REGISTERED NUMBER: 14589273 (England and Wales)

Montrose Stevedores Limited

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R M A Clarke

J I Doyle

D J Lambert

T J Rix

S J Rix

R E Wilde

H J Rix

REGISTERED OFFICE:

2 Humber Quays

Wellington Street West

Hull

HU1 2BN

REGISTERED NUMBER:

14589273 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

25,000

CURRENT ASSETS

Stocks

-

72,350

Debtors

5

92,485

115,533

92,485

187,883

CREDITORS

Amounts falling due within one year

6

562,637

517,921

NET CURRENT LIABILITIES

(470,152

)

(330,038

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(470,152

)

(305,038

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(470,153

)

(305,039

)

SHAREHOLDERS' FUNDS

(470,152

)

(305,038

)

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 20 July 2026 and were signed on its behalf by:

T J Rix - Director

R E Wilde - Director

1.	STATUTORY INFORMATION

Montrose Stevedores 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.

The principle accounting policies have remained unchanged from the previous year and are set out below.

Going Concern

In May 2025, the company ceased trading after which the directors intend the company to remain dormant. The directors have assessed the company's financial position and cash flow forecasts and are satisfied that it remains appropriate to prepare the financial statements on a going concern basis. Accordingly, the financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

Turnover

Turnover represents the amounts derived from the provision of goods and services which fall within the company's ordinary activities, all of which are continuing, stated net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Goodwill is reviewed at each reporting date for any indicators of impairment. If such indicators exist, the recoverable amount of the goodwill is estimated and compared with its carrying amount. Where the carrying amount exceeds the recoverable amount, an impairment loss is recognised in the profit or loss account.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

39,834

Disposals

(39,834

)

At 31 December 2025

-

AMORTISATION

At 1 January 2025

14,834

Charge for year

1,844

Eliminated on disposal

(39,834

)

Impairments

23,156

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

25,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

33,123

Amounts owed by group undertakings

39,380

12,306

Other debtors

8,995

9,551

Tax

44,110

57,000

Prepayments

-

3,553

92,485

115,533

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

562,637

389,737

Trade creditors

-

979

Amounts owed to group undertakings

-

112,764

Accruals and deferred income

-

14,441

562,637

517,921

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Stocks FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings for which group consolidated financial statements are drawn up and of which the company is a member is J. R. Rix & Sons Limited, registered in England and Wales.

J. R. Rix & Sons Limited is also the company's ultimate parent undertaking and its registered office is 2 Humber Quays, Wellington Street West, Hull, HU1 2BN. Copies of J. R. Rix & Sons Limited's financial statements can be obtained from Companies House.

J. R. Rix & Sons Limited has no ultimate controlling party.