MONTOYA SPORTS & PRESTIGE LTD


Director	PATEL, Irfan Murad Ali


Registered Address	1 Apex Way
	Leeds
	LS11 5LN


Registered Number	11722125 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		54,819		65,833
			54,819		65,833
Current assets
Stocks	4	3,049,848		3,558,911
Debtors		780,647		556,764
Cash at bank and on hand		291,488		620,325
		4,121,983		4,736,000
Creditors amounts falling due within one year	5	(3,801,122)		(4,300,503)
Net current assets (liabilities)			320,861		435,497
Total assets less current liabilities			375,680		501,330
Accruals and deferred income			(40,678)		(3,343)
Net assets			335,002		497,987
Capital and reserves
Called up share capital			100		100
Profit and loss account			334,902		497,887
Shareholders' funds			335,002		497,987

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 September 2025, and are signed on its behalf by:

PATEL, Irfan Murad Ali
Director
Registered Company No. 11722125

MONTOYA SPORTS & PRESTIGE LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Plant and machinery	20	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	8		12

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	57,137	53,050	40,554	150,741
At 31 December 24	57,137	53,050	40,554	150,741
Depreciation and impairment
At 01 January 24	15,881	28,955	40,072	84,908
Charge for year	5,714	4,819	481	11,014
At 31 December 24	21,595	33,774	40,553	95,922
Net book value
At 31 December 24	35,542	19,276	1	54,819
At 31 December 23	41,256	24,095	482	65,833

4.	Stocks

	2024	2023
	£	£
Finished goods	2,874,768	3,558,911
Other stocks	175,080	-
Total	3,049,848	3,558,911

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	2,278,877	2,321,147
Bank borrowings and overdrafts	30,093	32,866
Taxation and social security	198,424	227,045
Other creditors	878,509	1,454,987
Accrued liabilities and deferred income	415,219	264,458
Total	3,801,122	4,300,503


	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.