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REGISTERED NUMBER: 02826659 (England and Wales)

Financial Statements for the Year Ended 30 June 2024

for

Montford Development Company Limited

Montford Development Company Limited (Registered number: 02826659)

Contents of the Financial Statements

for the Year Ended 30 June 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Montford Development Company Limited

Company Information

for the Year Ended 30 June 2024

| DIRECTOR: | Mr J Wilkinson Jnr

| SECRETARY: | Mrs J Wilkinson

| REGISTERED OFFICE: | Suites 5 & 6, The Printworks

| Hey Road

| Barrow

| Clitheroe

| Lancashire

| BB7 9WB

| REGISTERED NUMBER: | 02826659 (England and Wales)

| ACCOUNTANTS: | Bennett Kirkhope Smith

| Chartered Certified Accountants

| Suites 5 & 6 The Printworks

| Hey Road

| Barrow

| Clitheroe

| Lancashire

| BB7 9WB

Montford Development Company Limited (Registered number: 02826659)

Balance Sheet

30 June 2024

| 30.6.24 | 30.6.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 18,571 |  | 75,553 |  |

CURRENT ASSETS

Debtors | 5 | 423,798 |  | 306,881 |  |

Cash at bank | 22,996 |  | 47,924 |  |

446,794 |  | 354,805 |  |

CREDITORS

Amounts falling due within one year | 6 | 196,476 |  | 152,758 |  |

NET CURRENT ASSETS | 250,318 |  | 202,047 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 268,889 |  | 277,600 |  |

PROVISIONS FOR LIABILITIES | 7 | 3,528 |  | 12,000 |  |

NET ASSETS | 265,361 |  | 265,600 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 192,000 |  | 192,000 |  |

Retained earnings | 73,361 |  | 73,600 |  |

SHAREHOLDERS' FUNDS | 265,361 |  | 265,600 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Montford Development Company Limited (Registered number: 02826659)

Balance Sheet - continued

30 June 2024

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

Mr J Wilkinson Jnr - Director

Montford Development Company Limited (Registered number: 02826659)

Notes to the Financial Statements

for the Year Ended 30 June 2024

1. | STATUTORY INFORMATION

| Montford Development Company 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 equipment | - | 10% on reducing balance

| Motor vehicles | - | 20% on reducing balance

| Office equipment | - | 33% on reducing balance

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

Montford Development Company Limited (Registered number: 02826659)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2024

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Office |

| equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2023 | 75,424 |  | 65,408 |  | 1,536 |  | 142,368 |  |

| Disposals | (48,500 | ) | (41,408 | ) | - |  | (89,908 | ) |

| At 30 June 2024 | 26,924 |  | 24,000 |  | 1,536 |  | 52,460 |  |

| DEPRECIATION

| At 1 July 2023 | 31,277 |  | 34,321 |  | 1,217 |  | 66,815 |  |

| Charge for year | 4,063 |  | 2,243 |  | 105 |  | 6,411 |  |

| Eliminated on disposal | (23,105 | ) | (16,232 | ) | - |  | (39,337 | ) |

| At 30 June 2024 | 12,235 |  | 20,332 |  | 1,322 |  | 33,889 |  |

| NET BOOK VALUE

| At 30 June 2024 | 14,689 |  | 3,668 |  | 214 |  | 18,571 |  |

| At 30 June 2023 | 44,147 |  | 31,087 |  | 319 |  | 75,553 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.24 |  | 30.6.23

£ | £ |

| Trade debtors | 19,472 |  | 38,996 |  |

| Amounts recoverable on contract | 400,000 |  | 245,124 |  |

| Tax | - |  | 14,917 |  |

| VAT | - |  | 2,577 |  |

| Prepayments and accrued income | 4,326 |  | 5,267 |  |

423,798 |  | 306,881 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.24 |  | 30.6.23

£ | £ |

| Trade creditors | 12,395 |  | 11,566 |  |

| Corporation tax | 9,971 |  | - |  |

| PAYE and NIC | 1,191 |  | 720 |  |

| VAT | 1,850 |  | - |  |

| Other creditors | 35,987 |  | 35,987 |  |

| Directors' current accounts | 118,565 |  | 101,287 |  |

| Accruals | 16,517 |  | 3,198 |  |

196,476 |  | 152,758 |  |

7. | PROVISIONS FOR LIABILITIES

| 30.6.24 |  | 30.6.23

£ | £ |

| Deferred tax | 3,528 |  | 12,000 |  |

Montford Development Company Limited (Registered number: 02826659)

Notes to the Financial Statements - continued

for the Year Ended 30 June 2024

7. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 July 2023 | 12,000 |  |

| Credit to Statement of Income and Retained Earnings during year | (8,472 | ) |

| Prior year losses carried back |

| Balance at 30 June 2024 | 3,528 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.24 |  | 30.6.23

| value: | £ | £ |

| 192,000 | Ordinary | £1 | 192,000 |  | 192,000 |  |