1 January 2023 false No description of principal activity Taxfiler 2024.6.1 09342262business:PrivateLimitedCompanyLtd2023-01-012023-12-31 093422622022-12-31 093422622023-01-012023-12-31 09342262business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 09342262business:FilletedAccounts2023-01-012023-12-31 093422622023-12-31 09342262business:Director12023-01-012023-12-31 09342262business:RegisteredOffice2023-01-012023-12-31 093422622022-12-31 09342262core:WithinOneYear2023-12-31 09342262core:WithinOneYear2022-12-31 09342262core:AfterOneYear2023-12-31 09342262core:AfterOneYear2022-12-31 09342262core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 09342262core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 09342262core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 09342262core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 09342262core:PreviouslyStatedAmount2023-12-31 09342262core:PreviouslyStatedAmount2022-12-31 09342262business:SmallEntities2023-01-012023-12-31 09342262countries:EnglandWales2023-01-012023-12-31 09342262business:OrdinaryShareClass12023-01-012023-12-31 09342262business:OrdinaryShareClass12022-01-012022-12-31 093422622022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09342262 (England and Wales)
Monet Developments Limited Unaudited accounts for the year ended 31 December 2023
Monet Developments Limited Unaudited accounts Contents
Page
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Monet Developments Limited Company Information for the year ended 31 December 2023
Director
H Al-Mishwit
Company Number
09342262 (England and Wales)
Registered Office
55 Grosvenor Street LONDON W1K 3HY United Kingdom
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Monet Developments Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
446,069 
738,149 
Debtors
1,276,276 
1,315,417 
Cash at bank and in hand
2,935 
5,935 
1,725,280 
2,059,501 
Creditors: amounts falling due within one year
(192,759)
(198,259)
Net current assets
1,532,521 
1,861,242 
Total assets less current liabilities
1,532,521 
1,861,242 
Creditors: amounts falling due after more than one year
(1,659,502)
(1,987,731)
Net liabilities
(126,981)
(126,489)
Capital and reserves
Called up share capital
4,200 
4,200 
Profit and loss account
(131,181)
(130,689)
Shareholders' funds
(126,981)
(126,489)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 December 2024 and were signed on its behalf by
H Al-Mishwit Director Company Registration No. 09342262
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Monet Developments Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Monet Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 09342262. The registered office is 55, Grosvenor Street, LONDON, W1K 3HY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,174 
3,174 
Amounts due from group undertakings etc.
1,266,000 
1,266,000 
Other debtors
7,102 
46,243 
1,276,276 
1,315,417 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
192,759 
192,759 
Deferred income
- 
5,500 
192,759 
198,259 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
1,659,502 
1,987,731 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
4,200 Ordinary shares of £1 each
4,200 
4,200 
8
Transactions with related parties
Included within debtors is the directors' loan account balance of £20,750 (2022:£20,750) as at the balance sheet date.
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Monet Developments Limited Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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