1 January 2024 false No description of principal activity Taxfiler 2024.6 SC714953business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC7149532023-12-31 SC7149532024-01-012024-12-31 SC714953business:AuditExemptWithAccountantsReport2024-01-012024-12-31 SC714953business:FilletedAccounts2024-01-012024-12-31 SC7149532024-12-31 SC714953business:Director12024-01-012024-12-31 SC714953business:RegisteredOffice2024-01-012024-12-31 SC7149532023-12-31 SC714953core:WithinOneYear2024-12-31 SC714953core:WithinOneYear2023-12-31 SC714953core:AfterOneYear2024-12-31 SC714953core:AfterOneYear2023-12-31 SC714953core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC714953core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC714953core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC714953core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC714953core:PreviouslyStatedAmount2024-12-31 SC714953core:PreviouslyStatedAmount2023-12-31 SC714953business:SmallEntities2024-01-012024-12-31 SC714953countries:Scotland2024-01-012024-12-31 SC714953core:LandBuildings2024-01-012024-12-31 SC714953core:ComputerEquipment2024-01-012024-12-31 SC714953core:LandBuildings2023-12-31 SC714953core:ComputerEquipment2023-12-31 SC714953core:LandBuildings2024-12-31 SC714953core:ComputerEquipment2024-12-31 SC7149532023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC714953 (Scotland)
Monocle Investments Ltd Unaudited accounts for the year ended 31 December 2024
Monocle Investments Ltd Unaudited accounts Contents
Page
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Monocle Investments Ltd Company Information for the year ended 31 December 2024
Director
Kirsty MacKenzie
Company Number
SC714953 (Scotland)
Registered Office
42 Madeira Street Edinburgh EH6 4AL
Accountants
Added Accounting Ltd 8 Whitehouse Crescent Gorebridge EH23 4FT
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Monocle Investments Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
669,618 
524,701 
Current assets
Debtors
400 
400 
Cash at bank and in hand
875 
23,605 
1,275 
24,005 
Creditors: amounts falling due within one year
(361,512)
(248,960)
Net current liabilities
(360,237)
(224,955)
Total assets less current liabilities
309,381 
299,746 
Creditors: amounts falling due after more than one year
(100,077)
(100,155)
Net assets
209,304 
199,591 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
208,304 
198,591 
Shareholders' funds
209,304 
199,591 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2025 and were signed on its behalf by
Kirsty MacKenzie Director Company Registration No. SC714953
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Monocle Investments Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Monocle Investments Ltd is a private company, limited by shares, registered in Scotland, registration number SC714953. The registered office is 42 Madeira Street, Edinburgh, EH6 4AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Computer equipment
Straight line over 3 years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
524,500 
249 
524,749 
Additions
145,000 
- 
145,000 
At 31 December 2024
669,500 
249 
669,749 
Depreciation
At 1 January 2024
- 
48 
48 
Charge for the year
- 
83 
83 
At 31 December 2024
- 
131 
131 
Net book value
At 31 December 2024
669,500 
118 
669,618 
At 31 December 2023
524,500 
201 
524,701 
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Monocle Investments Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
400 
400 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,920 
- 
Loans from directors
359,403 
248,798 
Accruals
189 
162 
361,512 
248,960 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
100,077 
100,155 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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