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REGISTERED NUMBER: 04851896 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

MONSEY PROPERTIES LTD

MONSEY PROPERTIES LTD (REGISTERED NUMBER: 04851896)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MONSEY PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: C M Englander





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04851896 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MONSEY PROPERTIES LTD (REGISTERED NUMBER: 04851896)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 683 803
Investment property 6 678,000 678,000
678,683 678,803

CURRENT ASSETS
Debtors 7 2,088 -
Cash at bank 6,765 4,566
8,853 4,566
CREDITORS
Amounts falling due within one year 8 (401,476 ) (382,021 )
NET CURRENT LIABILITIES (392,623 ) (377,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,060

301,348

CREDITORS
Amounts falling due after more than one
year

9

(34,957

)

(40,223

)
NET ASSETS 251,103 261,125

CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 13 190,320 190,320
Retained earnings 13 60,683 70,705
SHAREHOLDERS' FUNDS 251,103 261,125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MONSEY PROPERTIES LTD (REGISTERED NUMBER: 04851896)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 director and authorised for issue on 14 February 2024 and were signed by:





C M Englander - Director


MONSEY PROPERTIES LTD (REGISTERED NUMBER: 04851896)

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

1. STATUTORY INFORMATION

Monsey Properties Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 4,871 180 5,051
DEPRECIATION
At 1 August 2022 4,068 180 4,248
Charge for year 120 - 120
At 31 July 2023 4,188 180 4,368
NET BOOK VALUE
At 31 July 2023 683 - 683
At 31 July 2022 803 - 803

MONSEY PROPERTIES LTD (REGISTERED NUMBER: 04851896)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 678,000
NET BOOK VALUE
At 31 July 2023 678,000
At 31 July 2022 678,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2015 190,320
Cost 487,680
678,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,088 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Social security and other taxes 234 205
Other creditors 58,222 39,996
Loan creditors 339,000 339,000
Accrued expenses 4,020 2,820
401,476 382,021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans (see note 10) 34,957 40,223

10. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 34,957 40,223

MONSEY PROPERTIES LTD (REGISTERED NUMBER: 04851896)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 34,957 40,223

The mortgage loans are secured by a first charge over the company's properties and a floating charge over the assets of the company, and bear interest at fixed rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2022 70,705 190,320 261,025
Deficit for the year (10,022 ) (10,022 )
At 31 July 2023 60,683 190,320 251,003

14. RELATED PARTY DISCLOSURES

There were no related party transactions during the year.

15. ULTIMATE CONTROLLING PARTY

The controlling party is C M Englander.