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Registered number: 10908190










MONUMENT TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
MONUMENT TRADING LIMITED
 
 
COMPANY INFORMATION


Director
J P Carrington 




Registered number
10908190



Registered office
Burewood
Beech Road

Wroxham




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
MONUMENT TRADING LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 7


 
MONUMENT TRADING LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MONUMENT TRADING LIMITED
FOR THE PERIOD ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Monument Trading Limited for the period ended 31 January 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the director of Monument Trading Limited in accordance with the terms of our engagement letter dated 27 January 2021Our work has been undertaken solely to prepare for your approval the financial statements of Monument Trading Limited and state those matters that we have agreed to state to the director of Monument Trading Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Monument Trading Limited and its director for our work or for this report. 

It is your duty to ensure that Monument Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Monument Trading Limited. You consider that Monument Trading Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Monument Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
23 October 2024
Page 1

 
MONUMENT TRADING LIMITED
REGISTERED NUMBER: 10908190

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,875
-

Current assets
  

Stocks
  
1,018,904
597,499

Debtors: amounts falling due within one year
 5 
1,132
2,099

Cash at bank and in hand
  
61,353
41,534

  
1,081,389
641,132

Creditors: amounts falling due within one year
 6 
(4,733)
(8,061)

Net current assets
  
 
 
1,076,656
 
 
633,071

Total assets less current liabilities
  
1,078,531
633,071

Creditors: amounts falling due after more than one year
 7 
(993,730)
(572,324)

  

Net assets
  
84,801
60,747


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
84,701
60,647

  
84,801
60,747


Page 2

 
MONUMENT TRADING LIMITED
REGISTERED NUMBER: 10908190
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 profit and loss account 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: 



................................................
J P Carrington
Director

Date: 23 October 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MONUMENT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Monument Trading Limited is a private company limited by shares incorporated in England and Wales, registration number 10908190. The registered office is Burewood, Beech Road, Wroxham, Norwich, Norfolk, NR12 8TP. 

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

Turnover

Turnover comprises rental income from development properties on long term protected tenancies. 

 
2.3

Borrowing costs

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

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

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.

Page 4

 
MONUMENT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line

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.

 
2.6

Stocks

Stock is valued at the lower of cost and net realisable value. Cost includes direct costs. Net realisable
value is based upon the director's estimate of the potential sales value of the development property held.

 
2.7

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.

 
2.8

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.

 
2.9

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 period was 1 (2023 - 1).

Page 5

 
MONUMENT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
2,500



At 31 January 2024

2,500



Depreciation


Charge for the period on owned assets
625



At 31 January 2024

625



Net book value



At 31 January 2024
1,875



At 31 January 2023
-


5.


Debtors

2024
2023
£
£


Other debtors
491
1,999

Called up share capital not paid
100
100

Prepayments and accrued income
541
-

1,132
2,099


Page 6

 
MONUMENT TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,428
1,035

Corporation tax
1,179
5,946

Other creditors
992
-

Accruals and deferred income
1,134
1,080

4,733
8,061



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
993,730
572,324

993,730
572,324



8.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



50 (2023 - 50) Ordinary A shares of £1.00 each
50
50
50 (2023 - 50) Ordinary B shares of £1.00 each
50
50

100

100



9.


Transactions with directors

At 31 January 2024, a balance of £992 was owed to (2023: £1,508 by) the director from the Company. The loan is interest free, repayable on demand and included within other creditors in note 7 to the financial statements.

 
Page 7