Company registration number 07727242 (England and Wales)
MONKEY BIZNESS GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 16 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
MONKEY BIZNESS GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MONKEY BIZNESS GROUP LIMITED
BALANCE SHEET
AS AT
16 JANUARY 2024
16 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
100,000
100,000
Current assets
Debtors
5
202
200
Cash at bank and in hand
-
0
39
202
239
Creditors: amounts falling due within one year
6
(99,202)
(746,476)
Net current liabilities
(99,000)
(746,237)
Net assets/(liabilities)
1,000
(646,237)
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
-
0
(647,237)
Total equity
1,000
(646,237)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 16 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 May 2024 and are signed on its behalf by:
Mr N J Stevenson
Director
Company registration number 07727242 (England and Wales)
MONKEY BIZNESS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 16 JANUARY 2024
- 2 -
1
Accounting policies
Company information

Monkey Bizness Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hophouse, Maltings Park, West Bergholt, Colchester, Essex, CO6 3TJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are measured at cost. Any accumulated impairment losses are included as a note.. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are noted immediately.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Investments, including those in subsidiary undertakings are held at fair value at the balance sheet date, with gains and losses being recognised within income and expenditure. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

MONKEY BIZNESS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 16 JANUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100,000
100,000
4
Subsidiaries

Details of the company's subsidiaries at 16 January 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Monkey Bizness Play Limited
England and Wales
Ordinary
100.00
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
202
200
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
99,202
746,476
MONKEY BIZNESS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 16 JANUARY 2024
- 4 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
8
Related party transactions

The company has taken advantage of the exemption available in FRS 102 1A Section 33 "Related party disclosures" whereby it has not disclosed transactions with any wholly owned subsidiary of the group.

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