0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:EUR 11242514 2023-07-01 2024-06-30 11242514 2024-06-30 11242514 2023-06-30 11242514 2022-07-01 2023-06-30 11242514 2023-06-30 11242514 2022-06-30 11242514 bus:Director1 2023-07-01 2024-06-30 11242514 core:WithinOneYear 2024-06-30 11242514 core:WithinOneYear 2023-06-30 11242514 core:ShareCapital 2024-06-30 11242514 core:ShareCapital 2023-06-30 11242514 core:RetainedEarningsAccumulatedLosses 2024-06-30 11242514 core:RetainedEarningsAccumulatedLosses 2023-06-30 11242514 bus:SmallEntities 2023-07-01 2024-06-30 11242514 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11242514 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11242514 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11242514 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 11242514
Montecillo Credit Analytics Ltd
Filleted Unaudited Accounts
30 June 2024
Montecillo Credit Analytics Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
Current assets
Debtors
4
58,125
11,553
Cash at bank and in hand
13,753
4,712
--------
--------
71,878
16,265
Creditors: amounts falling due within one year
5
( 93,973)
( 20,959)
--------
--------
Net current liabilities
( 22,095)
( 4,694)
--------
-------
Total assets less current liabilities
( 22,095)
( 4,694)
--------
-------
Net liabilities
( 22,095)
( 4,694)
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 22,195)
( 4,794)
--------
-------
Shareholders deficit
( 22,095)
( 4,694)
--------
-------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
These accounts were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
G F E Crossley
Director
Company registration number: 11242514
Montecillo Credit Analytics Ltd
Notes to the Accounts
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, UK.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis. The accounts are prepared in euros, which is the functional currency of the entity .
Going concern
At the balance sheet date the company had a negative balance sheet. The directors will provide support to the company for the next 12 months and expect it to return to profitability in the next 12 months, therefore the financial statements have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered net of Value Added Tax. Revenue is recognised on an accrued basis for services rendered during the period.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
2024
2023
Trade debtors
58,025
Other debtors
100
11,553
--------
--------
58,125
11,553
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,479
Other creditors
93,973
14,480
--------
--------
93,973
20,959
--------
--------
6. Directors' advances, credits and guarantees
During the year consultancy fees totally £88,400 were paid to the directors. During the year amounts written off against loan not recoverable from a company owned by one of the directors amounted to £9,257.