Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 10467946 Mr Ross Edward Gardiner Mr Ross Edward Spencer Gardiner and Ms Gemma Susan Gardiner true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10467946 2023-11-30 10467946 2024-11-30 10467946 2023-12-01 2024-11-30 10467946 frs-core:CurrentFinancialInstruments 2024-11-30 10467946 frs-core:ComputerEquipment 2024-11-30 10467946 frs-core:ComputerEquipment 2023-12-01 2024-11-30 10467946 frs-core:ComputerEquipment 2023-11-30 10467946 frs-core:FurnitureFittings 2024-11-30 10467946 frs-core:FurnitureFittings 2023-12-01 2024-11-30 10467946 frs-core:FurnitureFittings 2023-11-30 10467946 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 10467946 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 10467946 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10467946 frs-core:ShareCapital 2024-11-30 10467946 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 10467946 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10467946 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 10467946 frs-bus:SmallEntities 2023-12-01 2024-11-30 10467946 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10467946 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10467946 frs-bus:OrdinaryShareClass1 2023-12-01 2024-11-30 10467946 frs-bus:OrdinaryShareClass1 2024-11-30 10467946 frs-bus:OrdinaryShareClass2 2023-12-01 2024-11-30 10467946 frs-bus:OrdinaryShareClass2 2024-11-30 10467946 1 2023-12-01 2024-11-30 10467946 frs-bus:Director1 2023-12-01 2024-11-30 10467946 frs-bus:Director1 2023-11-30 10467946 frs-bus:Director1 2024-11-30 10467946 frs-countries:EnglandWales 2023-12-01 2024-11-30 10467946 2022-11-30 10467946 2023-11-30 10467946 2022-12-01 2023-11-30 10467946 frs-core:CurrentFinancialInstruments 2023-11-30 10467946 frs-core:ShareCapital 2023-11-30 10467946 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10467946 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 10467946 frs-bus:OrdinaryShareClass2 2022-12-01 2023-11-30
Registered number: 10467946
Monty Mason Asset Management Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10467946
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 179,232 13,568
179,232 13,568
CURRENT ASSETS
Debtors 5 60,559 49,119
Cash at bank and in hand 238,319 244,045
298,878 293,164
Creditors: Amounts Falling Due Within One Year 6 (244,263 ) (60,690 )
NET CURRENT ASSETS (LIABILITIES) 54,615 232,474
TOTAL ASSETS LESS CURRENT LIABILITIES 233,847 246,042
NET ASSETS 233,847 246,042
CAPITAL AND RESERVES
Called up share capital 7 200 100
Profit and Loss Account 233,647 245,942
SHAREHOLDERS' FUNDS 233,847 246,042
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ross Edward Gardiner
Director
1 September 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Monty Mason Asset Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10467946 . The registered office is 145/147 Hatfield Road, St. Albans, Hertfordshire, AL1 4JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Fixtures & Fittings 25% - Straight Line Method
Computer Equipment 25% - Straight Line Method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 - 9,320 12,323 21,643
Additions 154,500 - 16,787 171,287
As at 30 November 2024 154,500 9,320 29,110 192,930
Depreciation
As at 1 December 2023 - 2,435 5,640 8,075
Provided during the period - 2,309 3,314 5,623
As at 30 November 2024 - 4,744 8,954 13,698
Net Book Value
As at 30 November 2024 154,500 4,576 20,156 179,232
As at 1 December 2023 - 6,885 6,683 13,568
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,103 48,995
Other taxes and social security - 124
Director's loan account 54,456 -
60,559 49,119
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,469 -
Corporation tax 49,431 32,880
VAT 23,863 9,236
Other creditors - Loan 18,500 18,500
Accruals and deferred income 150,000 -
Director's loan account - 74
244,263 60,690
Page 3
Page 4
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
100 Ordinary A shares of £ 1.000 each 100 -
200 100
Shares issued during the period: £
100 Ordinary A shares of £ 1.000 each 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to director:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Ross Edward Gardiner (74 ) 119,484 (64,954 ) - 54,456
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling parties are Mr Ross Edward Spencer Gardiner and Ms Gemma Susan Gardiner by virtue of their ownership of 100% of the issued share capital in the company.
Page 4