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REGISTERED NUMBER: 11468958 (England and Wales)




















Financial Statements

for the Year Ended 29 February 2024

for

MONDAY PROPERTY LTD

MONDAY PROPERTY LTD (REGISTERED NUMBER: 11468958)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONDAY PROPERTY LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D L Smith
C Smith





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11468958 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

MONDAY PROPERTY LTD (REGISTERED NUMBER: 11468958)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 4,516
Tangible assets 5 - 259
Investment property 6 101,306 101,306
101,306 106,081

CURRENT ASSETS
Debtors 7 435 890
Cash at bank 12,823 15,253
13,258 16,143
CREDITORS
Amounts falling due within one year 8 (100,735 ) (100,223 )
NET CURRENT LIABILITIES (87,477 ) (84,080 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,829

22,001

CREDITORS
Amounts falling due after more than one
year

9

(71,646

)

(71,640

)
NET LIABILITIES (57,817 ) (49,639 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (57,917 ) (49,739 )
SHAREHOLDERS' FUNDS (57,817 ) (49,639 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

MONDAY PROPERTY LTD (REGISTERED NUMBER: 11468958)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:




D L Smith - Director



C Smith - Director


MONDAY PROPERTY LTD (REGISTERED NUMBER: 11468958)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Monday Property 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

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 - Straight line over 5 years

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

MONDAY PROPERTY LTD (REGISTERED NUMBER: 11468958)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 22,580
AMORTISATION
At 1 March 2023 18,064
Charge for year 4,516
At 29 February 2024 22,580
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 4,516

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 1,287
DEPRECIATION
At 1 March 2023 1,028
Charge for year 259
At 29 February 2024 1,287
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 259

MONDAY PROPERTY LTD (REGISTERED NUMBER: 11468958)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 101,306
NET BOOK VALUE
At 29 February 2024 101,306
At 28 February 2023 101,306

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 435 890

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 100,735 100,223

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 71,646 71,640

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 71,646 71,640

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 71,646 71,640

The mortgage provided by Castle Trust Capital Plc is secured against the freehold interest in the land and property known as 153 Plantshill Crescent by way of a fixed charge.

MONDAY PROPERTY LTD (REGISTERED NUMBER: 11468958)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.