Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false22023-06-01falsepublic relations agency1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05428002 2023-06-01 2024-05-31 05428002 2022-06-01 2023-05-31 05428002 2024-05-31 05428002 2023-05-31 05428002 c:Director1 2023-06-01 2024-05-31 05428002 d:FurnitureFittings 2023-06-01 2024-05-31 05428002 d:OtherPropertyPlantEquipment 2024-05-31 05428002 d:OtherPropertyPlantEquipment 2023-05-31 05428002 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05428002 d:CurrentFinancialInstruments 2024-05-31 05428002 d:CurrentFinancialInstruments 2023-05-31 05428002 d:Non-currentFinancialInstruments 2024-05-31 05428002 d:Non-currentFinancialInstruments 2023-05-31 05428002 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 05428002 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05428002 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 05428002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 05428002 d:ShareCapital 2024-05-31 05428002 d:ShareCapital 2023-05-31 05428002 d:RetainedEarningsAccumulatedLosses 2024-05-31 05428002 d:RetainedEarningsAccumulatedLosses 2023-05-31 05428002 c:OrdinaryShareClass1 2023-06-01 2024-05-31 05428002 c:OrdinaryShareClass1 2024-05-31 05428002 c:OrdinaryShareClass2 2023-06-01 2024-05-31 05428002 c:OrdinaryShareClass2 2024-05-31 05428002 c:FRS102 2023-06-01 2024-05-31 05428002 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05428002 c:FullAccounts 2023-06-01 2024-05-31 05428002 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05428002 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05428002














MONK PR LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
MONK PR LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
MONK PR LIMITED
REGISTERED NUMBER:05428002

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
432
1,470

Current assets
  

Debtors
 5 
75,815
88,715

Cash at bank and in hand
  
2
134

  
75,817
88,849

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(72,698)
(68,303)

Net current assets
  
 
 
3,119
 
 
20,546

Total assets less current liabilities
  
3,551
22,016

Creditors: amounts falling due after more than one year
 7 
(11,567)
(21,567)

Net (liabilities)/assets
  
(8,016)
449


Capital and reserves
  

Called up share capital 
 8 
110
110

Profit and loss account
  
(8,126)
339

  
(8,016)
449


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.

I H S Monk
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Monk PR Limited is a private limited liability company registered in England and Wales, with its business office address at 2 Station Road, Gerrards Cross, Buckinghamshire SL9 8EL.
The principal activity of the Company continued to be that of a public relations agency.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependant on the continued support from the director of the Company. The director is satisfied that suitable facilities will continue to be made available. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Turnover

Turnover comprises revenue recognised by the Company in respect of fees receivable during the year, exclusive of Value Added Tax.
Revenue is recognised in the period to which it relates.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
33.33% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Page 2

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Borrowing costs

All borrowing costs are recognised in the Statement of Comprehensive Income in the year in which they are incurred.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The director was the only employee of the Company during the current and preceding period.


Page 3

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Fixtures, fittings & equipment

£



Cost


At 1 June 2023
23,150



At 31 May 2024

23,150



Depreciation


At 1 June 2023
21,680


Charge for the year on owned assets
1,038



At 31 May 2024

22,718



Net book value



At 31 May 2024
432



At 31 May 2023
1,470


5.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
70,982
82,383

Other debtors
4,833
4,833

Prepayments and accrued income
-
1,499

75,815
88,715


Page 4

 
MONK PR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
19,620
13,392

Bank loans
10,000
10,000

Trade creditors
13,523
6,839

Taxation and social security
22,218
22,502

Other creditors
173
320

Accruals and deferred income
7,164
15,250

72,698
68,303


The bank loan is secured by way of a fixed and floating charge over the assets of the Company.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,567
21,567


The bank loan is secured by way of a fixed and floating charge over the assets of the Company.


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100
10 Ordinary A shares of £1 each
10
10

110

110



9.


Controlling party

The Company is a wholly owned subsidiary of Woburn Partners Limited, a company registered in England and Wales, which the director regards as the ultimate parent company.

 
Page 5