Montgomery Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12500517 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

MONTGOMERY HOLDINGS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

14,405,003

14,405,003

CREDITORS

Amounts falling due within one year

5

1,470

1,470

NET CURRENT LIABILITIES

(1,470

)

(1,470

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,403,533

14,403,533

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Share premium

7

14,333,333

14,333,333

Retained earnings

7

69,200

69,200

SHAREHOLDERS' FUNDS

14,403,533

14,403,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:

L G Montgomery - Director

1.	STATUTORY INFORMATION

Montgomery Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12500517

Registered office:

46 Oxford Gardens

London

W10 5UH

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Group accounts

The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group, the company has not taken the option provided by Section 398 of the Companies Act 2006 to prepare group accounts.

Going concern

Based on current trading and future expectations, the directors are confident the company will continue to trade profitably for a period of at least 12 months and will generate sufficient cash flows to meet its obligations as they fall due for payment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2022

and 31 December 2022

14,405,003

NET BOOK VALUE

At 31 December 2022

14,405,003

At 31 December 2021

14,405,003

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Birstall Land Investments Limited

Registered office: England & Wales

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

2022

2021

£

£

Aggregate capital and reserves

14,584,292

13,447,268

Profit for the year

1,222,025

1,062,665

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Directors' current accounts

1,470

1,470

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

82,327

Ordinary A

1p

823

823

17,673

Ordinary B

1p

177

177

1,000

1,000

7.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2022

69,200

14,333,333

14,402,533

Profit for the year

85,000

85,000

Dividends

(85,000

)

(85,000

)

At 31 December 2022

69,200

14,333,333

14,402,533

8.	ULTIMATE CONTROLLING PARTY