Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-31true2022-06-01falsepublic relations agency22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05428002 2022-06-01 2023-05-31 05428002 2021-06-01 2022-05-31 05428002 2023-05-31 05428002 2022-05-31 05428002 c:Director1 2022-06-01 2023-05-31 05428002 d:FurnitureFittings 2022-06-01 2023-05-31 05428002 d:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 05428002 d:OtherPropertyPlantEquipment 2023-05-31 05428002 d:OtherPropertyPlantEquipment 2022-05-31 05428002 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 05428002 d:Goodwill 2022-06-01 2023-05-31 05428002 d:Goodwill 2023-05-31 05428002 d:Goodwill 2022-05-31 05428002 d:CurrentFinancialInstruments 2023-05-31 05428002 d:CurrentFinancialInstruments 2022-05-31 05428002 d:Non-currentFinancialInstruments 2023-05-31 05428002 d:Non-currentFinancialInstruments 2022-05-31 05428002 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05428002 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 05428002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 05428002 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 05428002 d:ShareCapital 2023-05-31 05428002 d:ShareCapital 2022-05-31 05428002 d:RetainedEarningsAccumulatedLosses 2023-05-31 05428002 d:RetainedEarningsAccumulatedLosses 2022-05-31 05428002 c:OrdinaryShareClass1 2022-06-01 2023-05-31 05428002 c:OrdinaryShareClass1 2023-05-31 05428002 c:OrdinaryShareClass2 2022-06-01 2023-05-31 05428002 c:OrdinaryShareClass2 2023-05-31 05428002 c:FRS102 2022-06-01 2023-05-31 05428002 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 05428002 c:FullAccounts 2022-06-01 2023-05-31 05428002 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05428002














MONK PR LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

 
MONK PR LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7

 
MONK PR LIMITED
REGISTERED NUMBER:05428002

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
1,470
2,445

  
1,470
2,445

Current assets
  

Debtors
 6 
88,715
199,937

Cash at bank and in hand
  
134
56,073

  
88,849
256,010

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(68,303)
(226,484)

Net current assets
  
 
 
20,546
 
 
29,526

Total assets less current liabilities
  
22,016
31,971

Creditors: amounts falling due after more than one year
 8 
(21,567)
(31,293)

Net assets
  
449
678


Capital and reserves
  

Called up share capital 
 9 
110
110

Profit and loss account
  
339
568

  
449
678


The director considers 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 director acknowledges his 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.

Page 1

 
MONK PR LIMITED
REGISTERED NUMBER:05428002
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The Company has opted not to file the statement of comprehensive income 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 13 March 2024.



I H S Monk
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Monk PR Limited is a limited liability company registered in England and Wales, with its business office address at 2 Station Road, Gerrards Cross, Buckinghamshire SL9 8EL.
The principal activity of the Company continued to be that of a public relations agency.

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

Turnover

Turnover comprises revenue recognised by the Company in respect of fees receivable during the year, exclusive of Value Added Tax.
Revenue is recognised in the period to which it relates.

 
2.3

Intangible assets

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised in the Statement of Comprehensive Income over its estimated economic life of 10 years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
33.33% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Page 3

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.8

Financial instruments

The Company only enters into basic financial instruments 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 and loans to and from related parties.

 
2.9

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.

 
2.10

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2022
350,000


Disposals
(350,000)



At 31 May 2023

-



Amortisation


At 1 June 2022
350,000


On disposals
(350,000)



At 31 May 2023

-



Net book value



At 31 May 2023
-



At 31 May 2022
-



Page 5

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Tangible fixed assets





Fixtures, fittings & equipment

£



Cost


At 1 June 2022
22,109


Additions
1,041



At 31 May 2023

23,150



Depreciation


At 1 June 2022
19,664


Charge for the year on owned assets
2,016



At 31 May 2023

21,680



Net book value



At 31 May 2023
1,470



At 31 May 2022
2,445


6.


Debtors

2023
2022
£
£

Trade debtors
-
40,480

Amounts owed by group undertakings
82,383
-

Other debtors
4,833
142,722

Prepayments and accrued income
1,499
16,735

88,715
199,937


Page 6

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
13,392
-

Bank loans
10,000
10,000

Trade creditors
6,839
23,719

Taxation and social security
22,502
158,514

Other creditors
320
2,673

Accruals and deferred income
15,250
31,578

68,303
226,484


The bank loan is secured by way of a fixed and floating charge over the assets of the Company.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
21,567
31,293


The bank loan is secured by way of a fixed and floating charge over the assets of the Company.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100
10 Ordinary A shares of £1 each
10
10

110

110



10.


Transactions with directors

During the year the Company advanced various amounts as a loan to the director of the Company, of which £- (2022 - £137,590) remained outstanding at the reporting date. The maximum amount outstanding during the year was £235,809 (2022 - £289,034). Interest totalling £2,010 (2022 - £3,805) has been charged on this loan at the official HMRC rate.


11.


Controlling party

With effect from 14 December 2022, the Company became a wholly owned subsidiary of Woburn Partners Limited, a company registered in England and Wales.
 
Page 7