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REGISTERED NUMBER: SC089066 (Scotland)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

Monto Holdings Limited

Monto Holdings Limited (Registered number: SC089066)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Monto Holdings Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Mr S T Melrose
Mr S W Melrose
Mr S S Melrose





REGISTERED OFFICE: Kinnenhill House
Near Westfield
Bathgate
West Lothian
EH48 4NJ





REGISTERED NUMBER: SC089066 (Scotland)





ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE

Monto Holdings Limited

Report of the Accountants to the Directors of
Monto Holdings Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st October 2024 set out on pages four to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


27th July 2025

Monto Holdings Limited (Registered number: SC089066)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,394 40,206
Investments 5 1,495,377 776,445
Investment property 6 1,800,000 1,800,000
3,307,771 2,616,651

CURRENT ASSETS
Stocks 8,096 16,096
Debtors 7 280,214 255,959
Investments 8 827,718 1,087,671
Cash at bank 18,553 6,792
1,134,581 1,366,518
CREDITORS
Amounts falling due within one year 9 733,058 233,490
NET CURRENT ASSETS 401,523 1,133,028
TOTAL ASSETS LESS CURRENT LIABILITIES 3,709,294 3,749,679

CREDITORS
Amounts falling due after more than one year 10 (11,369 ) (21,594 )

PROVISIONS FOR LIABILITIES (157,226 ) (157,226 )
NET ASSETS 3,540,699 3,570,859

CAPITAL AND RESERVES
Called up share capital 107,739 107,739
Capital redemption reserve 19,013 19,013
Fair value reserve 471,678 471,678
Retained earnings 2,942,269 2,972,429
SHAREHOLDERS' FUNDS 3,540,699 3,570,859

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

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

Monto Holdings Limited (Registered number: SC089066)

Balance Sheet - continued
31st 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 27th July 2025 and were signed on its behalf by:





Mr S T Melrose - Director


Monto Holdings Limited (Registered number: SC089066)

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


1. STATUTORY INFORMATION

Monto Holdings 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Monto Holdings 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in nonputtable ordinary shares.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

Monto Holdings Limited (Registered number: SC089066)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1st November 2023 42,675 45,225 87,900
Disposals (41,650 ) - (41,650 )
At 31st October 2024 1,025 45,225 46,250
Depreciation
At 1st November 2023 25,778 21,916 47,694
Charge for year 256 11,306 11,562
Eliminated on disposal (25,400 ) - (25,400 )
At 31st October 2024 634 33,222 33,856
Net book value
At 31st October 2024 391 12,003 12,394
At 31st October 2023 16,897 23,309 40,206

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 126,753 126,753
Other investments not loans 1,368,624 649,692
1,495,377 776,445

Additional information is as follows:
Shares in
group Other
undertakings investments Totals
£    £    £   
Cost
At 1st November 2023 126,753 618,107 744,860
Additions - 734,258 734,258
At 31st October 2024 126,753 1,352,365 1,479,118
Provisions
At 1st November 2023 - (31,585 ) (31,585 )

Exchange differences - 15,326 15,326
At 31st October 2024 - (16,259 ) (16,259 )
Net book value
At 31st October 2024 126,753 1,368,624 1,495,377
At 31st October 2023 126,753 649,692 776,445

Monto Holdings Limited (Registered number: SC089066)

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


5. FIXED ASSET INVESTMENTS - continued
Other
loans
£   
New in year 33,465
Other movement (33,465 )
At 31st October 2024 -

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1st November 2023
and 31st October 2024 1,800,000
Net book value
At 31st October 2024 1,800,000
At 31st October 2023 1,800,000

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2023 628,904
Cost 1,171,096
1,800,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,171,096 1,171,096

Investment property was valued on an open market basis on 31st October 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,001 10,008
Prepayments and accrued income 267,213 245,951
280,214 255,959

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Loans 827,718 1,087,671

Monto Holdings Limited (Registered number: SC089066)

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


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 10,225 9,973
Other loans (see note 11) 250,000 -
Trade creditors 3,635 4,548
Amounts owed to group undertakings 101,250 135,750
Social security and other taxes 483 -
VAT 2,558 2,922
Other creditors - 7,790
Directors' current accounts 359,440 49,023
Accruals and deferred income 5,467 23,484
733,058 233,490

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 11) 11,369 21,594

11. LOANS

In 2020 the company received a Business Bounce Back Loan. The loan term is 72 months at a fixed rate of interest at 2.5% per annum.

There are no capital repayments in the first 12 months and interest charges for that period are covered by the Government Business Interruption Payment ("BIP").

Capital and interest repayments commence 12 months after drawdown. Capital repayments are payable in equal monthly installments over the remaining 60 months, along with the relevant monthly interest charge.

For the period where BIP is applied to interest charges, these costs are simultaneously treated as Government grants receivable and finance costs payable in the profit and loss account.

During the year, the company received a loan of £250,000. The loan is repayable on demand and interest is being charged at 5% per annum.