| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| MONTGOMERY SERVICES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| MONTGOMERY SERVICES LIMITED |
| MONTGOMERY SERVICES LIMITED (REGISTERED NUMBER: 12837822) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MONTGOMERY SERVICES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 AUGUST 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 260 - 270 Butterfield |
| Great Marlings |
| Luton |
| Bedfordshire |
| LU2 8DL |
| MONTGOMERY SERVICES LIMITED (REGISTERED NUMBER: 12837822) |
| BALANCE SHEET |
| 31 AUGUST 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Non-distributable reserve | 10 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| MONTGOMERY SERVICES LIMITED (REGISTERED NUMBER: 12837822) |
| BALANCE SHEET - continued |
| 31 AUGUST 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MONTGOMERY SERVICES LIMITED (REGISTERED NUMBER: 12837822) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 AUGUST 2024 |
| 1. | STATUTORY INFORMATION |
| Montgomery Services Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost basis except for the modifications to a fair value basis for investments and investment property as specified in the accounting policies below. |
| Turnover |
| Turnover represents rent received and investment income received or receivable on an accruals basis, including profit (or loss) of equity instruments recognised on disposal. |
| Investment property |
| Investment properties are held for their investment potential and not for use by the company and so carried at fair value. The surplus or deficit arising from the annual revaluation is recognised in the income statement. |
| Investments |
| Investments compromise of investments in quoted equity instruments which are measured at fair value. Changes in fair value are recognised in the income statement. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MONTGOMERY SERVICES LIMITED (REGISTERED NUMBER: 12837822) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 September 2023 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| Cost or valuation at 31 August 2024 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2024 | 215,433 |
| The fixed asset listed investments are revalued to the market price on 31st August 2024. |
| 2024 |
| £ |
| Historical cost | 210,450 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 September 2023 |
| Additions |
| Fair value adjustment | (49,227 | ) |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| Fair value at 31 August 2024 is represented by: |
| £ |
| Valuation in 2024 | 295,000 |
| MONTGOMERY SERVICES LIMITED (REGISTERED NUMBER: 12837822) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 AUGUST 2024 |
| 6. | INVESTMENT PROPERTY - continued |
| If the Investment property had not been revalued it would have been included at the following historical cost: |
| 2024 | 2023 |
| £ | £ |
| Cost | 287,387 | 208,160 |
| Investment property was valued on an open market basis on 31 August 2024 by the Director. . |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Corporation tax |
| Director's current account | 499,534 | 438,188 |
| Accruals and deferred income |
| 8. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax | 2,393 | 8,233 |
| Deferred |
| tax |
| £ |
| Balance at 1 September 2023 |
| On fair value adjustment | (5,840 | ) |
| Balance at 31 August 2024 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RESERVES |
| Retained | Non-distributable |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 September 2023 | 48,477 |
| Deficit for the year | ( |
) | ( |
) |
| Transfer between reserves | 24,895 | (24,895 | ) | - |
| At 31 August 2024 | 19,473 |