REGISTERED NUMBER: 11723863 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Monarch Concept 1 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Amin

SECRETARY:

M S Amin

REGISTERED OFFICE:

11a Empire Parade

Empire Way

Wembley

HA9 0RQ

REGISTERED NUMBER:

11723863 (England and Wales)

ACCOUNTANTS:

AS Associates

Chartered Certified Accountants

11A Empire Parade

Empire Way

Wembley

Middlesex

HA9 0RQ

FIXED ASSETS

Investment property

4

1,675,000

1,245,750

CURRENT ASSETS

Cash at bank and in hand

4,522

283

CREDITORS

Amounts falling due within one year

5

90,728

82,879

NET CURRENT LIABILITIES

(86,206

)

(82,596

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,588,794

1,163,154

CREDITORS

Amounts falling due after more than one year

6

(1,150,868

)

(1,157,644

)

PROVISIONS FOR LIABILITIES

(107,313

)

-

NET ASSETS

330,613

5,510

CAPITAL AND RESERVES

Called up share capital

7

100

100

Revaluation reserve

8

321,937

-

Retained earnings

8

8,576

5,410

SHAREHOLDERS' FUNDS

330,613

5,510

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 profit or loss 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

M S Amin - Director

1.	STATUTORY INFORMATION

Monarch Concept 1 Ltd is a private company, limited by shares , 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,245,750

Revaluations

429,250

At 31 December 2024

1,675,000

NET BOOK VALUE

At 31 December 2024

1,675,000

At 31 December 2023

1,245,750

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

1,675,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

485

Amounts owed to associates

65,547

65,547

Taxation and social security

2,012

1,269

Other creditors

23,169

15,578

90,728

82,879

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,150,868

1,157,644

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,118,650

1,118,650

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

5,410

-

5,410

Profit for the year

3,166

3,166

Revaluations

-

321,937

321,937

At 31 December 2024

8,576

321,937

330,513