Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-317The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity7falsetruefalse 07595535 2023-04-01 2024-03-31 07595535 2022-04-01 2023-03-31 07595535 2024-03-31 07595535 2023-03-31 07595535 c:Director1 2023-04-01 2024-03-31 07595535 c:Director2 2023-04-01 2024-03-31 07595535 c:Director3 2023-04-01 2024-03-31 07595535 c:Director4 2023-04-01 2024-03-31 07595535 c:Director5 2023-04-01 2024-03-31 07595535 c:Director6 2023-04-01 2024-03-31 07595535 c:Director7 2023-04-01 2024-03-31 07595535 c:RegisteredOffice 2023-04-01 2024-03-31 07595535 c:Agent1 2023-04-01 2024-03-31 07595535 d:FreeholdInvestmentProperty 2024-03-31 07595535 d:FreeholdInvestmentProperty 2023-03-31 07595535 d:CurrentFinancialInstruments 2024-03-31 07595535 d:CurrentFinancialInstruments 2023-03-31 07595535 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07595535 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07595535 d:ShareCapital 2024-03-31 07595535 d:ShareCapital 2023-03-31 07595535 d:RetainedEarningsAccumulatedLosses 2024-03-31 07595535 d:RetainedEarningsAccumulatedLosses 2023-03-31 07595535 c:FRS102 2023-04-01 2024-03-31 07595535 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07595535 c:FullAccounts 2023-04-01 2024-03-31 07595535 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07595535 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 07595535







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


MONBELL LIMITED






































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MONBELL LIMITED
 


 
COMPANY INFORMATION


Directors
K. T. Fattal 
J. S. Fleming 
S. M. S. Kashi 
G. E. Fattal 
L. A. Fattal 
E. R. Fattal 
J. G. Fattal 




Registered number
07595535



Registered office
3-5 Fashion Street

London

E1 6PX




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY




Bankers
Lloyds Bank Plc
35 Whitechapel High Street

London

E1 7PH





 


MONBELL LIMITED
 



CONTENTS



Page
Accountants' Report
1
Statement of Financial Position
2
Notes to the Financial Statements
3 - 5


 


MONBELL LIMITED
 

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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MONBELL LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Monbell Limited for the year ended 31 March 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a 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: www.icaew.com/en/members/regulations-standards-and-guidance/.


This report is made solely to the Board of Directors of Monbell Limited, as a body, in accordance with the terms of our engagement letter dated 21 October 2021Our work has been undertaken solely to prepare for your approval the financial statements of Monbell Limited and state those matters that we have agreed to state to the Board of Directors of Monbell Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Monbell Limited and its Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Monbell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Monbell Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Monbell 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 financial statements.




$AccRepSigner

Menzies LLP
Chartered Accountants
Ashcombe House
5 The Crescent
Leatherhead
Surrey
KT22 8DY


30 July 2024
$AccRepSignerDate

Page 1

 


MONBELL LIMITED
REGISTERED NUMBER:07595535



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 3 
745,556
745,556

  
745,556
745,556

Current assets
  

Cash at bank and in hand
  
198,722
111,389

  
198,722
111,389

Creditors: amounts falling due within one year
 4 
(384,359)
(373,949)

Net current liabilities
  
 
 
(185,637)
 
 
(262,560)

Total assets less current liabilities
  
559,919
482,996

  

Net assets
  
559,919
482,996


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1,000
1,000

Profit and loss account
  
558,919
481,996

  
559,919
482,996


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 by: 


S. M. S. Kashi
Director

Date: 29 July 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


MONBELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

  
1.1

General information

The company is a private company limited by shares and incorporated in England and Wales. The address of the registered office is disclosed on the company information page. There is no trading address. The presentation currency is £ sterling.

 
1.2

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

  
1.4

Revenue

Revenue is recognised on a rent receivable basis to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

  
1.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
1.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


2.


Employees




The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 3

 


MONBELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
745,556



At 31 March 2024
745,556

The 2024 valuations were made by the directors, on an open market value for existing use basis.





4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
266,860
265,000

Corporation tax
25,110
16,734

Other creditors
90,529
90,529

Accruals and deferred income
1,860
1,686

384,359
373,949


Page 4

 


MONBELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Transactions with directors

At the year end there was a balance on the directors current account of £529 (2023: £529) which is included within other creditors above. This amount was advanced to the company, there has been no movement on this balance from the previous accounting period. No interest was charged on the balance.
Included in other creditors are amounts of £265,000 (2023: £415,000) that relate to an interest free loan received from Pennine Import & Export Limited a company controlled by E.R and J.G Fattal.                                                                      


6.


Related party transactions

The directors are of the opinion that there is no one controlling party.

 
Page 5