2023-07-012024-06-302024-06-30false10497938MONCK STREET PROPERTIES (NO. 1) 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MONCK STREET PROPERTIES (NO. 1) LTD

Registered Number
10497938
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

MONCK STREET PROPERTIES (NO. 1) LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

WANG, Xiaojuan

Registered Address

The Recentre
46 Forbury Road
Reading
RG1 3FD

Registered Number

10497938 (England and Wales)
MONCK STREET PROPERTIES (NO. 1) LTD
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks34,293,1854,293,185
Cash at bank and on hand2,8342,834
4,296,0194,296,019
Creditors amounts falling due within one year4(4,548,181)(4,545,473)
Net current assets (liabilities)(252,162)(249,454)
Total assets less current liabilities(252,162)(249,454)
Net assets(252,162)(249,454)
Capital and reserves
Called up share capital270270
Profit and loss account(252,432)(249,724)
Shareholders' funds(252,162)(249,454)
The financial statements were approved and authorised for issue by the Board of Directors on 2 May 2025, and are signed on its behalf by:
WANG, Xiaojuan
Director
Registered Company No. 10497938
MONCK STREET PROPERTIES (NO. 1) LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
Trade and other 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year11
3.Stocks

2024

2023

££
Other stocks4,293,1854,293,185
Total4,293,1854,293,185
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,064-
Amounts owed to related parties4,543,9234,543,923
Accrued liabilities and deferred income2,1941,550
Total4,548,1814,545,473