| Montpelier Portfolio Limited |
| Registered number: |
12125084 |
| Statement of Financial Position |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
28,202,691 |
|
|
22,569,944 |
|
| Current assets |
| Debtors |
4 |
|
161,000 |
|
|
16,000 |
| Cash at bank and liquidity |
|
|
3,243,226 |
|
|
3,401,442 |
|
|
|
3,404,226 |
|
|
3,417,442 |
|
| Creditors: amounts falling due within one year |
5 |
|
(19,915) |
|
|
(81,381) |
|
| Net current assets |
|
|
|
3,384,311 |
|
|
3,336,061 |
|
| Total assets less current liabilities |
|
|
|
31,587,002 |
|
|
25,906,005 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(26,248,105) |
|
|
(22,837,905) |
|
|
|
| Net assets |
|
|
|
5,338,897 |
|
|
3,068,100 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000,000 |
|
|
1,000,000 |
| Profit and loss account |
|
|
|
4,338,897 |
|
|
2,068,100 |
|
| Shareholders' funds |
|
|
|
5,338,897 |
|
|
3,068,100 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
| The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors' report and statement of income and retained earnings have not been delivered to the Registrar of Companies. |
|
|
| G J Fry |
| Director |
| Approved by the board on 22 July 2025 |
|
| Montpelier Portfolio Limited |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements 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 return on investments from security dealing on own account. Turnover is recognised in the statement of income and retained earnings in the period in which return on investments is received. |
|
|
Investments |
|
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the statement of income and retained earnings. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as this is considered immaterial to the true and fair view of the financial statements. |
|
|
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 statement of income and retained earnings. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2024 |
22,569,944 |
|
Additions |
3,998,316 |
|
Revaluation |
2,360,053 |
|
Disposals |
(719,622) |
|
|
At 31 December 2024 |
28,208,691 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
161,000 |
|
16,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Taxation and social security costs |
16,180 |
|
3,546 |
|
Other creditors |
3,735 |
|
77,835 |
|
|
|
|
|
|
19,915 |
|
81,381 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Intercompany loan |
|
1,889,820 |
|
1,829,570 |
|
Loan |
24,358,285 |
|
21,008,335 |
|
|
|
|
|
|
26,248,105 |
|
22,837,905 |
|
|
|
|
|
|
|
|
|
|
The loan represents interest free amounts owed to the principal shareholder. |
|
| 7 |
Related party transactions |
|
|
Montpelier Portfolio Limited is a related party of Montpelier Properties Limited and subsidiary of Montpelier Holdings Limited. All three companies are owned by the same directors. |
|
|
| 8 |
Going concern |
|
|
The company is in a position to meets its financial obligations for the foreseeable future with the continued support of the directors. The financial statements are therefore prepared on the going concern basis. |
|
|
| 9 |
Other information |
|
|
Montpelier Portfolio Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Central House |
|
124 High Street |
|
Hampton |
|
Middlesex |
|
TW12 1NS |