MONTROSE_CAPITAL_LIMITED - Accounts

MONTROSE CAPITAL LIMITED - Company Information

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Company Registration No. 03133858 (England and Wales)

MONTROSE CAPITAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

MONTROSE CAPITAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MONTROSE CAPITAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

7,284

8,569

Current assets

Debtors

70,912

306,150

Cash at bank and in hand

374,665

518,739

445,577

824,889

Creditors: amounts falling due within one year

(488,809)

(916,025)

Net current liabilities

(43,232)

(91,136)

Total assets less current liabilities

(35,948)

(82,567)

Capital and reserves

Called up share capital

350,000

Other reserves

1,650,000

Profit and loss account

(2,035,948)

(2,082,567)

Shareholders' funds

(35,948)

(82,567)

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 June 2017

X Thoma

Director

Company Registration No. 03133858

MONTROSE CAPITAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company meets its day to day working capital requirements through the financial support of its Director, who has undertaken not to withdraw this support for the next twelve months at least from the date of the approval of these accounts.. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

10% to 20% straight line

Fixed assets

Tangible assets

Cost

At 1 October 2015 & at 30 September 2016

20,491

Depreciation

At 1 October 2015

11,922

Charge for the year

1,285

At 30 September 2016

13,207

Net book value

At 30 September 2016

7,284

At 30 September 2015

8,569

MONTROSE CAPITAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

350,000 Ordinary shares of £1 each

350,000