Registration number: 08372314

Montagu's Of Leicester Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Montagu's Of Leicester Limited

Company Information

Directors

K. A. Mead L. N. G. Mead

Registered office

Westwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Accountants

Robert Whowell & Partners LLP Chartered AccountantsWestwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Montagu's Of Leicester Limited

(Registration number: 08372314)
Balance Sheet as at 30 September 2025

	Note	30 September 2025 £	31 August 2024 £
Fixed assets
Tangible assets	4	124,418	178,234
Current assets
Stocks	5	7,000	161,000
Debtors	6	24,688	3,903
Cash at bank and in hand		7,814	113,510
		39,502	278,413
Creditors: Amounts falling due within one year	7	(246,171)	(313,107)
Net current liabilities		(206,669)	(34,694)
Total assets less current liabilities		(82,251)	143,540
Creditors: Amounts falling due after more than one year	7	(69,937)	(118,723)
Provisions for liabilities		(12,543)	(24,714)
Net (liabilities)/assets		(164,731)	103
Capital and reserves
Called up share capital		2	2
Retained earnings		(164,733)	101
Shareholders' (deficit)/funds		(164,731)	103

Montagu's Of Leicester Limited

(Registration number: 08372314)
Balance Sheet as at 30 September 2025

For the financial period ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 August 2026 and signed on its behalf by:
 

......................................... L. N. G. Mead Director

Montagu's Of Leicester Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the Board on 17 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

These financial statements have been prepared on a going concern basis. This assumption depends on continued financial support from fellow group companies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Montagu's Of Leicester Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 30 September 2025

Tax

The tax expense for the period comprises current tax and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	20% reducing balance
Motor vehicles	25% reducing balance
Plant and machinery	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Montagu's Of Leicester Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 30 September 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of stock and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Montagu's Of Leicester Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 30 September 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a reducing balance basis over the the useful life of the asset. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 9).

Montagu's Of Leicester Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 30 September 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost
At 1 September 2024	4,612	263,091	23,619	291,322
Disposals	-	(9,525)	-	(9,525)
At 30 September 2025	4,612	253,566	23,619	281,797
Depreciation
At 1 September 2024	2,687	93,010	17,391	113,088
Charge for the period	425	42,992	1,655	45,072
Eliminated on disposal	-	(781)	-	(781)
At 30 September 2025	3,112	135,221	19,046	157,379
Carrying amount
At 30 September 2025	1,500	118,345	4,573	124,418
At 31 August 2024	1,925	170,081	6,228	178,234

5

Stocks

	30 September 2025 £	31 August 2024 £
Work in progress	-	136,000
Stock	7,000	25,000
	7,000	161,000

Montagu's Of Leicester Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 30 September 2025

6

Debtors

Current	30 September 2025 £	31 August 2024 £
Trade debtors	-	-
Prepayments	2,985	3,703
Other debtors	21,703	200
	24,688	3,903

7

Creditors

Creditors: amounts falling due within one year

	Note	30 September 2025 £	31 August 2024 £
Due within one year
Loans and borrowings	8	45,631	45,631
Trade creditors		8,797	70,511
Amounts owed to group companies		51,117	95,411
Taxation and social security		107,763	61,409
Accruals and deferred income		5,500	3,500
Other creditors		27,363	36,645
		246,171	313,107

Creditors include net obligations under hire purchase contracts which are secured of £35,631 (31 August 2024 - £35,631).

Creditors: amounts falling due after more than one year

	Note	30 September 2025 £	31 August 2024 £
Due after one year
Loans and borrowings	8	69,937	118,723

Creditors include net obligations under hire purchase contracts which are secured of £64,289 (31 August 2024 - £102,889).

Montagu's Of Leicester Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 30 September 2025

8	Loans and borrowings

Non-current loans and borrowings

	30 September 2025 £	31 August 2024 £
Bank borrowings	5,648	15,834
Hire purchase contracts	64,289	102,889
	69,937	118,723

Current loans and borrowings

	30 September 2025 £	31 August 2024 £
Bank borrowings	10,000	10,000
Hire purchase contracts	35,631	35,631
	45,631	45,631

9	Related party transactions

Transactions with directors

2025	At 1 September 2024 £	Advances to directors £	Repayments by directors £	At 30 September 2025 £
Directors' loan account	2	(16,893)	666	(16,225)

The company authorised an unsecured loan to the directors and a balance of £16,225 was outstanding at the year end.

Dividends totalling £nil (Year ended 31 August 2024 - £46,891) have been paid to the directors.