REGISTERED NUMBER: 08371239 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MONTFORT COMMUNICATIONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

H M Morrison

N C J Miles

REGISTERED OFFICE:

2nd Floor

Berkeley Square House

Berkeley Square

London

W1J 6BD

REGISTERED NUMBER:

08371239 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

FIXED ASSETS

Intangible assets

5

1,413,424

1,590,102

Property, plant and equipment

6

46,353

79,409

Investments

7

312,851

231,720

1,772,628

1,901,231

CURRENT ASSETS

Debtors

8

1,686,487

1,582,168

Cash at bank

124,535

27,621

1,811,022

1,609,789

CREDITORS

Amounts falling due within one year

9

(2,788,345

)

(2,085,835

)

NET CURRENT LIABILITIES

(977,323

)

(476,046

)

TOTAL ASSETS LESS CURRENT LIABILITIES

795,305

1,425,185

CAPITAL AND RESERVES

Called up share capital

11

13,194

13,194

Retained earnings

782,111

1,411,991

SHAREHOLDERS' FUNDS

795,305

1,425,185

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

H M Morrison - Director

1.	STATUTORY INFORMATION

Montfort Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Montfort Communications 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.

Other investments

Other investments which are not subsidiaries, associates or joint ventures whose fair values cannot be measured reliably are measured at cost less impairment.

Revenue recognition

Revenue is the total amount receivable, excluding value added tax, for services provided in the ordinary course of business.

Revenue is recognised at the fair value of the consideration received or receivable for sale of services customers in the ordinary nature of the business. The fair value of the consideration takes into account trade discounts and settlement discounts.

Revenue is shown net of Value Added Tax.

Intangible asset

Intangible asset is initially recognised at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight line method to allocate the depreciable amount of the asset to its residual value over its estimated useful life as follows:

Start up costs - 5 years

Amortisation is charged to Administrative expenses in the Statement of Comprehensive Income.

The asset is also reviewed for impairment to consider whether its carrying value may be already impaired and need amending.

Property, plant and equipment

Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Computer equipment

- 33.33% on cost

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments as it has only basic financial instruments.

a) Basic financial assets

Trade and other debtors, and bank balances, which are due within one year are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

b) Basic financial liabilities and equity

Financial liabilities are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade creditors, and other creditors are initially recognised at transaction price and subsequently carried at amortised cost, being transaction price less any amounts settled.

Other loans are initially recognised at the transaction price, including transaction costs and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

c) Equity instruments

The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

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 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 year 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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

As described in the profit and loss and balance sheet the company incurred a loss of £629,880 and has total net current liabilities of £977,323.

Accordingly, the company is dependant upon the continued support of its shareholder in order to meet its day to day working capital requirements. The shareholder of the company has indicated that he will continue support for a period of at least one year from the approval date of these financial statements. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for further liabilities that might arise and to reclassify fixed assets and long-term liabilities as current assets and liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2023 - 61 ) .

5.	INTANGIBLE FIXED ASSETS

Start up

costs

Goodwill

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

198,227

1,766,780

1,965,007

AMORTISATION

At 1 January 2024

198,227

176,678

374,905

Amortisation for year

-

176,678

176,678

At 31 December 2024

198,227

353,356

551,583

NET BOOK VALUE

At 31 December 2024

-

1,413,424

1,413,424

At 31 December 2023

-

1,590,102

1,590,102

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

67,494

241,017

308,511

Additions

1,676

10,877

12,553

At 31 December 2024

69,170

251,894

321,064

DEPRECIATION

At 1 January 2024

51,525

177,577

229,102

Charge for year

5,722

39,887

45,609

At 31 December 2024

57,247

217,464

274,711

NET BOOK VALUE

At 31 December 2024

11,923

34,430

46,353

At 31 December 2023

15,969

63,440

79,409

7.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

45,503

186,217

231,720

Additions

32,570

48,561

81,131

At 31 December 2024

78,073

234,778

312,851

NET BOOK VALUE

At 31 December 2024

78,073

234,778

312,851

At 31 December 2023

45,503

186,217

231,720

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

ME Communications Private Ltd

Registered office: 6A 4B NEW EXCELSIOR BLDG, AK NAYAK MARG FORT, Mumbai G.P.O., Mumbai, Mumbai400001, Maharashtra

Nature of business: Relationship and public relations activities

%

Class of shares:

holding

Ordinary

66.70

2024

£

Aggregate capital and reserves

876

Loss for the year

(45,925

)

Montfort CA FA LLC

Registered office: 405 Platform Business Centre, Turkiston 12a, Tashkent, Uzbekistan, 100015

Nature of business: Relationship and public relations activities

%

Class of shares:

holding

Ordinary

66.70

2024

2023

£

£

Aggregate capital and reserves

(103,029

)

(149,234

)

Profit/(loss) for the year

39,918

(209,035

)

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

739,961

836,643

Amounts owed by group undertakings

267,653

253,262

Other debtors

432,699

123,157

Prepayments and accrued income

246,174

369,106

1,686,487

1,582,168

Amounts due by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

320,945

347,904

Corporation tax

86,666

65,101

Social security and other tax

1,302,033

620,926

Other creditors

188,389

425,658

Accruals and deferred income

890,312

626,246

2,788,345

2,085,835

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

720,000

364,512

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

13,194

Ordinary

1

13,194

13,194

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H M Morrison.

13.	TRANSACTIONS WITH RELATED PARTIES

Montfort CA FA LLC

The company which is incorporated in Uzbekistan is a 66.7% subsidiary of Montfort Communications Limited.

In the year ended 31 December 2024, Montfort Communications Limited, paid expenses on behalf of Montfort CA FA LLC. At 31 December 2024, Montfort Communications Limited was owed £254,633 which is shown in note 11 of the accounts.

ME Communications Private Ltd

The company which is incorporated in India is a 66.7% subsidiary of Montfort Communications Limited.

In the year ended 31 December 2024, Montfort Communications Limited, paid expenses on behalf of ME Communications Private Ltd. At 31 December 2024, Montfort Communications Limited was owed £13,020 which is shown in note 11 of the accounts.