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REGISTERED NUMBER: 07464913 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

MONSTERCAM LIMITED

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONSTERCAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: P J Hill
T G Stubington
N Phelps



REGISTERED OFFICE: Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



REGISTERED NUMBER: 07464913 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: HSBC
31 Chequer Street
St Albans
Hertfordshire
AL1 3YN

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,433,128 5,729,291
Investments 5 100 100
9,433,228 5,729,391

CURRENT ASSETS
Debtors 6 56,400 46,200
Cash at bank 2,990 55,066
59,390 101,266
CREDITORS
Amounts falling due within one year 7 277,568 278,083
NET CURRENT LIABILITIES (218,178 ) (176,817 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,215,050

5,552,574

CREDITORS
Amounts falling due after more than one
year

8

(2,353,332

)

(2,496,207

)

PROVISIONS FOR LIABILITIES (1,641,202 ) (601,443 )
NET ASSETS 5,220,516 2,454,924

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 11 5,220,216 2,454,624
SHAREHOLDERS' FUNDS 5,220,516 2,454,924

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 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.

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

BALANCE SHEET - continued
30TH JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd December 2024 and were signed on its behalf by:





T G Stubington - Director


MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Monstercam 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 (£).


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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Plant and machinery - Straight line over 10 years
Fixtures and fittings - 15% on reducing balance
HSM Modal Machine - 10% on reducing balance
Computer equipment - 33.3% on cost

HSM Modal Machine has been revalued and the cost is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.
Depreciation is provided in line with the policy disclosed.

Freehold property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

All properties are held for their investment potential and are not depreciated. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one amongst many factors reflected in the valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.

Revaluation reserve
Surpluses and deficits, to the extent that any deficit is regarded as temporary, arising from the valuations of properties are taken direct to the revaluation reserve. Where a permanent diminution in the value of an individual property is identified, the deficit is eliminated first against any revaluation reserve in respect of that property with any excess being charged to the profit and loss account. Valuation surpluses or deficits on sale are transferred from the revaluation reserve to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

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


4. TANGIBLE FIXED ASSETS
Freehold Motor Long Plant and
property vehicles leasehold machinery
£    £    £    £   
COST OR VALUATION
At 1st July 2023 - - 5,007,708 170,085
Additions - 14,975 - 19,855
Disposals - - - (25,628 )
Revaluations 3,699,999 - 42,497 -
Reclassification/transfer 5,007,708 - (5,050,205 ) (46,556 )
At 30th June 2024 8,707,707 14,975 - 117,756
DEPRECIATION
At 1st July 2023 - - - 96,696
Charge for year - 3,744 - 13,652
Eliminated on disposal - - - (13,434 )
Reclassification/transfer - - - (27,934 )
At 30th June 2024 - 3,744 - 68,980
NET BOOK VALUE
At 30th June 2024 8,707,707 11,231 - 48,776
At 30th June 2023 - - 5,007,708 73,389

Fixtures
and HSM Modal Computer
fittings Machine equipment Totals
£    £    £    £   
COST OR VALUATION
At 1st July 2023 171,217 770,000 21,646 6,140,656
Additions 34,327 - 972 70,129
Disposals - - - (25,628 )
Revaluations - - - 3,742,496
Reclassification/transfer (29,800 ) 118,853 - -
At 30th June 2024 175,744 888,853 22,618 9,927,653
DEPRECIATION
At 1st July 2023 57,770 239,736 17,163 411,365
Charge for year 22,164 53,251 3,783 96,594
Eliminated on disposal - - - (13,434 )
Reclassification/transfer (18,561 ) 46,495 - -
At 30th June 2024 61,373 339,482 20,946 494,525
NET BOOK VALUE
At 30th June 2024 114,371 549,371 1,672 9,433,128
At 30th June 2023 113,447 530,264 4,483 5,729,291

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30th June 2024 is represented by:

Freehold Motor Plant and
property vehicles machinery
£    £    £   



Valuation in 2024 3,699,999 - -
Cost 5,007,708 14,975 117,756
8,707,707 14,975 117,756

Fixtures
and HSM Modal Computer
fittings Machine equipment Totals
£    £    £    £   
Valuation in 2018 - 65,648 - 65,648
Valuation in 2020 - 35,000 - 35,000
Valuation in 2022 - 340,000 - 340,000
Valuation in 2024 - - - 3,699,999
Cost 175,744 448,205 22,618 5,787,006
175,744 888,853 22,618 9,927,653

Freehold property was professional revalued by Savills on 3rd September 2024. This valuation is in accordance with the RICS Valuation - Global Standards (incorporating the IVSC International Valuation Standards) effective from 31st January 2022 together, where applicable, with the UK National Supplement effective 1st May 2024, together the "Red Book".

The HSM Modal Machine was professionally valued by Hilco Valuation Services on 7th November 2018. Their valuation reflects the market value of the company's machine as of that date. The directors have valued the second machine purchased in 2020 on the same basis.

It is anticipated that the company's machine will be professionally valued in the following year.

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1st July 2023 24,155
Disposals (24,155 )
At 30th June 2024 -
DEPRECIATION
At 1st July 2023 12,077
Eliminated on disposal (12,077 )
At 30th June 2024 -
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 12,078

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2023
and 30th June 2024 100
NET BOOK VALUE
At 30th June 2024 100
At 30th June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 56,400 46,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 110,000 70,000
Amounts owed to group undertakings 83,794 119,568
Taxation and social security 12,819 17,560
Other creditors 70,955 70,955
277,568 278,083

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 2,353,332 2,496,207

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 2,353,332 2,496,207

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Debentures 2,463,332 2,566,207

HSBC Bank plc holds a fixed and floating charge over all assets. Floating charge covers all property or undertakings of the company. Contains negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
300 Ordinary shares £1 300 300

MONSTERCAM LIMITED (REGISTERED NUMBER: 07464913)

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


11. RESERVES
Retained
earnings
£   

At 1st July 2023 2,454,624
Profit for the year 2,855,592
Dividends (90,000 )
At 30th June 2024 5,220,216