Registered number
13607243
Moncreo Durnsford Limited
Filleted Accounts
31 March 2025
Moncreo Durnsford Limited
Registered number: 13607243
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 992 644,973
Cash at bank and in hand 2,193 34,826
3,185 679,799
Creditors: amounts falling due within one year 4 (8,770) (259,744)
Net current (liabilities)/assets (5,585) 420,055
Net (liabilities)/assets (5,585) 420,055
Capital and reserves
Called up share capital 1 1
Profit and loss account (5,586) 420,054
Shareholder's funds (5,585) 420,055
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 Durnsford 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2025 2024
£ £
Amounts owed by group undertakings. - 612,911
Other debtors 992 32,062
992 644,973
4 Creditors: amounts falling due within one year 2025 2024
£ £
Amounts owed to group undertakings. 6,520 243,127
Taxation and social security costs - 8,532
Other creditors 2,250 8,085
8,770 259,744
5 Related party transactions
During the year the company entered into transactions with related parties as follows: -
The company's parent company charged £4,000 of project management fees (2024 - £24000)
As at 31st March 2025 the company owed its parent company £6,520 (2024 - £57,424).
As at 31st March 2025 the company was owed by Moncreo Aveline Limited, a fellow subsidiary company, £Nil (2024 - £612,911).
As at 31st March 2024 the company owed Neale Residence Limited, a fellow subsidiary company, £Nil (2024 - £185,703).
6 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.
7 Other information
Moncreo Durnsford 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
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