Registered number
05988391
Monmouthshire Collection Limited
Unaudited Filleted Accounts
31 March 2025
Monmouthshire Collection Limited
Registered number: 05988391
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 - 11,999
Current assets
Debtors 4 442 16,526
Cash at bank and in hand 5,229 1,094
5,671 17,620
Creditors: amounts falling due within one year 5 (3,400) (26,821)
Net current assets/(liabilities) 2,271 (9,201)
Total assets less current liabilities 2,271 2,798
Provisions for liabilities - (2,280)
Net assets 2,271 518
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,269 516
Shareholders' funds 2,271 518
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ben Herbert
Director
Approved by the board on 13 May 2025
Monmouthshire Collection Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The accounts show net liabilities. The directors still consider it appropriate that the accounts are prepared on a going concern basis as the directors will continue to support the business financially.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 7,346 5,200 11,000 23,546
Disposals (7,346) (5,200) (11,000) (23,546)
At 31 March 2025 - - - -
Depreciation
At 1 April 2024 294 4,894 6,359 11,547
On disposals (294) (4,894) (6,359) (11,547)
At 31 March 2025 - - - -
Net book value
At 31 March 2025 - - - -
At 31 March 2024 7,052 306 4,641 11,999
4 Debtors 2025 2024
£ £
Trade debtors - 16,233
VAT debtor 442 -
Other debtors - 293
442 16,526
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - 20,997
Taxation and social security costs - 686
Other creditors 3,400 5,138
3,400 26,821
6 Related party transactions
Monmouthshire Hunt
The company operates from a building within the Monmouthshire Hunt premises in return for which it provides the Hunt with some waste products. It is not possible to put a value on the waste products provided during the year covered by these financial statements. The Company has an agreement with the Hunt under which it can use the services of employees of the Hunt in return for a full commercial charge. There was no recharge during the year to 31st March 2025 (2024: £1,000.00). As at 31st March 2024 there was an amount of £0 owed to Monmouthshire Hunt (2024: £6,108.66).

Ben Herbert
Company director, Mr Ben Herbert is a subscriber of the Monmouthshire Hunt. As at 31st March 2024 an amount of £1,698.38 (2024: £4,449.36) is owed back to Ben Herbert as director from Monmouthshire Collection Limited and included in creditors.
7 Controlling party
Company directors, Mr Ben Herbert and Mr Gary Yeomans, each own 50% of the issued share capital of the company. Therefore together they are the ultimate controlling party of Monmouthshire Collection Limited.
8 Other information
Monmouthshire Collection Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Bank
Beaufort Street
Crickhowell
Powys
NP8 1AD
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