Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3142022-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false4No description of principal activitytruetrue 1323056 2022-04-01 2023-03-31 1323056 2021-04-01 2022-03-31 1323056 2023-03-31 1323056 2022-03-31 1323056 c:Director1 2022-04-01 2023-03-31 1323056 c:Director2 2022-04-01 2023-03-31 1323056 d:CurrentFinancialInstruments 2023-03-31 1323056 d:CurrentFinancialInstruments 2022-03-31 1323056 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 1323056 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 1323056 d:ShareCapital 2023-03-31 1323056 d:ShareCapital 2022-03-31 1323056 d:RetainedEarningsAccumulatedLosses 2023-03-31 1323056 d:RetainedEarningsAccumulatedLosses 2022-03-31 1323056 c:FRS102 2022-04-01 2023-03-31 1323056 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 1323056 c:FullAccounts 2022-04-01 2023-03-31 1323056 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 1323056










MONARCH HOMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
MONARCH HOMES LIMITED
REGISTERED NUMBER: 1323056

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
1,234
1,234

Cash at bank and in hand
 5 
13,088
13,749

  
14,322
14,983

Creditors: amounts falling due within one year
 6 
(2,162)
(2,162)

Net current assets
  
 
 
12,160
 
 
12,821

Total assets less current liabilities
  
12,160
12,821

  

Net assets
  
12,160
12,821


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
12,154
12,815

  
12,160
12,821


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 September 2023.




M C Hall
G E Hall
Director
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
MONARCH HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares and was incorporated in England and Wales. The principal place of business is:
Kingsridge House,
601 London Road,
Westcliff-on-Sea,
Essex,
SS0 9PE.
The registered company number is 01323056.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in
Page 2

 
MONARCH HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Stocks

2023
2022
£
£

Raw materials and consumables
1,234
1,234

1,234
1,234



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
13,087
13,749

13,087
13,749



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
468
468

Other creditors
1,694
1,694

2,162
2,162



7.


Related party transactions

At 31 March 2022 Other creditors included directors loan accounts £1,694 (2021 £1,694).


Page 3