Montrose Chocolate Ventures Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10859391 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 JULY 2017 TO 31 DECEMBER 2018

FOR

MONTROSE CHOCOLATE VENTURES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G L Cox

K W D Harrison

R M Bailey

SECRETARY:

REGISTERED OFFICE:

Montrose House

Montrose Street

Stoke on Trent

ST4 3PB

REGISTERED NUMBER:

10859391 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co Ltd

Chartered Accountants & Business Advisers

52A Westgate

Southwell

Nottinghamshire

NG25 0JX

CURRENT ASSETS

Stocks

50,220

Debtors

7,710

Cash at bank and in hand

9,630

67,560

CREDITORS

Amounts falling due within one year

133,472

NET CURRENT LIABILITIES

(65,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(65,912

)

CAPITAL AND RESERVES

Called up share capital

84

Retained earnings

(65,996

)

SHAREHOLDERS' FUNDS

(65,912

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 10 April 2019 and were signed on its behalf by:

G L Cox - Director

K W D Harrison - Director

R M Bailey - Director

1.	STATUTORY INFORMATION

Montrose Chocolate Ventures Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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.

Going concern basis

The accounts have been prepared on a going concern basis with the continued support of the company's directors

and trade suppliers.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.