Company Registration No. 10517274 (England and Wales)
Monte Forte Reigate Limited
Unaudited accounts
for the year ended 31 March 2021
Monte Forte Reigate Limited
Company Information
for the year ended 31 March 2021
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 2021
Tangible assets
98,546
96,349
Cash at bank and in hand
70,225
32,526
Creditors: amounts falling due within one year
(78,126)
(92,742)
Net current assets/(liabilities)
54,622
(49,537)
Total assets less current liabilities
153,168
46,812
Creditors: amounts falling due after more than one year
(55,216)
(5,405)
Called up share capital
101
101
Share premium
59,499
59,499
Profit and loss account
38,352
(18,193)
Shareholders' funds
97,952
41,407
For the year ending 31 March 2021 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 21 June 2021 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 2021
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
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
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
104,612
-
-
6,872
111,484
Additions
9,764
540
5,773
1,099
17,176
At 31 March 2021
114,376
540
5,773
7,971
128,660
At 1 April 2020
13,417
-
-
1,718
15,135
Charge for the year
11,438
54
1,924
1,563
14,979
At 31 March 2021
24,855
54
1,924
3,281
30,114
At 31 March 2021
89,521
486
3,849
4,690
98,546
At 31 March 2020
91,195
-
-
5,154
96,349
Monte Forte Reigate Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Amounts due from group undertakings etc.
22,457
-
Accrued income and prepayments
35,167
8,167
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
5,000
-
Obligations under finance leases and hire purchase contracts
6,170
3,604
Trade creditors
26,387
6,141
Amounts owed to group undertakings and other participating interests
11,310
28,251
Taxes and social security
23,446
30,928
Other creditors
5,813
18,286
Loans from directors
-
5,532
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
3,216
5,405
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 42 Woodside Road, Purley, CR8 4LP, England.
10
Average number of employees
During the year the average number of employees was 8 (2020: 8).
