is not being amortised
4
Intangible fixed assets
Goodwill
At 31 December 2024
619,214
At 31 December 2024
619,214
At 31 December 2023
619,214
Montpellier Asset Management Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
60,760
65,975
126,735
At 31 December 2024
64,708
65,975
130,683
At 1 January 2024
30,466
13,195
43,661
Charge for the year
8,560
10,820
19,380
At 31 December 2024
39,026
24,015
63,041
At 31 December 2024
25,682
41,960
67,642
At 31 December 2023
30,294
52,780
83,074
Amounts falling due within one year
Accrued income and prepayments
10,416
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
58,780
59,110
Obligations under finance leases and hire purchase contracts
136,744
55,341
Trade creditors
13,618
14,198
Taxes and social security
100,244
100,542
Loans from directors
992
8,411
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
99 A Ordinary Shares of £1 each
99
99
10
Average number of employees
During the year the average number of employees was 7 (2023: 6).