Montgold Capital Holdings Ltd - Period Ending 2020-08-31

Montgold Capital Holdings Ltd

Contents

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

Montgold Capital Holdings Ltd

Company Information

Directors

Ms Shivani Mawji Mr Karim Mawji

Registered office

C/O McAk & Co 15 First Floor, Princeton Mews 167-169 London Road Kingston Upon Thames Surrey KT2 6PT

Registered Number

10339776

Accountants

MCAK & Co Accountants Financial Accountants 15 First Floor Princeton Mews 167-169 London Road Kingston Upon Thames Surrey KT2 6PT

Montgold Capital Holdings Ltd

(Registration number: 10339776)
Balance Sheet as at 31 August 2020

	Note	2020 £	2019 £
Current assets
Debtors		978	460
Cash at bank and in hand		-	1,247
		978	1,707
Creditors: Amounts falling due within one year		(1,634)	(1,232)
Net (liabilities)/assets		(656)	475
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(756)	375
Shareholders' (deficit)/funds		(656)	475

For the financial year ending 31 August 2020 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 year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 May 2021 and signed on its behalf by:
 

.........................................

Mr Karim Mawji
Director

Montgold Capital Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2020

1	General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
C/O McAk & Co
15 First Floor, Princeton Mews
167-169 London Road
Kingston Upon Thames
Surrey
KT2 6PT

These financial statements were authorised for issue by the Board on 24 May 2021.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 sales/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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2019 - 1).

Montgold Capital Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2020

4	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

5	Loans and borrowings

	2020 £	2019 £
Current loans and borrowings
Bank overdrafts	12	-