IRIS Accounts Production v25.1.4.42 09684757 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096847572023-12-31096847572024-12-31096847572024-01-012024-12-31096847572022-12-31096847572023-01-012023-12-31096847572023-12-3109684757ns15:EnglandWales2024-01-012024-12-3109684757ns14:PoundSterling2024-01-012024-12-3109684757ns10:Director12024-01-012024-12-3109684757ns10:CompanyLimitedByGuarantee2024-01-012024-12-3109684757ns10:SmallEntities2024-01-012024-12-3109684757ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109684757ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109684757ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109684757ns10:FullAccounts2024-01-012024-12-3109684757ns10:RegisteredOffice2024-01-012024-12-3109684757ns5:CurrentFinancialInstruments2024-12-3109684757ns5:CurrentFinancialInstruments2023-12-3109684757ns5:RetainedEarningsAccumulatedLosses2024-12-3109684757ns5:RetainedEarningsAccumulatedLosses2023-12-3109684757ns5:LandBuildings2023-12-3109684757ns5:LandBuildings2024-12-3109684757ns5:LandBuildings2023-12-3109684757ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109684757ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109684757ns5:RetainedEarningsAccumulatedLosses2023-12-3109684757ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 09684757 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MONOWAI LIMITED

MONOWAI LIMITED (REGISTERED NUMBER: 09684757)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5


MONOWAI LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: Mr S K Graham





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
Greater Manchester
M44 5XD





REGISTERED NUMBER: 09684757 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

MONOWAI LIMITED (REGISTERED NUMBER: 09684757)

REPORT OF THE DIRECTOR
for the Year Ended 31 December 2024

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of residential property management. It is a not for profit company.

DIRECTOR
Mr S K Graham held office during the whole of the period from 1 January 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr S K Graham - Director


7 August 2025

MONOWAI LIMITED (REGISTERED NUMBER: 09684757)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 215 215
Cash at bank 23,167 17,265
23,382 17,480
CREDITORS
Amounts falling due within one year 6 (720 ) -
NET CURRENT ASSETS 22,662 17,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,663

17,481

RESERVES
Income and expenditure account 7 22,663 17,481
22,663 17,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2025 and were signed by:





Mr S K Graham - Director


MONOWAI LIMITED (REGISTERED NUMBER: 09684757)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Monowai Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of the service charge consideration received or receivable, excluding discounts, rebates, value added tax in relation to the property. The service charge is set annually with the intention that the funds will be used on the upkeep of the communal parts of the building.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation net of depreciation and impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less residual value over their useful economic life on the following basis :

Freehold land and buildings - A nominal amount was paid for the freehold title and consequently a depreciation charge is not appropriate.

A gain or loss arising on the disposal of an asset is accounted for through the income and expenditure account.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' of FRS 102 to all of its instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is legally enforceable right of set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purpose of making a profit.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

MONOWAI LIMITED (REGISTERED NUMBER: 09684757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

The company owns the freehold title to Monowai Apartments, Headline Road, Carbis Bay, Cornwall, TR26 2NR.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 215 215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 720 -

7. RESERVES
Income
and
expenditure
account
£   

At 1 January 2024 17,481
Surplus for the year 5,182
At 31 December 2024 22,663

8. ULTIMATE CONTROLLING PARTY

The company is under the control of its members and is limited by guarantee. Not having a share capital the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.