Registered number
12860817
Moncreo Capital Limited
Filleted Accounts
31 March 2025
Moncreo Capital Limited
Registered number: 12860817
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 648 865
Current assets
Debtors 4 - 95,000
Investments held as current assets 5 99,980 299,840
Cash at bank and in hand 3,565 443
103,545 395,283
Creditors: amounts falling due within one year 6 (403,120) (528,827)
Net current liabilities (299,575) (133,544)
Net liabilities (298,927) (132,679)
Capital and reserves
Called up share capital 100 100
Profit and loss account (299,027) (132,779)
Shareholder's funds (298,927) (132,679)
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 Capital 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 stocks and shares. Sales are recognised when the significant risks and rewards of ownership of the assets have transferred to the buyer.
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
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 2,049
At 31 March 2025 2,049
Depreciation
At 1 April 2024 1,184
Charge for the year 217
At 31 March 2025 1,401
Net book value
At 31 March 2025 648
At 31 March 2024 865
4 Debtors 2025 2024
£ £
Amounts owed by group undertakings - 95,000
5 Investments held as current assets 2025 2024
£ £
Fair value
Listed investments 99,980 299,840
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 1,718 7,974
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts (78,831) 33,176
Amounts owed to group undertakings 481,351 444,151
Other creditors 600 51,500
403,120 528,827
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 £481,351 (2024 - £440,885).
As at 31st March 2025 the company owed Neale Residence Limited, a fellow subsidiary company, £Nil (2024 - £3,266).
As at 31st March 2025 the company was owed £Nil (2024 - £95,000) by a fellow subsidiary Moncreo Aveline Limited.
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 Capital 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
Moncreo Capital Limited 12860817 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 M O Neale No description of principal activity 12860817 2023-04-01 2024-03-31 12860817 core:WithinOneYear 2024-03-31 12860817 core:ShareCapital 2024-03-31 12860817 core:RetainedEarningsAccumulatedLosses 2024-03-31 12860817 2024-04-01 2025-03-31 12860817 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12860817 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12860817 bus:Director40 2024-04-01 2025-03-31 12860817 1 2024-04-01 2025-03-31 12860817 2 2024-04-01 2025-03-31 12860817 core:PlantMachinery 2024-04-01 2025-03-31 12860817 countries:England 2024-04-01 2025-03-31 12860817 bus:FRS102 2024-04-01 2025-03-31 12860817 bus:FilletedAccounts 2024-04-01 2025-03-31 12860817 2025-03-31 12860817 core:WithinOneYear 2025-03-31 12860817 core:ShareCapital 2025-03-31 12860817 core:RetainedEarningsAccumulatedLosses 2025-03-31 12860817 core:PlantMachinery 2025-03-31 12860817 2024-03-31 12860817 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure