Christopher Montrose Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09671758 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Christopher Montrose Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Babb-Benjamin

C C Lewis

REGISTERED OFFICE:

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

REGISTERED NUMBER:

09671758 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,246

1,661

1,246

1,661

CURRENT ASSETS

Stocks

6,880

2,738

Debtors

3,199

3,144

Cash at bank

638

2,567

10,717

8,449

CREDITORS

Amounts falling due within one year

143,991

112,635

NET CURRENT LIABILITIES

(133,274

)

(104,186

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(132,028

)

(102,525

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(132,029

)

(102,526

)

SHAREHOLDERS' FUNDS

(132,028

)

(102,525

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:

C C Lewis - Director

M E Babb-Benjamin - Director

1.	STATUTORY INFORMATION

Christopher Montrose Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

The turnover represents net invoiced sales of goods, excluding value added tax, arising from coffee sales.

Intangible assets

Website costs have been fully amortised over its useful life of 2 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

Although the company had a net deficiency of funds, it meets its day to day working capital requirement through director loans. The directors have provided assurance that they continue to provide sufficient funds to enable the company to remain a going concern.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2022

and 31 July 2023

2,250

AMORTISATION

At 1 August 2022

and 31 July 2023

2,250

NET BOOK VALUE

At 31 July 2023

-

At 31 July 2022

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2022

and 31 July 2023

10,532

DEPRECIATION

At 1 August 2022

8,871

Charge for year

415

At 31 July 2023

9,286

NET BOOK VALUE

At 31 July 2023

1,246

At 31 July 2022

1,661

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.23

31.7.22

value:

£

£

2

Ordinary

50p

1

1

7.	SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23

31.7.22

£

£

C C Lewis

Balance outstanding at start of year

41,272

32,182

Amounts advanced

11,363

9,090

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,635

41,272

M E Babb-Benjamin

Balance outstanding at start of year

66,670

53,654

Amounts advanced

18,687

13,016

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

85,357

66,670