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Registered number: 07859640









MONARCH (CAMBRIDGE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MONARCH (CAMBRIDGE) LIMITED
REGISTERED NUMBER: 07859640

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Investments
 4 
883,351
883,351

  
883,351
883,351

CURRENT ASSETS
  

Cash at bank and in hand
  
11,174
3,679

  
11,174
3,679

Creditors: amounts falling due within one year
 5 
(384,565)
(254,239)

NET CURRENT LIABILITIES
  
 
 
(373,391)
 
 
(250,560)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
509,960
632,791

Creditors: amounts falling due after more than one year
 6 
-
(117,093)

  

NET ASSETS
  
509,960
515,698


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1,644
1,644

Profit and loss account
  
508,316
514,054

  
509,960
515,698


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.
 
Page 1

 
MONARCH (CAMBRIDGE) LIMITED
REGISTERED NUMBER: 07859640
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


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 Godfrey
Director

Date: 31 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MONARCH (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Monarch (Cambridge) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Crofton Engineering Building, Cambridge Road, Linton, Cambridge, CB21 4NN.
The Company's functional and presentational currency is GBP.

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

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.

 
2.3

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. 

Page 3

 
MONARCH (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


EMPLOYEES




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


4.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 October 2023
883,351



At 30 September 2024
883,351





5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
-
62,148

Amounts owed to group undertakings
384,565
192,091

384,565
254,239


Bank loans were secured on the subsidiary company's freehold property. The loan was on a repayment basis and bore interest at 2.46% above Bank of England base rate per annum.


6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
-
117,093


Bank loans were secured on the subsidiary company's freehold property. The loan was on a repayment basis and bore interest at 2.46% above Bank of England base rate per annum.

Page 4

 
MONARCH (CAMBRIDGE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



NIL (2023 - 164,400) Ordinary shares of £0.01 each
-
1,644
124,944 (2023 - NIL) Ordinary A shares of £0.01 each
1,249
-
39,456 (2023 - NIL) Ordinary B shares of £0.01 each
395
-

1,644

1,644


Share Redesignation
On 31 October 2023 the Company redesignated 164,000 Ordinary shares of £0.01 each with an aggregate nominal value of £1,644 to 124,944 Ordinary A shares of £0.01 each and 39,456 Ordinary B shares of £0.01 each, with an aggregate nominal value of £1,644.


 
Page 5

 
MONARCH (CAMBRIDGE) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MONARCH (CAMBRIDGE) LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Monarch (Cambridge) Limited for the year ended 30 September 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Monarch (Cambridge) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Monarch (Cambridge) Limited and state those matters that we have agreed to state to the Board of Directors of Monarch (Cambridge) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Monarch (Cambridge) Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Monarch (Cambridge) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Monarch (Cambridge) Limited. You consider that Monarch (Cambridge) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Monarch (Cambridge) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Peters Elworthy & Moore
 
Chartered Accountants
  
Salisbury House
Station Road
Cambridge
CB1 2LA
 
Date: 
31 March 2025
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