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REGISTERED NUMBER: 06561728 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Montana Property Assets Limited

Montana Property Assets Limited (Registered number: 06561728)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Montana Property Assets Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S.A. Boyling
K.J. Gentry





SECRETARY: K.J. Gentry





REGISTERED OFFICE: C/o Montana Property Development Co Ltd
Transport House
80 Calcutta Road
Tilbury
Essex
RM18 7QJ





REGISTERED NUMBER: 06561728 (England and Wales)





ACCOUNTANTS: Anser Solutions Ltd
Chartered Accountants
Suite 1
19 Aviation Way
Southend Airport
Southend on Sea
Essex
SS2 6UN

Montana Property Assets Limited (Registered number: 06561728)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Investment property 3 5,760,000 6,300,000

CURRENT ASSETS
Debtors 4 311,921 163,825
Cash at bank 765,594 668,884
1,077,515 832,709
CREDITORS
Amounts falling due within one year 5 96,195 75,820
NET CURRENT ASSETS 981,320 756,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,741,320

7,056,889

PROVISIONS FOR LIABILITIES 507,683 494,014
NET ASSETS 6,233,637 6,562,875

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 7 2,367,555 2,921,224
Retained earnings 7 3,865,982 3,641,551
SHAREHOLDERS' FUNDS 6,233,637 6,562,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Montana Property Assets Limited (Registered number: 06561728)

Balance Sheet - continued
31 October 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 16 June 2025 and were signed on its behalf by:




S.A. Boyling - Director



K.J. Gentry - Director


Montana Property Assets Limited (Registered number: 06561728)

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

1. 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 as modified by the revaluation of certain assets.

Investment property
Investment property is initially recognised at cost. The cost of a purchased investment property comprises it's purchase price and any directly attributable expenditure. Subsequently, investment property whose value can be measured without undue cost or effort is measured at fair value at each reporting date with changes in fair value being recognised in the income statement.

Deferred tax is provided on these fair value changes at the rate expected to apply when the property is sold.

Fair value is determined by the directors based on their knowledge of the properties taking into account location, condition and prevailing market values at the reporting date.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 6,300,000
Revaluations (540,000 )
At 31 October 2024 5,760,000
NET BOOK VALUE
At 31 October 2024 5,760,000
At 31 October 2023 6,300,000

Montana Property Assets Limited (Registered number: 06561728)

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

3. INVESTMENT PROPERTY - continued

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2015 715,238
Valuation in 2017 720,000
Valuation in 2018 280,000
Valuation in 2019 690,000
Valuation in 2020 416,000
Valuation in 2022 594,000
Valuation in 2024 (540,000 )
Cost 2,884,762
5,760,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Amounts owed by group undertakings 146,000 146,000
Other debtors 165,921 17,825
311,921 163,825

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1,368 1,402
Taxation and social security 81,362 63,827
Other creditors 13,465 10,591
96,195 75,820

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2023 3,641,551 2,921,224 6,562,775
Deficit for the year (329,238 ) (329,238 )
Fair value movements 553,669 (553,669 ) -
At 31 October 2024 3,865,982 2,367,555 6,233,537

Montana Property Assets Limited (Registered number: 06561728)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is Montana Property Assets Holdings Ltd (Reg No.13014365).

The above named company is registered in England and Wales, with their registered office and principal place of business address being that of: Transport House, 80 Calcutta Road, Tilbury, Essex, RM18 7QJ.