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REGISTERED NUMBER: 00951164 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MONARCH PACKAGING LIMITED

MONARCH PACKAGING LIMITED (REGISTERED NUMBER: 00951164)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONARCH PACKAGING LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: W Hayward
J W Hayward





SECRETARY: W Hayward





REGISTERED OFFICE: 2 Mere Drive
Didsbury
Manchester
M20 6AF





REGISTERED NUMBER: 00951164 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ

MONARCH PACKAGING LIMITED (REGISTERED NUMBER: 00951164)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 108,226 83,282

CURRENT ASSETS
Prepayments and accrued income 251 175
Cash at bank 104,201 106,751
104,452 106,926
CREDITORS
Amounts falling due within one year 5 4,300 2,850
NET CURRENT ASSETS 100,152 104,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,378

187,358

PROVISIONS FOR LIABILITIES 6 6,387 3,680
NET ASSETS 201,991 183,678

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 196,991 178,678
201,991 183,678

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.

MONARCH PACKAGING LIMITED (REGISTERED NUMBER: 00951164)

Balance Sheet - continued
31 MARCH 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 Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





W Hayward - Director


MONARCH PACKAGING LIMITED (REGISTERED NUMBER: 00951164)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Monarch Packaging 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.

Financial instruments
Investments are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

The Company only enters into basic financial instruments, other than investments, that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

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.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

MONARCH PACKAGING LIMITED (REGISTERED NUMBER: 00951164)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 83,282
Additions 16,847
Disposals (13,598 )
Revaluations 21,695
At 31 March 2024 108,226
NET BOOK VALUE
At 31 March 2024 108,226
At 31 March 2023 83,282

The market value of listed investments at 31 March 2024 was £94,162 (2023 - £70,426).

Included in other investments is a gold bar, which has been revalued to market value at 31 March 2024 of £14,064 (2023 - £12,856).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 976 -
Directors' loan accounts 1,399 1,087
Accruals and deferred income 1,925 1,763
4,300 2,850

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 6,387 3,680

Deferred
tax
£   
Balance at 1 April 2023 3,680
Charge to Income Statement during year 2,707
Balance at 31 March 2024 6,387

The deferred taxation is calculated on unrealised gains on investments at a rate of 25%.

MONARCH PACKAGING LIMITED (REGISTERED NUMBER: 00951164)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024, the company owed the director Mr W Hayward £1,399 (2023 - £1,087). This amount is included within other creditors due within one year.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr W Hayward by virtue of his controlling shareholding in the company.