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REGISTERED NUMBER: 13129085 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Leonardo Monzon Limited

Leonardo Monzon Limited (Registered number: 13129085)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Leonardo Monzon Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: L Monzon





SECRETARY: Ms N M Lock





REGISTERED OFFICE: Oak Tree Cottage
Woodhouse Lane
Great Horkesley
Colchester
CO6 4BB





REGISTERED NUMBER: 13129085 (England and Wales)





ACCOUNTANTS: Sawin & Edwards LLP Chartered Accountants
Studio 16
Cloisters House
8 Battersea Park Road
London
SW8 4BG

Leonardo Monzon Limited (Registered number: 13129085)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,127 4,194

CURRENT ASSETS
Stocks - 8,212
Debtors 5 105,000 -
Prepayments and accrued income 9,108 3,499
Cash at bank 17,273 70,084
131,381 81,795
CREDITORS
Amounts falling due within one year 6 (37,671 ) (17,392 )
NET CURRENT ASSETS 93,710 64,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,837

68,597

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 106,836 68,596
106,837 68,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

Leonardo Monzon Limited (Registered number: 13129085)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





L Monzon - Director


Leonardo Monzon Limited (Registered number: 13129085)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements present information about the company as a single entity.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leonardo Monzon Limited (Registered number: 13129085)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments.

Debtors and creditors
Basic financial assets and liabilities, including trade debtors and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and at bank.

Going concern
The director considers that there are no material uncertainties about the company's ability to continue as a going concern. In forming their opinion, the director has considered a period of one year from the date of signing of the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 6,915
Additions 15,478
At 31 January 2024 22,393
DEPRECIATION
At 1 February 2023 2,721
Charge for year 6,545
At 31 January 2024 9,266
NET BOOK VALUE
At 31 January 2024 13,127
At 31 January 2023 4,194

Leonardo Monzon Limited (Registered number: 13129085)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 105,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,903 4,465
Other creditors 27,768 12,927
37,671 17,392

7. DIRECTOR'S ADVANCES

The following advances to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
L Monzon
Balance outstanding at start of year - -
Amounts advanced 105,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,000 -

During the year, the company advanced the director £105,000 in the form of a loan, at the HMRC Official rate of interest, being 2.25%. The loan is due for repayment upon the completion of the disposal of a property held personally by the director. Completion took place after the year end at which time the loan was repaid. Interest accruing on the loan during the year and amounting to £738, was repaid by the director during the year.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .

During the year, the director paid expenses on behalf of the company amounting to £25,844 (2023: £11,427) and repaid loan interest to the company of £738 (2023: £Nil). At the year end, the company owed the director £26,106 (2023: £11,427).