| Moncreo Holdings Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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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. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
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Average number of persons employed by the company |
1 |
|
1 |
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| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 April 2024 |
202 |
|
|
At 31 March 2025 |
202 |
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Historical cost |
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At 1 April 2024 |
202 |
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At 31 March 2025 |
202 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings |
|
764,766 |
|
731,689 |
|
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
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Other creditors |
582,145 |
|
434,708 |
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| 6 |
Related party transactions |
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During the year the company entered into transactions with related parties as follows: - |
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The company charged £4,000 of project management fees (2024 - £24,000) to its subsidiary company Moncreo Durnsford Limited. |
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The company charged £24,000 of project management fees (2024- £Nil) to its subsidiary company Moncreo Aveline Limited. |
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The company received £420,000 of dividends from subsidiaries during the year (2024 £Nil). |
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As at 31st March 2025 the company was owed /(owed) the following amounts by/(to) subsidiaries: - |
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2025 |
|
2024 |
|
|
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|
|
|
£ |
|
£ |
|
Moncreo Durnsford Limited |
|
|
|
|
6,520 |
|
57,424 |
|
Moncreo Aveline Limited |
|
|
|
|
276,894 |
|
225,403 |
|
Moncreo Capital Limited |
481,351 |
|
440,885 |
|
Neale Residence Limited |
|
|
|
|
(211,026) |
|
7,977 |
|
| 7 |
Controlling party |
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The company is controlled by its director who owns 100% of the company's issued share capital. |
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| 8 |
Other information |
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Moncreo Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Scots House |
|
Scots Lane |
|
Salisbury |
|
Wiltshire |
|
Wiltshire |
|
SP1 3TR |