Registration number: 09307243

Monks Estate & Letting Agents Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Monks Estate & Letting Agents Limited

Company Information

Directors

J Rawlings-Davies P Baila Ruiz

Registered office

10a Shoplatch Shrewsbury Shropshire SY1 1HL

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Monks Estate & Letting Agents Limited

(Registration number: 09307243)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	17,362	35,687
Tangible assets	5	21,538	25,146
		38,900	60,833
Current assets
Debtors	6	27,906	31,937
Cash at bank and in hand		70,147	30,891
		98,053	62,828
Creditors: Amounts falling due within one year	7	(103,327)	(86,613)
Net current liabilities		(5,274)	(23,785)
Total assets less current liabilities		33,626	37,048
Creditors: Amounts falling due after more than one year	7	(4,000)	(13,600)
Net assets		29,626	23,448
Capital and reserves
Called up share capital	8	150	150
Retained earnings		29,476	23,298
Shareholders' funds		29,626	23,448

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Monks Estate & Letting Agents Limited

(Registration number: 09307243)
Balance Sheet as at 31 December 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

P Baila Ruiz Director

Monks Estate & Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10a Shoplatch
Shrewsbury
Shropshire
SY1 1HL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Monks Estate & Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line
Fixtures and fittings	25% straight line
Motor vehicles	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Monks Estate & Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 16).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	183,256	183,256
At 31 December 2024	183,256	183,256
Amortisation
At 1 January 2024	147,569	147,569
Amortisation charge	18,325	18,325
At 31 December 2024	165,894	165,894
Carrying amount
At 31 December 2024	17,362	17,362
At 31 December 2023	35,687	35,687

Monks Estate & Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	73,303	2,750	33,884	109,937
Additions	10,763	-	-	10,763
At 31 December 2024	84,066	2,750	33,884	120,700
Depreciation
At 1 January 2024	50,895	2,750	31,146	84,791
Charge for the year	11,654	-	2,717	14,371
At 31 December 2024	62,549	2,750	33,863	99,162
Carrying amount
At 31 December 2024	21,517	-	21	21,538
At 31 December 2023	22,408	-	2,738	25,146

6

Debtors

Current	2024 £	2023 £
Trade debtors	16,097	20,986
Prepayments	11,659	10,788
Other debtors	150	163
	27,906	31,937

Monks Estate & Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	9,600	9,600
Trade creditors		19,053	12,567
Taxation and social security		41,590	27,178
Accruals and deferred income		13,911	11,461
Other creditors		19,173	25,807
		103,327	86,613

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	4,000	13,600

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	150	150	150	150

Monks Estate & Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	4,000	13,600

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	9,600	9,600

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £12,512 (2023 - £20,184).

11	Related party transactions

As at the reporting date the company owed the directors a balance of £14,541 (2023 - £14,541), which is included in Other Creditors. This balance is unsecured, interest free and with no fixed repayment terms.