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COMPANY REGISTRATION NUMBER: 11680970
Monument Seven Ltd
Filleted Unaudited Financial Statements
30 November 2023
Monument Seven Ltd
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Current assets
Stocks
4
750,000
750,000
Debtors
5
29,200
29,200
Cash at bank and in hand
118
25,118
---------
---------
779,318
804,318
Creditors: amounts falling due within one year
6
538,169
792,843
---------
---------
Net current assets
241,149
11,475
---------
--------
Total assets less current liabilities
241,149
11,475
Creditors: amounts falling due after more than one year
7
368,252
109,295
---------
---------
Net liabilities
( 127,103)
( 97,820)
---------
---------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
( 127,104)
( 97,821)
---------
--------
Shareholders deficit
( 127,103)
( 97,820)
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Monument Seven Ltd
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
JS Sahota
Director
Company registration number: 11680970
Monument Seven Ltd
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50 Friar Gate, Derby, Derbyshire, DE1 1DF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Interest capitalised
Interest costs and similar charges attributable to properties in the course of development are capitalised to those properties without deduction of tax relief.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Stocks
2023
2022
£
£
Raw materials and consumables
750,000
750,000
---------
---------
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
22,000
22,000
Other debtors
7,200
7,200
--------
--------
29,200
29,200
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
9,456
8,080
Amounts owed to group undertakings and undertakings in which the company has a participating interest
451,606
Other creditors
77,107
784,763
---------
---------
538,169
792,843
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
225,000
Other creditors
143,252
109,295
---------
---------
368,252
109,295
---------
---------
West One Development Finance Limited holds a floating charge over the land at Main Street, Osgathorpe, Leicestershire, the charges are fixed and floating.
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Controlling party
The company was under the control of Mr J Sahota, who is the sole shareholder and director of the company.