REGISTERED NUMBER: 03300053 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

MONTPELIER ESTATES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M R J Gamble

Ms A J Ciesielska

REGISTERED OFFICE:

Middle Hedge Barn

Chilton Business Park

Chilton

Buckinghamshire

HP18 9LS

REGISTERED NUMBER:

03300053 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

4

63,466

87,722

Investments

5

8,250

8,250

71,716

95,972

CURRENT ASSETS

Stocks

6

3,884,829

3,587,060

Debtors

7

6,351,633

1,112,127

Cash at bank and in hand

220,066

529,832

10,456,528

5,229,019

CREDITORS

Amounts falling due within one year

8

(7,334,742

)

(2,632,190

)

NET CURRENT ASSETS

3,121,786

2,596,829

TOTAL ASSETS LESS CURRENT LIABILITIES

3,193,502

2,692,801

PROVISIONS FOR LIABILITIES

9

(3,737

)

(3,737

)

NET ASSETS

3,189,765

2,689,064

CAPITAL AND RESERVES

Called up share capital

10

30

30

Retained earnings

3,189,735

2,689,034

SHAREHOLDERS' FUNDS

3,189,765

2,689,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

M R J Gamble - Director

Ms A J Ciesielska - Director

1.	STATUTORY INFORMATION

Montpelier Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Montpelier Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover

Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

Cash and cash equivalent

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Financial instruments

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

Creditors

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

144,898

57,948

5,733

208,579

Disposals

-

(3,100

)

-

(3,100

)

At 31 March 2025

144,898

54,848

5,733

205,479

DEPRECIATION

At 1 April 2024

79,419

38,475

2,963

120,857

Charge for year

16,370

4,093

693

21,156

At 31 March 2025

95,789

42,568

3,656

142,013

NET BOOK VALUE

At 31 March 2025

49,109

12,280

2,077

63,466

At 31 March 2024

65,479

19,473

2,770

87,722

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2024

and 31 March 2025

8,250

NET BOOK VALUE

At 31 March 2025

8,250

At 31 March 2024

8,250

6.

STOCKS

31/3/25

31/3/24

£

£

Stocks

3,694,829

3,397,060

Land and building for resale

190,000

190,000

3,884,829

3,587,060

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

4,465,600

85,768

Amounts owed by associated companies

1,884,937

1,025,263

Other debtors

1,096

1,096

6,351,633

1,112,127

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

-

2,220

Trade creditors

3,200,366

567,649

Taxation and social security

1,160,227

629,349

Other creditors

2,974,149

1,432,972

7,334,742

2,632,190

9.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

Accelerated capital allowances

3,737

3,737

Deferred

tax

£

Balance at 1 April 2024

3,737

Balance at 31 March 2025

3,737

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

30

Ordinary

£1

30

30

11.	CAPITAL COMMITMENTS

Lease commitments - operating leases

At 31 March 2025, the company had an annual commitment of £14,480 (2024- £14,480) under non- cancellable operating leases which expires within two to five years.

12.	RELATED PARTY DISCLOSURES

Included within debtors due within one year are balances due from the following related entities :

Related entity

2025

2024

Montpelier Development Limited

£388

£6,188

Montpelier (Chatham) Limited

£1,884,549

£1,019,075

Total

£1,884,937

£1,025,263

All companies are under the common control of the director/shareholder.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Montpelier Developments Limited, which owns 100% of the share capital.