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Company Registration No. SC467670 (Scotland)
Montreal Property Ltd Unaudited accounts for the year ended 31 March 2025
Montreal Property Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Montreal Property Ltd Company Information for the year ended 31 March 2025
Director
Linda Cortellessa
Company Number
SC467670 (Scotland)
Registered Office
3a Jordan Lane Edinburgh Midlothian EH10 4RB Scotland
Accountants
AGL Tax Solutions LLP 2A Station Yard Haddington East Lothian EH41 3PP
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Montreal Property Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
25,370
25,370
Investments
5
2
2
25,372
25,372
Current assets
Inventories
968,120
968,120
Debtors
6
5,825
5,825
Cash at bank and in hand
506,722
813,426
1,480,667
1,787,371
Creditors: amounts falling due within one year
7
(1,589,125)
(1,936,312)
Net current liabilities
(108,458)
(148,941)
Net liabilities
(83,086)
(123,569)
Capital and reserves
Called up share capital
10
10
Profit and loss account
(83,096)
(123,579)
Shareholders' funds
(83,086)
(123,569)
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 December 2025 and were signed on its behalf by
Linda Cortellessa Director Company Registration No. SC467670
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Montreal Property Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Montreal Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC467670. The registered office is 3a Jordan Lane, Edinburgh, Midlothian, EH10 4RB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
33%
Stocks
Stocks have been valued at the lower of cost and net realisable value.
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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Current or deferred tax assets and liabilities are not discounted.
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Montreal Property Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
25,370
9,550
699
35,619
At 31 March 2025
25,370
9,550
699
35,619
Depreciation
At 1 April 2024
-
9,550
699
10,249
At 31 March 2025
-
9,550
699
10,249
Net book value
At 31 March 2025
25,370
-
-
25,370
At 31 March 2024
25,370
-
-
25,370
5
Investments
Subsidiary undertakings
£
Valuation at 1 April 2024
2
Valuation at 31 March 2025
2
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
5,825
5,825
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,350
4,350
Taxes and social security
9,496
6,783
Non-equity preference shares
1,160,000
1,510,000
Other creditors
6,125
6,125
Loans from directors
408,454
408,454
Accruals
700
600
1,589,125
1,936,312
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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