Company Registration No. 10517274 (England and Wales)
Monte Forte Reigate Limited
Unaudited accounts
for the year ended 31 March 2022
Monte Forte Reigate Limited
Company Information
for the year ended 31 March 2022
Directors
Gianluca Malavasi
Daniel Whebell
Paolo Malavasi
Company Number
10517274 (England and Wales)
Registered Office
42 Woodside Road
Purley
CR8 4LP
England
Accountants
Clark's Accountancy
119 Albury Road
Merstham
Surrey
RH1 3LW
Monte Forte Reigate Limited
Statement of financial position
as at 31 March 2022
Tangible assets
100,260
98,546
Cash at bank and in hand
24,242
70,225
Creditors: amounts falling due within one year
(43,087)
(78,126)
Net current assets
84,965
54,622
Total assets less current liabilities
185,225
153,168
Creditors: amounts falling due after more than one year
(42,704)
(55,216)
Called up share capital
101
101
Share premium
59,499
59,499
Profit and loss account
82,921
38,352
Shareholders' funds
142,521
97,952
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2022 and were signed on its behalf by
Gianluca Malavasi
Director
Company Registration No. 10517274
Monte Forte Reigate Limited
Notes to the Accounts
for the year ended 31 March 2022
Monte Forte Reigate Limited is a private company, limited by shares, registered in England and Wales, registration number 10517274. The registered office is 42 Woodside Road, Purley, CR8 4LP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of goods sold to customers, exclusive of VAT.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line basis over 10 years
Plant & machinery
Straight line basis over 10 years
Fixtures & fittings
25% reducing balance
Computer equipment
Straight line basis over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Monte Forte Reigate Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2021
114,376
540
5,773
7,971
-
128,660
Additions
16,495
-
-
1,025
2,540
20,060
Disposals
-
-
(5,773)
-
-
(5,773)
At 31 March 2022
130,871
540
-
8,996
2,540
142,947
At 1 April 2021
24,855
54
1,924
3,281
-
30,114
Charge for the year
12,753
54
481
1,407
283
14,978
On disposals
-
-
(2,405)
-
-
(2,405)
At 31 March 2022
37,608
108
-
4,688
283
42,687
At 31 March 2022
93,263
432
-
4,308
2,257
100,260
At 31 March 2021
89,521
486
3,849
4,690
-
98,546
Amounts falling due within one year
Amounts due from group undertakings etc.
33,917
22,457
Accrued income and prepayments
6,358
35,167
Amounts falling due after more than one year
Amounts due from group undertakings etc.
53,687
-
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
2,650
5,000
Obligations under finance leases and hire purchase contracts
4,336
6,170
Trade creditors
7,839
26,387
Amounts owed to group undertakings and other participating interests
-
11,310
Taxes and social security
14,737
23,446
Monte Forte Reigate Limited
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
2,369
3,216
Allotted, called up and fully paid:
101 Ordinary shares of £1 each
101
101
The company's ultimate controlling party is Monte Forte Holdings Limited by virtue of their shareholding. Their registered office is 15 Tilney Drive Highwood Village, Horsham, England.
10
Average number of employees
During the year the average number of employees was 27 (2021: 8).
