Registered number
12478809
Montage Property Ltd
Unaudited Filleted Accounts
28 February 2025
Montage Property Ltd
Registered number: 12478809
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 654,314 613,906
Current assets
Debtors 4 - 3,948
Cash at bank and in hand 3,580 7,759
3,580 11,707
Creditors: amounts falling due within one year 5 (10,978) (13,768)
Net current liabilities (7,398) (2,061)
Total assets less current liabilities 646,916 611,845
Creditors: amounts falling due after more than one year 6 (662,548) (632,396)
Net liabilities (15,632) (20,551)
Capital and reserves
Called up share capital 100 100
Profit and loss account (15,732) (20,651)
Shareholder's funds (15,632) (20,551)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Clague
Director
Approved by the board on 11 June 2025
Montage Property Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 612,493 319 2,481 615,293
Additions 40,905 - - 40,905
At 28 February 2025 653,398 319 2,481 656,198
Depreciation
At 1 March 2024 - 318 1,069 1,387
Charge for the year - 1 496 497
At 28 February 2025 - 319 1,565 1,884
Net book value
At 28 February 2025 653,398 - 916 654,314
At 29 February 2024 612,493 1 1,412 613,906
4 Debtors 2025 2024
£ £
Other debtors - 3,948
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 9,347 9,653
Other creditors 1,631 4,115
10,978 13,768
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 253,218 261,066
Other creditors 409,330 371,330
662,548 632,396
7 Other information
Montage Property Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
Montage Property Ltd 12478809 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts April 2025 B Clague No description of principal activity 12478809 2023-03-01 2024-02-29 12478809 core:WithinOneYear 2024-02-29 12478809 core:AfterOneYear 2024-02-29 12478809 core:ShareCapital 2024-02-29 12478809 core:RetainedEarningsAccumulatedLosses 2024-02-29 12478809 2024-03-01 2025-02-28 12478809 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 12478809 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 12478809 bus:Director40 2024-03-01 2025-02-28 12478809 2 2024-03-01 2025-02-28 12478809 core:LandBuildings 2024-03-01 2025-02-28 12478809 core:PlantMachinery 2024-03-01 2025-02-28 12478809 core:Vehicles 2024-03-01 2025-02-28 12478809 countries:England 2024-03-01 2025-02-28 12478809 bus:FRS102 2024-03-01 2025-02-28 12478809 bus:FilletedAccounts 2024-03-01 2025-02-28 12478809 2025-02-28 12478809 core:WithinOneYear 2025-02-28 12478809 core:AfterOneYear 2025-02-28 12478809 core:ShareCapital 2025-02-28 12478809 core:RetainedEarningsAccumulatedLosses 2025-02-28 12478809 core:LandBuildings 2025-02-28 12478809 core:PlantMachinery 2025-02-28 12478809 core:Vehicles 2025-02-28 12478809 2024-02-29 12478809 core:LandBuildings 2024-02-29 12478809 core:PlantMachinery 2024-02-29 12478809 core:Vehicles 2024-02-29 iso4217:GBP xbrli:pure