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REGISTERED NUMBER: SC693517 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Monterey Jack's Holding Limited

Monterey Jack's Holding Limited (Registered number: SC693517)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Monterey Jack's Holding Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S W Galloway
G Marshall





REGISTERED OFFICE: 8 Cumbernauld House Wilderness Brae
Cumbernauld
Glasgow
G67 3JG





REGISTERED NUMBER: SC693517 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Monterey Jack's Holding Limited (Registered number: SC693517)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 76,066 13,905
Investments 5 2,200 2,200
78,266 16,105

CURRENT ASSETS
Debtors 6 8,468 38,326
Cash at bank 368,779 268,749
377,247 307,075
CREDITORS
Amounts falling due within one year 7 (435,967 ) (106,631 )
NET CURRENT (LIABILITIES)/ASSETS (58,720 ) 200,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,546

216,549

PROVISIONS FOR LIABILITIES (14,453 ) (2,640 )
NET ASSETS 5,093 213,909

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 3,093 211,909
5,093 213,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Monterey Jack's Holding Limited (Registered number: SC693517)

Balance Sheet - continued
31 January 2024


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 12 June 2025 and were signed on its behalf by:





G Marshall - Director


Monterey Jack's Holding Limited (Registered number: SC693517)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Monterey Jack's Holding Limited is a private company, limited by shares , registered in Scotland. 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Monterey Jack's Holding Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Monterey Jack's Holding Limited (Registered number: SC693517)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 - - 17,489 17,489
Additions 18,747 48,500 - 67,247
At 31 January 2024 18,747 48,500 17,489 84,736
DEPRECIATION
At 1 February 2023 - - 3,584 3,584
Charge for year 391 4,167 528 5,086
At 31 January 2024 391 4,167 4,112 8,670
NET BOOK VALUE
At 31 January 2024 18,356 44,333 13,377 76,066
At 31 January 2023 - - 13,905 13,905

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 2,200
NET BOOK VALUE
At 31 January 2024 2,200
At 31 January 2023 2,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,468 24,605
Other debtors 3,000 13,721
8,468 38,326

Monterey Jack's Holding Limited (Registered number: SC693517)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 341 3,383
Amounts owed to group undertakings 415,806 78,472
Taxation and social security 9,287 20,596
Other creditors 10,533 4,180
435,967 106,631

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Foodcorp Ltd which is a company registered in Scotland.