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REGISTERED NUMBER: 07464913 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

MONSTERCAM LIMITED

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONSTERCAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: P J Hill
T G Stubington
N Phelps



REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



REGISTERED NUMBER: 07464913 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: HSBC
31 Chequer Street
St Albans
Hertfordshire
AL1 3YN

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,729,291 5,802,559
Investments 5 100 100
5,729,391 5,802,659

CURRENT ASSETS
Debtors 6 46,200 31,281
Cash at bank 55,066 20,560
101,266 51,841
CREDITORS
Amounts falling due within one year 7 278,083 375,426
NET CURRENT LIABILITIES (176,817 ) (323,585 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,552,574 5,479,074

CREDITORS
Amounts falling due after more than one year 8 (2,496,207 ) (2,530,415 )

PROVISIONS FOR LIABILITIES (601,443 ) (572,761 )
NET ASSETS 2,454,924 2,375,898

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 11 2,454,624 2,375,598
SHAREHOLDERS' FUNDS 2,454,924 2,375,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

BALANCE SHEET - continued
30TH JUNE 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 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 25th October 2023 and were signed on its behalf by:





T G Stubington - Director


MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Monstercam 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - over period of lease
Plant and machinery - Straight line over 10 years
Fixtures and fittings - 15% on reducing balance
HSM Modal Machine - 10% on reducing balance
Computer equipment - 33.3% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST OR VALUATION
At 1st July 2022 5,007,708 163,850 153,031
Additions - 6,235 18,186
At 30th June 2023 5,007,708 170,085 171,217
DEPRECIATION
At 1st July 2022 - 80,126 37,749
Charge for year - 16,570 20,021
At 30th June 2023 - 96,696 57,770
NET BOOK VALUE
At 30th June 2023 5,007,708 73,389 113,447
At 30th June 2022 5,007,708 83,724 115,282

HSM Modal Computer
Machine equipment Totals
£    £    £   
COST OR VALUATION
At 1st July 2022 770,000 18,588 6,113,177
Additions - 3,058 27,479
At 30th June 2023 770,000 21,646 6,140,656
DEPRECIATION
At 1st July 2022 180,818 11,925 310,618
Charge for year 58,918 5,238 100,747
At 30th June 2023 239,736 17,163 411,365
NET BOOK VALUE
At 30th June 2023 530,264 4,483 5,729,291
At 30th June 2022 589,182 6,663 5,802,559

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30th June 2023 is represented by:

Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   

Valuation in 2020 2,914,027 - -
Valuation in 2022 (648,223 ) - -
Valuation in 2023 - 6,235 18,186
Cost 2,741,904 163,850 153,031
5,007,708 170,085 171,217

HSM Modal Computer
Machine equipment Totals
£    £    £   
Valuation in 2018 65,648 - 65,648
Valuation in 2020 35,000 - 2,949,027
Valuation in 2022 340,000 - (308,223 )
Valuation in 2023 - 3,058 27,479
Cost 329,352 18,588 3,406,725
770,000 21,646 6,140,656

The long leasehold was professionally valued on a long leasehold market value basis by Daniells Harrison Chartered Surveyors on 7th October 2020, in accordance with RICS Professional Standards and Guidance, Global: RICS Property Measurement 2nd Edition, January 2018.

The HSM Modal Machine was professionally valued by Hilco Valuation Services on 7th November 2018. Their valuation reflects the market value of the company's machine as of that date. The directors have valued the second machine purchased in 2020 on the same basis.

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1st July 2022
and 30th June 2023 24,155
DEPRECIATION
At 1st July 2022 9,662
Charge for year 2,415
At 30th June 2023 12,077
NET BOOK VALUE
At 30th June 2023 12,078
At 30th June 2022 14,493

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2022
and 30th June 2023 100
NET BOOK VALUE
At 30th June 2023 100
At 30th June 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 46,200 31,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 70,000 105,000
Trade creditors - 59,190
Amounts owed to group undertakings 119,568 111,179
Taxation and social security 17,560 21,802
Other creditors 70,955 78,255
278,083 375,426

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 2,496,207 2,530,415

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 2,496,207 2,530,415

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Debentures 2,566,207 2,635,415

HSBC Bank plc holds a fixed and floating charge over all assets. Floating charge covers all property or undertakings of the company. Contains negative pledge.

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
300 Ordinary shares £1 300 300

11. RESERVES
Retained
earnings
£   

At 1st July 2022 2,375,598
Profit for the year 169,026
Dividends (90,000 )
At 30th June 2023 2,454,624