Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

Montrose Associates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M Maclay

T Rhodes

M Bottenheim

REGISTERED OFFICE:

10 Lammas Park Gardens

London

W5 5HZ

REGISTERED NUMBER:

04645778 (England and Wales)

ACCOUNTANTS:

Peter Upton

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

FIXED ASSETS

Tangible assets

4

2,129

2,620

CURRENT ASSETS

Work in progress

81

81

Debtors

5

323,226

290,278

Cash at bank and in hand

960,540

956,444

1,283,847

1,246,803

CREDITORS

Amounts falling due within one year

6

279,157

169,385

NET CURRENT ASSETS

1,004,690

1,077,418

TOTAL ASSETS LESS CURRENT LIABILITIES

1,006,819

1,080,038

PROVISIONS FOR LIABILITIES

7

532

498

NET ASSETS

1,006,287

1,079,540

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

1,005,287

1,078,540

SHAREHOLDERS' FUNDS

1,006,287

1,079,540

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

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

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 29 July 2025 and were signed on its behalf by:

M Maclay - Director

1.	STATUTORY INFORMATION

Montrose Associates Limited is a private company, limited by shares , registered in England and Wales. 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.

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 etc

-

25% on reducing balance

Stocks & work in progress

Work in progress 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 has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Pension costs and other post-retirement benefits

The company makes payments into the individual pension schemes of employees.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Office &

to

and

sundry

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 December 2024

55,044

1,042

63,470

119,556

DEPRECIATION

At 1 April 2024

54,549

858

61,529

116,936

Charge for period

93

34

364

491

At 31 December 2024

54,642

892

61,893

117,427

NET BOOK VALUE

At 31 December 2024

402

150

1,577

2,129

At 31 March 2024

495

184

1,941

2,620

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

£

Trade debtors

308,264

267,468

Prepayments

14,962

22,810

323,226

290,278

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

£

Trade creditors

58,434

9,981

Credit card

12,200

10,258

Social security and other taxes

11,605

16,037

VAT

21,126

6,851

Pension

257

255

Directors' current accounts

28,699

27,820

Accrued expenses

146,836

98,183

279,157

169,385

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.3.24

£

£

Deferred tax

532

498

Deferred

tax

£

Balance at 1 April 2024

498

Deferred tax

34

Balance at 31 December 2024

532

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.3.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 April 2024

1,078,540

Deficit for the period

(13,216

)

Dividends

(60,037

)

At 31 December 2024

1,005,287

10.	RELATED PARTY DISCLOSURES

The directors received the following salaries during the period, M Maclay £110,833, T Rhodes £119,225.

11.	ULTIMATE CONTROLLING PARTY

The Company was under the control of the Officers and Shareholders of the Company by virtue of their shareholdings and their Board responsibilities.