Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Charles Walter Stubbings 13/05/2021 David Walter Stubbings 05/12/2003 Edward Kingsley Stubbings 13/05/2021 30 July 2025 The principal activity of the Company during the financial period was letting and operating of own or leased real estate. 04986795 2025-03-31 04986795 bus:Director1 2025-03-31 04986795 bus:Director2 2025-03-31 04986795 bus:Director3 2025-03-31 04986795 2024-03-31 04986795 core:CurrentFinancialInstruments 2025-03-31 04986795 core:CurrentFinancialInstruments 2024-03-31 04986795 core:ShareCapital 2025-03-31 04986795 core:ShareCapital 2024-03-31 04986795 core:RetainedEarningsAccumulatedLosses 2025-03-31 04986795 core:RetainedEarningsAccumulatedLosses 2024-03-31 04986795 core:PlantMachinery 2024-03-31 04986795 core:FurnitureFittings 2024-03-31 04986795 core:PlantMachinery 2025-03-31 04986795 core:FurnitureFittings 2025-03-31 04986795 bus:OrdinaryShareClass1 2025-03-31 04986795 2024-04-01 2025-03-31 04986795 bus:FilletedAccounts 2024-04-01 2025-03-31 04986795 bus:SmallEntities 2024-04-01 2025-03-31 04986795 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04986795 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04986795 bus:Director1 2024-04-01 2025-03-31 04986795 bus:Director2 2024-04-01 2025-03-31 04986795 bus:Director3 2024-04-01 2025-03-31 04986795 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 04986795 core:FurnitureFittings 2024-04-01 2025-03-31 04986795 2023-04-01 2024-03-31 04986795 core:PlantMachinery 2024-04-01 2025-03-31 04986795 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 04986795 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04986795 (England and Wales)

MONARCH LETS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

MONARCH LETS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

MONARCH LETS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
MONARCH LETS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 1,024 1,204
Investment property 4 1,845,887 990,000
1,846,911 991,204
Current assets
Debtors 5 1,131 930
Cash at bank and in hand 28,850 12,167
29,981 13,097
Creditors: amounts falling due within one year 6 ( 862,530) ( 12,065)
Net current (liabilities)/assets (832,549) 1,032
Total assets less current liabilities 1,014,362 992,236
Provision for liabilities ( 51,039) ( 67,182)
Net assets 963,323 925,054
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 9 963,223 924,954
Total shareholder's funds 963,323 925,054

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Monarch Lets Limited (registered number: 04986795) were approved and authorised for issue by the Board of Directors on 30 July 2025. They were signed on its behalf by:

Charles Walter Stubbings
Director
MONARCH LETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
MONARCH LETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Monarch Lets Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1- 3 College Yard, Worcester, WR1 2LB, United Kingdom. The principal place of business is The Birch 59 Retreat Street, Astwood Bank, Redditch, B96 6AH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 April 2024 384 16,010 16,394
At 31 March 2025 384 16,010 16,394
Accumulated depreciation
At 01 April 2024 384 14,806 15,190
Charge for the financial year 0 180 180
At 31 March 2025 384 14,986 15,370
Net book value
At 31 March 2025 0 1,024 1,024
At 31 March 2024 0 1,204 1,204

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 990,000
Additions 870,887
Fair value movement (15,000)
As at 31 March 2025 1,845,887

Valuation

The properties have been valued by the directors at the balance sheet date, with reference to current market values.

5. Debtors

2025 2024
£ £
Prepayments 1,031 359
Other debtors 100 571
1,131 930

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 0 4,352
Amounts owed to Group undertakings 2 2
Amounts owed to directors 849,680 1,800
Accruals and deferred income 3,745 3,400
Taxation and social security 9,103 2,511
862,530 12,065

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

At the balance sheet date, the Company owed the directors £849,680 (2024: £1,800). The loans are interest free and repayable on demand.

9. Reserves

Of the £963,223 reserves at the year-end, £347,082 of this is non-distributable as it relates to the increase in fair value of investment property, less associated deferred tax.