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REGISTERED NUMBER: 10588972 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MONARCH SQUARE MANAGEMENT LIMITED

MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

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


MONARCH SQUARE MANAGEMENT LIMITED

Company Information
for the year ended 31 March 2024







Directors: Mrs M Korbasova
Mr G S J Bennett
Mr W Mills





Registered office: 1st Floor Bellevue House
Althorp Road
London
SW17 7ED





Registered number: 10588972 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,127 -
Investments 5 1 1
Investment property 6 3,175,765 3,175,765
3,179,893 3,175,766

Current assets
Debtors 7 570,386 540,999
Cash at bank 13,801 7,274
584,187 548,273
Creditors
Amounts falling due within one year 8 142,467 83,018
Net current assets 441,720 465,255
Total assets less current liabilities 3,621,613 3,641,021

Provisions for liabilities 9 109,782 82,650
Net assets 3,511,831 3,558,371

Capital and reserves
Called up share capital 10 3,142,002 3,142,002
Non-distributable reserves 352,350 352,350
Capital redemption reserve 30,000 30,000
Retained earnings (12,521 ) 34,019
Shareholders' funds 3,511,831 3,558,371

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 SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Statement of Financial Position - 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




Mrs M Korbasova - Director



Mr G S J Bennett - Director


MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Monarch Square Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents property rentals received. The company recognises revenue in the same period within which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued
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 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2023 47,654
Additions 5,159
At 31 March 2024 52,813
Depreciation
At 1 April 2023 47,654
Charge for year 1,032
At 31 March 2024 48,686
Net book value
At 31 March 2024 4,127
At 31 March 2023 -

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 April 2023
and 31 March 2024 1
Net book value
At 31 March 2024 1
At 31 March 2023 1

MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 3,175,765
Net book value
At 31 March 2024 3,175,765
At 31 March 2023 3,175,765

At the balance sheet date fixed and floating charges were held over the property of the company. The charges include a negative pledge.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 280,000
Valuation in 2021 105,000
Valuation in 2022 90,000
Valuation in 2023 (40,000 )
Cost 2,740,765
3,175,765

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 15,287 26,099
Amounts owed by group undertakings 555,099 514,900
570,386 540,999

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 63,109 20,721
Taxation and social security 6,659 7,481
Other creditors 72,699 54,816
142,467 83,018

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 109,782 82,650

Deferred
tax
£   
Balance at 1 April 2023 82,650
Provided during year 27,132
Balance at 31 March 2024 109,782

MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2
3,172,000 Ordinary A £1 3,142,000 3,142,000
3,142,002 3,142,002