REGISTERED NUMBER: 13519887 (England and Wales)

Montvernier Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

IG Hilditch

JP Hilditch

REGISTERED OFFICE:

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

Herefordshire

HR4 8NF

REGISTERED NUMBER:

13519887 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Montvernier Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Montvernier Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Montvernier Limited and state those matters that we have agreed to state to the Board of Directors of Montvernier Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Montvernier Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Montvernier Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Montvernier Limited. You consider that Montvernier Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Montvernier Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

11 May 2026

FIXED ASSETS

Investments

4

4,317,317

4,016,853

CURRENT ASSETS

Debtors

5

-

6,802

Cash at bank

9,443

70,691

9,443

77,493

CREDITORS

Amounts falling due within one year

6

4,023,705

4,022,135

NET CURRENT LIABILITIES

(4,014,262

)

(3,944,642

)

TOTAL ASSETS LESS CURRENT LIABILITIES

303,055

72,211

PROVISIONS FOR LIABILITIES

7

44,395

-

NET ASSETS

258,660

72,211

CAPITAL AND RESERVES

Allotted, issued and fully

paid share capital

10,000

10,000

Fair value reserve

333,723

235,222

Retained earnings

(85,063

)

(173,011

)

258,660

72,211

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 May 2026 and were signed on its behalf by:

IG Hilditch - Director

1.	STATUTORY INFORMATION

Montvernier 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.

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 as modified by the revaluation of certain assets.

Going concern

The company had net current liabilities at the year end of £4,014,262 (2024 - £3,944,642) due to a loan from the directors which has been used to purchase the company's fixed asset investments as disclosed at note 7. The directors have confirmed that they will not request repayment of this loan to the detriment of any of the company's other creditors. On this basis the directors consider it appropriate to prepare accounts on the going concern basis.

Turnover

Turnover comprises realised and unrealised income and gains from investments. Dividends are recognised on payment date. Interest income is recognised on an accruals basis.

Realised gains are included in turnover on settlement date. Unrealised gains are recognised at the difference between cost or market value brought forward and the closing market value of the investments at the year end.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Fixed asset investments

Investments are valued at closing market value on the final trading day nearest the year end.

Revaluations are initially recognised in the Profit and Loss Account before a transfer is made to the Fair value reserve which contains only the non-distributable element of any revaluations, net of deferred tax.

3.

EMPLOYEES

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

4,016,853

Additions

1,436,661

Disposals

(1,282,777

)

Revaluations

146,580

At 31 December 2025

4,317,317

NET BOOK VALUE

At 31 December 2025

4,317,317

At 31 December 2024

4,016,853

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2021

89,739

Valuation in 2022

(477,687

)

Valuation in 2023

414,949

Valuation in 2024

270,260

Valuation in 2025

171,924

Cost

3,848,132

4,317,317

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Deferred tax asset

-

6,802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

4,007,593

4,007,605

Accruals and deferred income

16,112

14,530

4,023,705

4,022,135

The directors' current accounts are interest free and unsecured with no repayment terms attached.

7.	PROVISIONS FOR LIABILITIES

2025

£

Deferred tax

Deferred Tax on losses

(66,847

)

Investment fair value

adjustment

111,242

44,395

Deferred

tax

£

Balance at 1 January 2025

(6,802

)

Provided during year

51,197

Balance at 31 December 2025

44,395