Montague Place (W1) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05738029

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		7,391		11,087
Tangible Assets	5		813,673		1,016,007

			821,064		1,027,094
CURRENT ASSETS
Debtors	6	4,850,831		4,730,432
Cash at bank and in hand		177,302		46,800

		5,028,133		4,777,232
Creditors: Amounts Falling Due Within One Year	7	(3,957,722 )		(4,052,940 )

NET CURRENT ASSETS (LIABILITIES)			1,070,411		724,292

TOTAL ASSETS LESS CURRENT LIABILITIES			1,891,475		1,751,386

PROVISIONS FOR LIABILITIES
Deferred Taxation			(73,748 )		(96,133 )

NET ASSETS			1,817,727		1,655,253

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			1,817,726		1,655,252

SHAREHOLDERS' FUNDS			1,817,727		1,655,253

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Montague Place (W1) Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Peters

Director

27/08/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Montague Place (W1) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05738029 . The registered office is 4 Hickman Road, Penarth, Vale Of Glamorgan, CF64 2AJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Acquired goodwill is written off in equal instalments over its estimated useful economic life of twenty years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	5% on cost
Plant & Machinery	20% on reducing balance
Motor Vehicles	20% on reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Montague Place (W1) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 heve been enacted or substantively enacted by the balance sheet date.

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 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 exent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 76 (2024: 91)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	97,324

As at 31 August 2025	97,324

Amortisation
As at 1 September 2024	86,237
Provided during the period	3,696

As at 31 August 2025	89,933

Net Book Value
As at 31 August 2025	7,391

As at 1 September 2024	11,087

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Montague Place (W1) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost or Valuation
As at 1 September 2024	2,209,875	1,202,716	20,831	3,433,422
Additions	4,673	20,508	-	25,181
Disposals	-	(376,020 )	(2,836 )	(378,856 )
Revaluation	(7,248 )	(37,295 )	(1,574 )	(46,117 )

As at 31 August 2025	2,207,300	809,909	16,421	3,033,630

Depreciation
As at 1 September 2024	1,589,079	818,864	9,472	2,417,415
Provided during the period	109,545	69,575	2,278	181,398
Disposals	-	(375,957 )	(2,899 )	(378,856 )

As at 31 August 2025	1,698,624	512,482	8,851	2,219,957

Net Book Value
As at 31 August 2025	508,676	297,427	7,570	813,673

As at 1 September 2024	620,796	383,852	11,359	1,016,007

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	184,103	400,962
Amounts owed by group undertakings	4,006,295	3,795,295
Amounts owed by participating interests	586,638	445,189
Other debtors	73,795	88,986

	4,850,831	4,730,432

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	196,015	148,569
Other loans	411,934	-
Other creditors	2,972,443	3,721,185
Taxation and social security	377,330	183,186

	3,957,722	4,052,940

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Montague Place (W1) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Related Party Transactions

Montague Place (W1) Limited is a wholly owned subsidiary of Montague Place Limited which is registered in England and Wales.

The Parent Company's bank loans have been secured from cross guarantees and security given by the Subsidiary.

Transactions with Parent

Management charges of £ 500,000 have been charged by the Parent Company (FY 2024 £ 90,000 was charged to the Parent Company)

Transactions with Subsidiaries

Mangement charges of NIL have been charged to the Subsidiaries (FY 2024 £ 315,383)

Year end balances

Due from Parent Company £ 4,006,295 (FY 2024 £ 3,795,295)

Due from Subsidiaries £ NIL (FY 2024 £ NIL)

10. Ultimate Parent Undertaking and Controlling Party

Montague Place Limited, the Parent Company registered in England and Wales, is the 100% shareholder.

Management charges of £ 711,100 have been charged by the Parent Company (FY 2024 £ 90,000 has been charged to the Parent Company)

At the year end, the amount owed by the Parent Company is £ 3,475,295 (FY 2024 £ 3,795,295)

The Parent Company's bank loans have been secured from cross guarantees and security given by the Subsidiary.

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