Company registration number: 10025097
Unaudited financial statements
for the year ended 28 February 2025
for
Prop Monkey Ltd
Pages for filing with the Registrar
Company registration number: 10025097
Prop Monkey Ltd
Balance sheet
as at 28 February 2025
28 Feb 25 28 Feb 24
Note £ £ £ £
Fixed assets
Tangible assets 4 1,933 3,094
1,933 3,094
Current assets
Debtors 26,033 10,816
Cash at bank and in hand 2,254 15,298
28,287 26,114
Creditors: amounts falling due within one
year
(23,971) (20,386)
Net current assets 4,316 5,728
Total assets less current liabilities 6,249 8,822
Creditors: Amounts falling due after more
than one year
(5,921) (7,883)
NET ASSETS 328 939
Capital and reserves
Profit and loss account 328 939
TOTAL EQUITY 328 939
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 28 February 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10025097
Prop Monkey Ltd
Balance sheet - continued
as at 28 February 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 11 June 2025 and signed on its behalf by:
Mr D Macleod, Director
11 June 2025
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Prop Monkey Ltd
Notes to the financial statements
for the year ended 28 February 2025
1 Company information
Prop Monkey Ltd is a private company registered in England and Wales. Its registered number is 10025097. The company is limited by shares. Its registered office is 3 Orchard Cottages The Hill, Winchmore Hill, Amersham, HP7 0NA.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Motor vehicles - 20% reducing balance
Computer equipment - 15% straight line
Taxation
Taxation for the year comprises current taxation. 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 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 balance sheet date.
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Prop Monkey Ltd
Notes to the financial statements - continued
for the year ended 28 February 2025
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 29 February 2024 24,086
At 28 February 2025 24,086
Depreciation
At 29 February 2024 20,992
Charge for year 1,161
At 28 February 2025 22,153
Net book value
At 28 February 2025 1,933
At 28 February 2024 3,094
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the periods ended 28 February 2025 and 28 February 2024.
28 Feb 25 28 Feb 24
£ £
Duncan MacLeod
Balance outstanding at start of year 10,816 14,826
Amounts advanced 85,078 42,612
Amounts repaid (72,387) (46,622)
Balance outstanding at end of year 23,507 10,816
6 Dividends
During the year the company declared dividends of £48,000 (2024: £20,000)
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