| Moncreo Aveline Limited |
| Registered number: |
14506328 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
- |
|
|
370 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
3,281,402 |
| Debtors |
5 |
|
7,564 |
|
|
2,892 |
| Cash at bank and in hand |
|
|
1,816,747 |
|
|
2,721 |
|
|
|
1,824,311 |
|
|
3,287,015 |
|
| Creditors: amounts falling due within one year |
6 |
|
(789,772) |
|
|
(3,329,725) |
|
| Net current assets/(liabilities) |
|
|
|
1,034,539 |
|
|
(42,710) |
|
| Net assets/(liabilities) |
|
|
|
1,034,539 |
|
|
(42,340) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
1,034,538 |
|
|
(42,341) |
|
| Shareholder's funds |
|
|
|
1,034,539 |
|
|
(42,340) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| M O Neale |
| Director |
| Approved by the board on 24 July 2025 |
|
| Moncreo Aveline 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). |
|
| 2 |
Going concern |
|
|
Despite presenting an overall balance sheet deficit, having reviewed the future trading and cash requirements of the company, the director considers it appropriate to continue to prepare accounts on a going concern basis. |
|
|
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: |
|
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
Stocks, properties held for sale and work in progress, are valued at the lower of cost and estimated selling price less costs to complete and sell, which is equivilent to the net realisable value. Costs comprise direct materials, direct labour costs and those overheads which have been incurred in bringing the stock to their present location and condition. Management assesses the cost held and where required will write down the stock to its net realisable value. |
|
|
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. |
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2024 |
392 |
|
Disposals |
(392) |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
22 |
|
On disposals |
(22) |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
At 31 March 2024 |
370 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
7,564 |
|
2,892 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
2,356,722 |
|
Obligations under finance lease and hire purchase contracts |
- |
|
- |
|
Trade creditors |
150,000 |
|
- |
|
Amounts owed to group undertakings. |
|
276,894 |
|
965,043 |
|
Taxation and social security costs |
359,170 |
|
- |
|
Other creditors |
3,708 |
|
7,960 |
|
|
|
|
|
|
789,772 |
|
3,329,725 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
During the year the company entered into transactions with related parties as follows: - |
|
As at 31st March 2025 the company owed its parent company £276,894 (2024 - £225,403). |
|
As at 31st March 2025 the company was owed by Moncreo Durnsford Limited, a fellow subsidiary company, £Nil (2024 £612,911). |
|
As at 31st March 2025 the company owed Neale Residence Limited, a fellow subsidiary company, £Nil (2024 - £31,729). |
|
|
| 8 |
Controlling party |
|
|
The company is controlled by Moncreo Holdings Limited a company incorporated in the UK (Co Number 12855435) which holds 100% of the company's issued capital. |
|
|
| 9 |
Other information |
|
|
Moncreo Aveline Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Scots House |
|
15 Scots Lane |
|
Salisbury |
|
Wiltshire |
|
SP1 3TR |