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REGISTERED NUMBER: 03694049 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

MONSERAY HOMES LIMITED

MONSERAY HOMES LIMITED (REGISTERED NUMBER: 03694049)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONSERAY HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: N Simao
G Dwyer





SECRETARY: G Dwyer





REGISTERED OFFICE: Monseray Place
121 Bedford Hill
London
SW12 9HE





REGISTERED NUMBER: 03694049 (England and Wales)






MONSERAY HOMES LIMITED (REGISTERED NUMBER: 03694049)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 314 418
Investment property 5 3,025,000 3,025,000
3,025,314 3,025,418

CURRENT ASSETS
Debtors 6 357,795 337,758
Cash at bank 3,860 5,842
361,655 343,600
CREDITORS
Amounts falling due within one year 7 (20,099 ) (21,306 )
NET CURRENT ASSETS 341,556 322,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,366,870

3,347,712

CREDITORS
Amounts falling due after more than one
year

8

(1,520,330

)

(1,528,037

)

PROVISIONS FOR LIABILITIES (385,217 ) (292,765 )
NET ASSETS 1,461,323 1,526,910

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 1,660,237 1,752,689
Retained earnings 10 (198,916 ) (225,781 )
SHAREHOLDERS' FUNDS 1,461,323 1,526,910

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

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

MONSERAY HOMES LIMITED (REGISTERED NUMBER: 03694049)

BALANCE SHEET - continued
31ST JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2023 and were signed on its behalf by:





G Dwyer - Director


MONSERAY HOMES LIMITED (REGISTERED NUMBER: 03694049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

Monseray Homes 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable from property investments.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
The company is reliant on the continued support of its directors to continue trading.On this basis the financial statements have been prepared on a going concern basis.The financial statements do not include any adjustments that may be required from a withdrawal of such financial support.

3. EMPLOYEES AND DIRECTORS

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

MONSERAY HOMES LIMITED (REGISTERED NUMBER: 03694049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st February 2022
and 31st January 2023 13,983
DEPRECIATION
At 1st February 2022 13,565
Charge for year 104
At 31st January 2023 13,669
NET BOOK VALUE
At 31st January 2023 314
At 31st January 2022 418

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2022
and 31st January 2023 3,025,000
NET BOOK VALUE
At 31st January 2023 3,025,000
At 31st January 2022 3,025,000

Fair value at 31st January 2023 is represented by:
£   
Valuation in 2023 2,045,452
Cost 979,548
3,025,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 979,548 979,548

Investment properties were valued on an open market basis on 31 January 2023 by G Dwyer - director.

MONSERAY HOMES LIMITED (REGISTERED NUMBER: 03694049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors and prepayments 74,471 67,554
Directors' current account 283,324 270,204
357,795 337,758

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,519 8,519
Tax - 1,313
Other creditors and accruals 11,580 11,474
20,099 21,306

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,520,330 1,528,037

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,528,849 1,536,556

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st February 2022 (225,781 ) 1,752,689 1,526,908
Deficit for the year (65,587 ) (65,587 )
Reserves transfer 92,452 (92,452 ) -
At 31st January 2023 (198,916 ) 1,660,237 1,461,321

11. RELATED PARTY DISCLOSURES

At the year end G Dwyer owed the company £283,324 (2022 £270,204).

12. GOING CONCERN

The company is considered to be a going concern based on the directors' on-going support.