Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13878552 2023-02-01 2024-01-31 13878552 2022-01-28 2023-01-31 13878552 2024-01-31 13878552 2023-01-31 13878552 c:Director1 2023-02-01 2024-01-31 13878552 d:FurnitureFittings 2023-02-01 2024-01-31 13878552 d:FurnitureFittings 2024-01-31 13878552 d:FurnitureFittings 2023-01-31 13878552 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13878552 d:LeaseholdInvestmentProperty 2024-01-31 13878552 d:LeaseholdInvestmentProperty 2023-01-31 13878552 d:CurrentFinancialInstruments 2024-01-31 13878552 d:CurrentFinancialInstruments 2023-01-31 13878552 d:Non-currentFinancialInstruments 2024-01-31 13878552 d:Non-currentFinancialInstruments 2023-01-31 13878552 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13878552 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13878552 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13878552 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13878552 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 13878552 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 13878552 d:ShareCapital 2024-01-31 13878552 d:ShareCapital 2023-01-31 13878552 d:RetainedEarningsAccumulatedLosses 2024-01-31 13878552 d:RetainedEarningsAccumulatedLosses 2023-01-31 13878552 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13878552 c:OrdinaryShareClass1 2024-01-31 13878552 c:OrdinaryShareClass1 2023-01-31 13878552 c:FRS102 2023-02-01 2024-01-31 13878552 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13878552 c:FullAccounts 2023-02-01 2024-01-31 13878552 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13878552 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13878552










MONAGHAN MEWS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
MONAGHAN MEWS LTD
REGISTERED NUMBER: 13878552

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,104
4,725

Investment Property
 5 
890,301
890,301

  
894,405
895,026

Current assets
  

Debtors: amounts falling due within one year
  
-
500

Bank and cash balances
  
4,653
4,335

  
4,653
4,835

Creditors: amounts falling due within one year
 7 
(279,515)
(280,482)

Net current liabilities
  
 
 
(274,862)
 
 
(275,647)

Total assets less current liabilities
  
619,543
619,379

Creditors: amounts falling due after more than one year
 8 
(623,990)
(623,990)

  

Net liabilities
  
(4,447)
(4,611)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(4,449)
(4,613)

  
(4,447)
(4,611)


Page 1

 
MONAGHAN MEWS LTD
REGISTERED NUMBER: 13878552
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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: 






I M Colley
Director

Date: 30 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MONAGHAN MEWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Monaghan Mews Ltd (13878552) is a private company limited by shares and incorporated in England & Wales. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

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:

 
2.2

Going concern

At the year end the company's liabilities exceed its assets by £4,447 (2023 - £4,611). The company meets its day to day working capital requirements through the support of the directors' loans to the company. The Directors have indicated their willingness to continue to do so; the directors have therefore produced the financial statements on a going concern basis. 

 
2.3

Revenue

Revenue is recognised 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 
MONAGHAN MEWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
MONAGHAN MEWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2023
5,477


Additions
499



At 31 January 2024

5,976



Depreciation


At 1 February 2023
752


Charge for the year on owned assets
1,120



At 31 January 2024

1,872



Net book value



At 31 January 2024
4,104



At 31 January 2023
4,725

Page 5

 
MONAGHAN MEWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 February 2023
890,301



At 31 January 2024
890,301

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





6.


Debtors

2024
2023
£
£


Prepayments and accrued income
-
500

-
500



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
275,179
275,184

Accruals and deferred income
4,336
5,298

279,515
280,482



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
623,990
623,990


Page 6

 
MONAGHAN MEWS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
623,990
623,990



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1 each
2
2


 
Page 7