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COMPANY REGISTRATION NUMBER: 11320341
Monument Five Limited
Filleted Unaudited Financial Statements
31 May 2023
Monument Five Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Current assets
Stocks
907,607
2,213,919
Debtors
4
35,000
35,000
Cash at bank and in hand
259
22,338
---------
------------
942,866
2,271,257
Creditors: amounts falling due within one year
5
1,163,673
2,361,589
------------
------------
Net current liabilities
220,807
90,332
---------
--------
Total assets less current liabilities
( 220,807)
( 90,332)
---------
--------
Net liabilities
( 220,807)
( 90,332)
---------
--------
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
( 220,808)
( 90,333)
---------
--------
Shareholders deficit
( 220,807)
( 90,332)
---------
--------
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 31 May 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 .
These financial statements were approved by the board of directors and authorised for issue on 22 May 2024 , and are signed on behalf of the board by:
Mr J Sahota
Director
Company registration number: 11320341
Monument Five Limited
Notes to the Financial Statements
Year ended 31 May 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, United Kingdom.
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.
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. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
25,000
25,000
Other debtors
10,000
10,000
--------
--------
35,000
35,000
--------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,442
Amounts owed to group undertakings and undertakings in which the company has a participating interest
910,757
1,188,603
Other creditors
251,474
1,172,986
------------
------------
1,163,673
2,361,589
------------
------------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
7. Director's advances, credits and guarantees
8. Controlling party
The company is under the control of Mr J Sahota , who is the sole shareholder and director of the company.