Company Registration No. 12159399 (England and Wales)
Monte Forte Horsham Limited
Unaudited accounts
for the year ended 31 March 2022
Monte Forte Horsham Limited
Company Information
for the year ended 31 March 2022
Directors
P M Malavasi
G P Malavasi
D O Whebell
Company Number
12159399 (England and Wales)
Registered Office
15 Tilney Drive
Highwood Village
Horsham
West Sussex
RH12 1PG
Accountants
Clark's Accountancy
119 Albury Road
Merstham
Surrey
RH1 3LW
Monte Forte Horsham Limited
Statement of financial position
as at 31 March 2022
Called up share capital not paid
10
10
Tangible assets
264,639
3,063
Cash at bank and in hand
23,254
-
Creditors: amounts falling due within one year
(124,522)
(3,063)
Net current liabilities
(59,665)
(3,063)
Total assets less current liabilities
204,984
10
Creditors: amounts falling due after more than one year
(307,385)
-
Net (liabilities)/assets
(102,401)
10
Called up share capital
10
10
Profit and loss account
(102,411)
-
Shareholders' funds
(102,401)
10
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
G P Malavasi
Director
Company Registration No. 12159399
Monte Forte Horsham Limited
Notes to the Accounts
for the year ended 31 March 2022
Monte Forte Horsham Limited is a private company, limited by shares, registered in England and Wales, registration number 12159399. The registered office is 15 Tilney Drive, Highwood Village, Horsham, West Sussex, RH12 1PG.
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.
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
20% reducing balance
Computer equipment
Straight line over 3 years
Turnover represents the costs of goods sold to customers, exclusive of VAT.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
3,063
-
-
-
3,063
Additions
226,654
53,687
3,278
2,919
286,538
At 31 March 2022
229,717
53,687
3,278
2,919
289,601
Charge for the year
19,373
4,373
656
560
24,962
At 31 March 2022
19,373
4,373
656
560
24,962
At 31 March 2022
210,344
49,314
2,622
2,359
264,639
At 31 March 2021
3,063
-
-
-
3,063
Monte Forte Horsham Limited
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due within one year
Accrued income and prepayments
38,950
-
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
26,274
-
Trade creditors
30,298
3,676
Taxes and social security
34,339
-
Loans from directors
1,838
-
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
79,453
-
Amounts owed to group undertakings and other participating interests
227,932
-
8
Transactions with related parties
At the 31 March 2022 included in amounts due to group companies in more than one year is £52,287 owed to Monte Forte Reigate Limited, a company controlled by Monte Forte Holdings Limited., and £175,645 owed to Monte Forte Holdings Limited.
Both companies have confirmed that the loans will not be need to be repaid within the next 12 months.
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, RH12 1PG.
10
Average number of employees
During the year the average number of employees was 3 (2021: 3).
