Number
09560181
MONTGOMERY BROWN HOLDINGS LTD
Filleted Accounts
31 December 2024
MONTGOMERY BROWN HOLDINGS LTD
Registered number: 09560181
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 424,003 431,564
424,003 431,564
Current assets
Debtors 4 847 351
Cash at bank and in hand 12 33
859 384
Creditors: amounts falling due within one year 5 (155,323) (121,054)
Net current liabilities (154,464) (120,670)
Total assets less current liabilities 269,539 310,894
Creditors: amounts falling due after more than one year 6 (217,591) (211,775)
Provisions for liabilities (10,216) (9,886)
Net assets 41,732 89,233
Capital and reserves
Called up share capital 100 100
Profit and loss account (276,308) (228,807)
Fair value reserve 8 317,940 317,940
Shareholder's funds 41,732 89,233
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.
Mr. Roger Charles Brown
Director
Approved by the board on 22 July 2025
MONTGOMERY BROWN HOLDINGS LTD
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 or valuation, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Fixtures and fittings over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Fixtures and fittings Total
£ £ £
Cost or valuation
At 1 January 2024 465,000 38,828 503,828
Additions - 5,000 5,000
At 31 December 2024 465,000 43,828 508,828
Depreciation
At 1 January 2024 41,467 30,797 72,264
Charge for the year 9,300 3,261 12,561
At 31 December 2024 50,767 34,058 84,825
Net book value
At 31 December 2024 414,233 9,770 424,003
At 31 December 2023 423,533 8,031 431,564
Freehold land and buildings: 2024 2023
£ £
Historical cost 138,700 138,700
Cumulative depreciation based on historical cost 5,548 2,774
133,152 135,926
Land and buildings were last revalued in 2023.
4 Debtors 2024 2023
£ £
VAT repayable 647 281
Prepayments - 70
Accrued income 200 -
847 351
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 52 197
Payments on account - 1,075
Other loans 1,000 -
Mr. Roger Charles Brown 154,219 119,175
Deferred income - 502
Accruals 52 105
155,323 121,054
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other loans 217,591 211,775
217,591 211,775
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 71,034 71,034
8 Fair value reserve 2024 2023
£ £
At 1 January 2024 317,940 90,173
Gain on revaluation of land and buildings - 236,127
Deferred taxation arising on the revaluation of land and buildings - (8,360)
At 31 December 2024 317,940 317,940
9 Ultimate controlling party and related party transactions
The company was under the control of Mr. Roger Charles Brown throughout the current period.
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 except for those disclosed below.
2024 2023
£ £
Balance owing (to) / from Mr. Roger Charles Brown (154,219) (119,175)
Interest at 2.25% per annum is charged on balances over £10,000 owed to the company.
10 Going concern basis
The company is dependent on the continued support of its director and loan providers. All of these parties have indicated their willingness to continue supporting the company. Therefore the director has adopted the going concern basis for these accounts.
11 Other information
MONTGOMERY BROWN HOLDINGS LTD is a private company limited by shares and incorporated in England. Its registered office is:
27 Oaktree Crescent
Cockermouth
Cumbria
CA13 9HR
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