IRIS Accounts Production v25.4.0.155 OC372721 designated member designated member 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC372721 2024-03-31 OC372721 2025-03-31 OC372721 2024-04-01 2025-03-31 OC372721 2023-03-31 OC372721 2023-04-01 2024-03-31 OC372721 2024-03-31 OC372721 ns15:EnglandWales 2024-04-01 2025-03-31 OC372721 ns14:PoundSterling 2024-04-01 2025-03-31 OC372721 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC372721 ns10:PartnerLLP2 2024-04-01 2025-03-31 OC372721 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC372721 ns10:SmallEntities 2024-04-01 2025-03-31 OC372721 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC372721 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC372721 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC372721 ns10:FullAccounts 2024-04-01 2025-03-31 OC372721 ns10:PartnerLLP3 2024-04-01 2025-03-31 OC372721 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC372721 ns5:CurrentFinancialInstruments 2025-03-31 OC372721 ns5:CurrentFinancialInstruments 2024-03-31 OC372721 ns5:PlantMachinery 2024-04-01 2025-03-31 OC372721 ns5:FurnitureFittings 2024-04-01 2025-03-31 OC372721 ns5:MotorVehicles 2024-04-01 2025-03-31 OC372721 ns5:PlantMachinery 2024-03-31 OC372721 ns5:FurnitureFittings 2024-03-31 OC372721 ns5:MotorVehicles 2024-03-31 OC372721 ns5:PlantMachinery 2025-03-31 OC372721 ns5:FurnitureFittings 2025-03-31 OC372721 ns5:MotorVehicles 2025-03-31 OC372721 ns5:PlantMachinery 2024-03-31 OC372721 ns5:FurnitureFittings 2024-03-31 OC372721 ns5:MotorVehicles 2024-03-31 OC372721 ns5:CostValuation 2024-03-31 OC372721 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 OC372721 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: OC372721 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Montague Asset Management LLP

| Montague Asset Management LLP (Registered number: OC372721) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Montague Asset Management LLP |

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | Mr S M Clark

| The Churchmanor Estates Company Plc

| Mrs F A Clark

| REGISTERED OFFICE: | Montague House

| 3 Black Horse Lane

| Ipswich

| Suffolk

| IP1 2EF

| REGISTERED NUMBER: | OC372721 (England and Wales)

| ACCOUNTANTS: | Franklins

| 18 St Christopher's Way

| Pride Park

| Derby

| Derbyshire

| DE24 8JY

| Montague Asset Management LLP (Registered number: OC372721) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 164,425 |  | 82,430 |  |

Investments | 5 | 1 |  | 1 |  |

164,426 |  | 82,431 |  |

CURRENT ASSETS

Stocks | - |  | 230,000 |  |

Debtors | 6 | 39,690 |  | 340,399 |  |

Cash at bank | 431,649 |  | 24,088 |  |

471,339 |  | 594,487 |  |

CREDITORS

Amounts falling due within one year | 7 | 244,076 |  | 242,377 |  |

NET CURRENT ASSETS | 227,263 |  | 352,110 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 391,689 |  | 434,541 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 100,538 |  | 58,515 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 291,151 |  | 376,026 |  |

391,689 |  | 434,541 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 8 | 100,538 |  | 58,515 |  |

Members' other interests | 291,151 |  | 376,026 |  |

391,689 |  | 434,541 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

| Montague Asset Management LLP (Registered number: OC372721) |

Balance Sheet - continued

31 March 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 December 2025 and were signed by:

Mr S M Clark - Designated member

Mrs F A Clark - Designated member

| Montague Asset Management LLP (Registered number: OC372721) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Montague Asset Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Work in progress

| Work in progress is valued at the lower of cost and net realisable value.

| 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.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 4 (2024 - 4 ) .

| Montague Asset Management LLP (Registered number: OC372721) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 113,778 |  | 18,129 |  | 156,137 |  | 288,044 |  |

| Additions | 880 |  | 832 |  | 103,334 |  | 105,046 |  |

| At 31 March 2025 | 114,658 |  | 18,961 |  | 259,471 |  | 393,090 |  |

| DEPRECIATION

| At 1 April 2024 | 76,128 |  | 15,131 |  | 114,355 |  | 205,614 |  |

| Charge for year | 9,545 |  | 906 |  | 12,600 |  | 23,051 |  |

| At 31 March 2025 | 85,673 |  | 16,037 |  | 126,955 |  | 228,665 |  |

| NET BOOK VALUE

| At 31 March 2025 | 28,985 |  | 2,924 |  | 132,516 |  | 164,425 |  |

| At 31 March 2024 | 37,650 |  | 2,998 |  | 41,782 |  | 82,430 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 1 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1 |  |

| At 31 March 2024 | 1 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | - |  | 270,000 |  |

| Prepayments | 39,690 |  | 70,399 |  |

39,690 |  | 340,399 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | 4,325 |  | 2,350 |  |

| Social security and other taxes | 2,402 |  | 3,377 |  |

| VAT | 232,602 |  | 5,913 |  |

| Other creditors | 530 |  | 216,009 |  |

| Accruals and deferred income | 4,217 |  | 14,728 |  |

244,076 |  | 242,377 |  |

| Montague Asset Management LLP (Registered number: OC372721) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

2025 | 2024 |

£ | £ |

| Amounts owed to members in respect of profits | 100,538 |  | 58,515 |  |

| Falling due within one year | 100,538 |  | 58,515 |  |

| Loans and other debts due to members rank pari passu with unsecured creditors and may be set-off against amounts due from members included in debtors. Members' other interests rank pari passu with unsecured creditors.