Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04615659 2023-04-01 2024-03-31 04615659 2022-04-01 2023-03-31 04615659 2024-03-31 04615659 2023-03-31 04615659 c:Director2 2023-04-01 2024-03-31 04615659 d:Buildings 2024-03-31 04615659 d:Buildings 2023-03-31 04615659 d:CurrentFinancialInstruments 2024-03-31 04615659 d:CurrentFinancialInstruments 2023-03-31 04615659 d:Non-currentFinancialInstruments 2024-03-31 04615659 d:Non-currentFinancialInstruments 2023-03-31 04615659 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04615659 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04615659 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04615659 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04615659 d:UKTax 2023-04-01 2024-03-31 04615659 d:UKTax 2022-04-01 2023-03-31 04615659 d:ShareCapital 2024-03-31 04615659 d:ShareCapital 2023-03-31 04615659 d:RetainedEarningsAccumulatedLosses 2024-03-31 04615659 d:RetainedEarningsAccumulatedLosses 2023-03-31 04615659 c:FRS102 2023-04-01 2024-03-31 04615659 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04615659 c:FullAccounts 2023-04-01 2024-03-31 04615659 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04615659 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04615659









MONOP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MONOP LIMITED
REGISTERED NUMBER: 04615659

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
1,500,000
1,500,000

Current assets
  

Debtors: amounts falling due within one year
 6 
325,884
269,531

Cash at bank and in hand
 7 
-
1

  
325,884
269,532

Creditors: amounts falling due within one year
 8 
(343,749)
(291,796)

Net current liabilities
  
 
 
(17,865)
 
 
(22,264)

Total assets less current liabilities
  
1,482,135
1,477,736

Creditors: amounts falling due after more than one year
 9 
(477,424)
(481,550)

Provisions for liabilities
  

Deferred tax
  
(192,295)
(192,295)

  
 
 
(192,295)
 
 
(192,295)

Net assets
  
812,416
803,891


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
812,414
803,889

Total equity
  
812,416
803,891


Page 1

 
MONOP LIMITED
REGISTERED NUMBER: 04615659
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 by: 




___________________________
G Arif
Director

Date: 28 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MONOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Monop Limited is a private company limited by shares. The company is incorporated in England and Wales and the address of the registered office is Aston House, Cornwall Avenue, London, N3 1LF.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
MONOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

  
2.7

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.
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.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
MONOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
2,223
7,522


2,223
7,522


Total current tax
2,223
7,522

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2023 - 19%).



5.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
1,500,000



At 31 March 2024

1,500,000






Net book value



At 31 March 2024
1,500,000


6.


Debtors

2024
2023
£
£


Other debtors
325,884
269,531


Page 5

 
MONOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
1



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
18,991
18,991

Trade creditors
-
1,583

Corporation tax
10,039
7,522

Other taxation and social security
1,536
3,241

Other creditors
311,158
258,459

Accruals and deferred income
2,025
2,000

343,749
291,796


Secured loan
The bank loan is secured by a fixed charge over the property and a floating charge over the property and undertakings of the Company


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
477,424
481,550


Secured loan
The bank loan is secured by a fixed charge over the property and a floating charge over the property and undertakings of the Company

 
Page 6