MONITOR PRESS FEATURES LIMITED

Company Registration Number:
00711678 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MONITOR PRESS FEATURES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MONITOR PRESS FEATURES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3 100,003
Total fixed assets: 3 100,003
Current assets
Debtors:   34,482 27,432
Cash at bank and in hand: 39,723 515
Total current assets: 74,205 27,947
Creditors: amounts falling due within one year: 4 (57,926) (109,307)
Net current assets (liabilities): 16,279 (81,360)
Total assets less current liabilities: 16,282 18,643
Total net assets (liabilities): 16,282 18,643
Capital and reserves
Called up share capital: 5,000 5,000
Revaluation reserve:5090,000
Profit and loss account: 11,282 (76,357)
Shareholders funds: 16,282 18,643

The notes form part of these financial statements

MONITOR PRESS FEATURES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2025
and signed on behalf of the board by:

Name: S R White
Status: Director

The notes form part of these financial statements

MONITOR PRESS FEATURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced sales of images and services, excluding value added tax. Revenue is measured at the fair value of the consideration received or receivable. Revenue from the provision of images is recognised when the images are used. Revenue from the provision of services is recogonised when the amount of revenue can be measured reliably, the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred to date, for the transaction, and the costs to complete the transaction can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Photographic library not provided Equipment 20% on reducing balance Fixtures and fittings 20% on reducing balance Computer equipment 25% on reducing balance

MONITOR PRESS FEATURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

MONITOR PRESS FEATURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 132,963
Disposals (119,672)
At 31 December 2023 13,291
Depreciation
At 01 January 2023 32,960
On disposals (19,672)
At 31 December 2023 13,288
Net book value
At 31 December 2023 3
At 31 December 2022 100,003

MONITOR PRESS FEATURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Trade creditors 2023 £2,690 2022 £2,690 VAT 2023 £1,379 2022 £1,240 Tax 2023 £17,711 2022 £Nil Barclays Card Commercial 2023 £87 2022 £118 Loans due to related company 2023 £26,450 2022 £26,450 Directors' current accounts 2023 £8,099 2022 £77,399 Accrued expenses 2023 £1,510 2022 £1,410 Totals 2023 £57,926 2022 £109,307

MONITOR PRESS FEATURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve

2023
£
Balance at 01 January 2023 90,000
Surplus or deficit after revaluation (90,000)
Balance at 31 December 2023 0