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REGISTERED NUMBER: 10130339 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MONOPOLY 17 LIMITED

MONOPOLY 17 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: B J Harding
I M Hunt
A B Spinks





SECRETARY: Burns Property Management & Lettings Limited





REGISTERED OFFICE: 1 Lowther Gardens
Bournemouth
Dorset
BH8 8NF





REGISTERED NUMBER: 10130339 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

MONOPOLY 17 LIMITED (REGISTERED NUMBER: 10130339)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their report with the financial statements of the company for the year ended 30 April 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

B J Harding
I M Hunt
A B Spinks

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Burns Property Management & Lettings Limited - Secretary


29 October 2024

MONOPOLY 17 LIMITED (REGISTERED NUMBER: 10130339)

INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 1,000 1,000

Administrative expenses 811 629
OPERATING SURPLUS and
SURPLUS BEFORE TAXATION 189 371

Tax on surplus 4 36 70
SURPLUS FOR THE FINANCIAL
YEAR

153

301

MONOPOLY 17 LIMITED (REGISTERED NUMBER: 10130339)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,333 9,333

CURRENT ASSETS
Debtors 6 1,913 2,593

CREDITORS
Amounts falling due within one year 7 576 529
NET CURRENT ASSETS 1,337 2,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,670

11,397

CREDITORS
Amounts falling due after more than one
year

8

8,453

9,333
NET ASSETS 2,217 2,064

RESERVES
Income and expenditure account 2,217 2,064
2,217 2,064

MONOPOLY 17 LIMITED (REGISTERED NUMBER: 10130339)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared 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 29 October 2024 and were signed on its behalf by:





B J Harding - Director


MONOPOLY 17 LIMITED (REGISTERED NUMBER: 10130339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Monopoly 17 Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover in the profit and loss account represents ground rents invoiced during the year.

Tangible fixed assets
Fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TAXATION

Analysis of the tax charge
The tax charge on the surplus for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 36 70
Tax on surplus 36 70

MONOPOLY 17 LIMITED (REGISTERED NUMBER: 10130339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 May 2023
and 30 April 2024 9,333
NET BOOK VALUE
At 30 April 2024 9,333
At 30 April 2023 9,333

The freehold has been written down in respect of the 4 flats (out of 6) that participated in the original freehold purchase.

The value carried forward is equal to the share of the 2 remaining non participators.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from service charge 1,913 2,593

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 444 409
Accruals and deferred income 132 120
576 529

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Members loans 8,453 9,333

The 4 original members loaned funds to the company to acquire the freehold interest of the 6 flats at Monopoly, 11 St Osmund Road. The loans are interest free and have not set date for repayment.

9. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.