Mont Meru Limited - Filleted accounts


MONT MERU LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025



































Company Registration Number: 04371760

MONT MERU LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 11

MONT MERU LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025


DIRECTOR

Mr S C A Gray


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ


COMPANY REGISTRATION NUMBER

04371760 England and Wales

MONT MERU LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Intangible assets	5		6,600		13,000
Tangible assets	6		35,011		47,441
Investments	7		1		1


			41,612		60,442

CURRENT ASSETS
Debtors	8	471,341		432,197
Cash at bank and in hand		60,056		57,381


		531,397		489,578

CREDITORS: Amounts falling due within one year	9	402,867		329,115
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			128,530		160,463


TOTAL ASSETS LESS CURRENT LIABILITIES			170,142		220,905

CREDITORS: Amounts falling due after more than one year	10		7,981		18,353
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			101,135		100,605


NET ASSETS			61,026		101,947


CAPITAL AND RESERVES
Called up share capital			200		200
Distributable profit and loss account			60,826		101,747


SHAREHOLDER'S FUNDS			61,026		101,947

MONT MERU LIMITED

BALANCE SHEET
AS AT 31 MARCH 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




Mr S C A Gray
Director

Date approved by the board: 15 December 2025

MONT MERU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1	GENERAL INFORMATION

	Mont Meru Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are:

	Registered office	Principal place of business
	C9 Glyme Court	16 Balderton Street
	Oxford Office Village	Mayfair
	Langford Lane	London
	Kidlington	W1K 6TN
	Oxford
	OX5 1LQ

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of membership, studio hire and dance lesson services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Intangible fixed assets

	Intangible fixed assets, other than goodwill, are stated at cost less accumulated amortisation and any accumulated impairment losses. It is amortised on a straight-line basis over its useful economic life of 5 years.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

MONT MERU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.


	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Leasehold property					Straight line basis at 10% per annum
	Office equipment					Reducing balance basis at 25% per annum
	Fixtures and fittings					Reducing balance basis at 25% per annum
	Computer equipment and website					Straight line basis at 33% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Investments

Investments in subsidiaries are shown at cost less accumulated impairment losses.


	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

	Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

MONT MERU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments (continued…)

	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

Short term debtors are measured at transaction price, less any impairment.


	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

MONT MERU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.


	Current and deferred tax assets and liabilities are not discounted.

	Provisions

	Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

	Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.


	A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use is recognised. The provision is measured at the salary cost payable for the period of absence.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

	Consolidation

	The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 399 of the Companies Act 2006 not to prepare group accounts.

MONT MERU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

The director has made key assumptions in determining estimates when calculating the dilapidations provision. This provision requires management's best estimate of the costs that will be incurred by the company at the end of its lease agreement on the company's premises.


4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

		2025	2024
	Average number of employees	23	17


5	INTANGIBLE FIXED ASSETS
			Domain names
			£
	Cost
	At 1 April 2024		59,000


	At 31 March 2025		59,000


	Accumulated amortisation and impairments
	At 1 April 2024		46,000

	Charge for year		6,400


	At 31 March 2025		52,400


	Net book value
	At 1 April 2024		13,000


	At 31 March 2025		6,600

MONT MERU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


6	TANGIBLE ASSETS
		Leasehold property	Office equipment	Fixtures and fittings	Computer equipment and website		Total
		£	£	£		£	£
	Cost
	At 1 April 2024	65,717	66,733	117,219		68,429	318,098

	Additions	-	1,158	1,023		3,434	5,615


	At 31 March 2025	65,717	67,891	118,242		71,863	323,713


	Accumulated depreciation and impairments
	At 1 April 2024	51,897	64,660	89,733		64,367	270,657

	Charge for year	6,572	759	7,101		3,613	18,045


	At 31 March 2025	58,469	65,419	96,834		67,980	288,702


	Net book value
	At 1 April 2024	13,820	2,073	27,486		4,062	47,441


	At 31 March 2025	7,248	2,472	21,408		3,883	35,011


7	FIXED ASSET INVESTMENTS
							Investment in subsidiary
							£
	Cost
	At 1 April 2024						1


	At 31 March 2025						1


	Net book value
	At 1 April 2024						1


	At 31 March 2025						1


8	DEBTORS
						2025	2024
						£	£
	Trade debtors					8,655	642
	Prepayments and accrued income					224,878	197,904
	Other debtors					237,808	233,651


						471,341	432,197

MONT MERU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


9	CREDITORS: Amounts falling due within one year
					2025	2024
					£	£
	Bank loans and overdrafts				10,372	10,066
	Trade creditors				155,156	110,764
	Taxation and social security				58,769	64,802
	Accruals and deferred income				60,809	71,987
	Other creditors				117,761	71,496


					402,867	329,115


10	CREDITORS: Amounts falling due after more than one year
					2025	2024
					£	£
	Bank loans and overdrafts				7,981	18,353


11	SECURED DEBTS

	The company has an overdraft facility with National Westminster Bank PLC which has a fixed and floating charge over all property and assets of the company.

12	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:				2025	2024
					£	£
	In less than one year				184,000	184,000
	In more than one but less than five years				138,000	322,000


					322,000	506,000


13	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

	The following director's advances, credits and guarantees took place during the year:

		Balance at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 31 March 2025
		£	£	£	£	£
	Mr S C A Gray	75,555	51,685	52,000	-	75,240

Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.

MONT MERU LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


14	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	Tree Spirit Ltd
	A company under common control		2025	2024
			£	£
	Intercompany loan	Loan balance due from Mont Meru Limited at the year end:	64,213	22,246


	Sirius B Ltd
	A company under common control		2025	2024
			£	£
	Intercompany loan	Loan balance due to Mont Meru Limited at the year end:	59,666	55,553