Company Registration No. 11131227 (England and Wales)
THE MONOPOLY PROPERTY TEAM LIMITED
Unaudited accounts
for the year ended 31 January 2024
THE MONOPOLY PROPERTY TEAM LIMITED
Unaudited accounts
Contents
THE MONOPOLY PROPERTY TEAM LIMITED
Company Information
for the year ended 31 January 2024
Directors
L M Anthoney
R D Anthoney
Company Number
11131227 (England and Wales)
Registered Office
79 CLEVEDON ROAD
FAILAND
BRISTOL
BS8 3UL
UNITED KINGDOM
Accountants
Space Advisory and Accountancy Limited
19 Malago Drive
Bristol
BS3 5DR
THE MONOPOLY PROPERTY TEAM LIMITED
Statement of financial position
as at 31 January 2024
Investment property
1,935,000
1,935,000
Cash at bank and in hand
7,661
6,622
Creditors: amounts falling due within one year
(747,193)
(1,348,094)
Net current liabilities
(739,532)
(1,341,472)
Total assets less current liabilities
1,195,468
593,528
Creditors: amounts falling due after more than one year
(1,050,000)
(432,500)
Provisions for liabilities
Deferred tax
(30,703)
(30,703)
Net assets
114,765
130,325
Called up share capital
100
100
Profit and loss account
114,665
130,225
Shareholders' funds
114,765
130,325
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
L M Anthoney
Director
Company Registration No. 11131227
THE MONOPOLY PROPERTY TEAM LIMITED
Notes to the Accounts
for the year ended 31 January 2024
THE MONOPOLY PROPERTY TEAM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11131227. The registered office is 79 CLEVEDON ROAD, FAILAND, BRISTOL, BS8 3UL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rental income excluding VAT based on rents due for the period of the accounts.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 February 2023
1,935,000
At 31 January 2024
1,935,000
The original cost of the properties were £1,751,935.
The directors value the properties as at 31 January 2024 at £1,935,000.
THE MONOPOLY PROPERTY TEAM LIMITED
Notes to the Accounts
for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
621,000
Loans from directors
746,093
726,394
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,050,000
432,500
This represents a bank loan secured against the property portfolio.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).