REGISTERED NUMBER: OC372721 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Montague Asset Management LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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 ) .

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

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.