Monk & Partners Residential Services Limited 07530669 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is residential surveys. Digita Accounts Production Advanced 6.30.9574.0 true 07530669 2022-04-01 2023-03-31 07530669 2023-03-31 07530669 core:CurrentFinancialInstruments 2023-03-31 07530669 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07530669 core:FurnitureFittingsToolsEquipment 2023-03-31 07530669 bus:SmallEntities 2022-04-01 2023-03-31 07530669 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07530669 bus:FullAccounts 2022-04-01 2023-03-31 07530669 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07530669 bus:RegisteredOffice 2022-04-01 2023-03-31 07530669 bus:Director1 2022-04-01 2023-03-31 07530669 bus:Director2 2022-04-01 2023-03-31 07530669 bus:Director3 2022-04-01 2023-03-31 07530669 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07530669 bus:Agent1 2022-04-01 2023-03-31 07530669 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 07530669 core:OfficeEquipment 2022-04-01 2023-03-31 07530669 countries:EnglandWales 2022-04-01 2023-03-31 07530669 2022-03-31 07530669 core:FurnitureFittingsToolsEquipment 2022-03-31 07530669 2021-04-01 2022-03-31 07530669 2022-03-31 07530669 core:CurrentFinancialInstruments 2022-03-31 07530669 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07530669 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07530669

Monk & Partners Residential Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Monk & Partners Residential Services Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Monk & Partners Residential Services Limited

Company Information

Directors

Mr J H Slade

Mr D A Monk

Ms Jodie Macmillan

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Monk & Partners Residential Services Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Monk & Partners Residential Services Limited for the year ended 31 March 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Monk & Partners Residential Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Monk & Partners Residential Services Limited and state those matters that we have agreed to state to the Board of Directors of Monk & Partners Residential Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Monk & Partners Residential Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Monk & Partners Residential Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Monk & Partners Residential Services Limited. You consider that Monk & Partners Residential Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Monk & Partners Residential Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

1 November 2023

 

Monk & Partners Residential Services Limited

(Registration number: 07530669)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

89

174

 

89

174

Current assets

 

Debtors

5

10,977

14,422

Cash at bank and in hand

 

5,847

17,808

 

16,824

32,230

Creditors: Amounts falling due within one year

6

(8,652)

(6,959)

Net current assets

 

8,172

25,271

Net assets

 

8,261

25,445

Capital and reserves

 

Called up share capital

101

101

Retained earnings

8,160

25,344

Shareholders' funds

 

8,261

25,445

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 November 2023 and signed on its behalf by:
 

.........................................
Ms Jodie Macmillan
Director

   
     
 

Monk & Partners Residential Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
4 The Crescent
Plymouth
Devon
PL1 3AB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of surveying services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Monk & Partners Residential Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Asset class

Depreciation method and rate

Office equipment

33% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

259

259

At 31 March 2023

259

259

Depreciation

At 1 April 2022

85

85

Charge for the year

85

85

At 31 March 2023

170

170

Carrying amount

At 31 March 2023

89

89

At 31 March 2022

174

174

5

Debtors

Note

2023
£

2022
£

Trade debtors

 

2,450

1,300

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8,527

12,522

Other debtors

 

-

600

 

10,977

14,422

 

Monk & Partners Residential Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

529

275

Taxation and social security

4,903

4,137

Accruals and deferred income

2,221

2,010

Other creditors

999

537

8,652

6,959