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REGISTERED NUMBER: 04859576 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MONOPOLEIGH ESTATES LIMITED

MONOPOLEIGH ESTATES LIMITED (REGISTERED NUMBER: 04859576)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MONOPOLEIGH ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr L R Hardwick
Mrs V Thorpe





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 04859576 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MONOPOLEIGH ESTATES LIMITED (REGISTERED NUMBER: 04859576)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 65
Investments 5 1,052,444 1,062,124
Investment property 6 1,040,000 1,040,000
2,092,444 2,102,189

CURRENT ASSETS
Debtors 7 1,598 9,596
Investments 8 40,309 8,021
Cash at bank 29,510 29,459
71,417 47,076
CREDITORS
Amounts falling due within one year 9 6,911 13,608
NET CURRENT ASSETS 64,506 33,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,156,950

2,135,657

CREDITORS
Amounts falling due after more than one
year

10

(1,634,071

)

(1,634,071

)

PROVISIONS FOR LIABILITIES 12 (66,954 ) (66,954 )
NET ASSETS 455,925 434,632

CAPITAL AND RESERVES
Called up share capital 13 1 1
Special reserve 317,046 317,046
Retained earnings 138,878 117,585
SHAREHOLDERS' FUNDS 455,925 434,632

MONOPOLEIGH ESTATES LIMITED (REGISTERED NUMBER: 04859576)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 4 December 2024 and were signed on its behalf by:





Mr L R Hardwick - Director


MONOPOLEIGH ESTATES LIMITED (REGISTERED NUMBER: 04859576)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Monopoleigh Estates 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.

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.
Computer equipment - 33% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MONOPOLEIGH ESTATES LIMITED (REGISTERED NUMBER: 04859576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 April 2023
and 31 March 2024 228
Depreciation
At 1 April 2023 163
Charge for year 65
At 31 March 2024 228
Net book value
At 31 March 2024 -
At 31 March 2023 65

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Investment in LLP 1,052,444 1,062,124

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 1,040,000
Net book value
At 31 March 2024 1,040,000
At 31 March 2023 1,040,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 299,000
Valuation in 2020 85,000
Cost 656,000
1,040,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,598 9,596

MONOPOLEIGH ESTATES LIMITED (REGISTERED NUMBER: 04859576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Investment in LLP 40,309 8,021

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,901 3,638
Taxation and social security 5,010 9,380
Other creditors - 590
6,911 13,608

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 11) 1,634,071 1,634,071

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 1,634,071 1,634,071

11. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans 1,634,071 1,634,071

12. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 66,954 66,954

Deferred
tax
£   
Balance at 1 April 2023 66,954
Balance at 31 March 2024 66,954

MONOPOLEIGH ESTATES LIMITED (REGISTERED NUMBER: 04859576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1