Company registration number 07735693 (England and Wales)
MONKEY BIZNESS PLAY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 16 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
MONKEY BIZNESS PLAY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
MONKEY BIZNESS PLAY LIMITED
BALANCE SHEET
AS AT
16 JANUARY 2025
16 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
22,048
27,561
Tangible assets
4
1,037,859
1,255,312
1,059,907
1,282,873
Current assets
Debtors
5
326,969
315,866
Cash at bank and in hand
262,646
492,964
589,615
808,830
Creditors: amounts falling due within one year
6
(1,108,457)
(1,396,786)
Net current liabilities
(518,842)
(587,956)
Total assets less current liabilities
541,065
694,917
Creditors: amounts falling due after more than one year
7
(76,942)
(71,317)
Provisions for liabilities
(202,606)
(249,140)
Net assets
261,517
374,460
Capital and reserves
Called up share capital
100,000
100,000
Revaluation reserve
27,569
27,569
Profit and loss reserves
133,948
246,891
Total equity
261,517
374,460
MONKEY BIZNESS PLAY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
16 JANUARY 2025
16 January 2025
- 2 -
For the financial year ended 16 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 30 April 2025 and are signed on its behalf by:
Mr E F R Stevenson
Director
Company registration number 07735693 (England and Wales)
MONKEY BIZNESS PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 16 JANUARY 2025
- 3 -
1
Accounting policies
Company information
Monkey Bizness Play Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hophouse, Maltings Park, West Bergholt, Colchester, Essex, CO6 3TJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for 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.
1.4
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.
Goodwill is written off over 10 years from the first full period of ownership.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
10% straight line
Fixtures and fittings
8.33%-10% straight line
Equipment
25% straight line
Motor vehicles
25% reducing balance
MONKEY BIZNESS PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 16 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation surplus to the profit and loss account.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Investments, including those in subsidiary undertakings are held at fair value at the balance sheet date, with gains and losses being recognised within income and expenditure. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The tax balance has not been discounted.
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
MONKEY BIZNESS PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 16 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
155
170
3
Intangible fixed assets
Goodwill
£
Cost
At 17 January 2024 and 16 January 2025
55,125
Amortisation and impairment
At 17 January 2024
27,564
Amortisation charged for the year
5,513
At 16 January 2025
33,077
Carrying amount
At 16 January 2025
22,048
At 16 January 2024
27,561
MONKEY BIZNESS PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 16 JANUARY 2025
- 6 -
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Equipment
Motor vehicles
Total
£
£
£
£
£
Cost or valuation
At 17 January 2024
733,932
1,253,243
175,435
80,209
2,242,819
Additions
44,950
44,950
At 16 January 2025
733,932
1,253,243
220,385
80,209
2,287,769
Depreciation and impairment
At 17 January 2024
534,057
288,668
138,171
26,611
987,507
Depreciation charged in the year
65,450
11,852
21,701
13,400
112,403
Impairment losses
150,000
150,000
At 16 January 2025
599,507
450,520
159,872
40,011
1,249,910
Carrying amount
At 16 January 2025
134,425
802,723
60,513
40,198
1,037,859
At 16 January 2024
199,875
964,575
37,264
53,598
1,255,312
The fixtures and fittings were revalued by the directors on an open market basis during the period ended 31 July 2012. The directors are not aware of any material changes in the value of those assets as at 16 January 2025.
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
22,563
12,353
Amounts owed by group undertakings
99,202
99,202
Other debtors
205,204
204,311
326,969
315,866
MONKEY BIZNESS PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 16 JANUARY 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
47,281
38,468
Other borrowings
139,608
227,037
Trade creditors
267,660
314,688
Corporation tax
8,938
185,516
Other taxation and social security
152,496
151,512
Other creditors
384,474
415,981
Accruals and deferred income
108,000
63,584
1,108,457
1,396,786
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
76,942
71,317
8
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2025
2024
£
£
1,848,268
2,448,000
9
Related party transactions
Transactions with related parties
The company has taken advantage of the exemption available under FRS102 1A Section 33 "Related party disclosures" whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertakings of the group.
The company has dealings with companies that are associated either through common directorships or ownership by close family members of the directors. All these transactions are conducted under normal market conditions and therefore do not require separate disclosure.
10
Parent company
The company's parent company is Monkey Bizness Group Limited, a company registered in England and Wales.