Monadd Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11471322

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		241,469		241,952
Tangible Assets	5		230		307

			241,699		242,259
CURRENT ASSETS
Debtors	6	115		1,822
Cash at bank and in hand		213		469

		328		2,291
Creditors: Amounts Falling Due Within One Year	7	(87,787 )		(80,704 )

NET CURRENT ASSETS (LIABILITIES)			(87,459 )		(78,413 )

TOTAL ASSETS LESS CURRENT LIABILITIES			154,240		163,846

Creditors: Amounts Falling Due After More Than One Year	8		(1,344 )		(1,849 )

NET ASSETS			152,896		161,997

CAPITAL AND RESERVES
Called up share capital	9		55,868		46,359
Share premium account			236,754		236,754
Profit and Loss Account			(139,726 )		(121,116 )

SHAREHOLDERS' FUNDS			152,896		161,997

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Monadd Ltd

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Jessica Mendoza

Director

06/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Monadd Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11471322 . The registered office is 33 Foley Street, Work.Life, London, W1W 7TL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets represent the capitalised cost of internally generated software. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% Straight Line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

2Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	264,947
Additions	8,145

As at 31 December 2024	273,092

Amortisation
As at 1 January 2024	22,995
Provided during the period	8,628

As at 31 December 2024	31,623

Net Book Value
As at 31 December 2024	241,469

As at 1 January 2024	241,952

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Monadd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	384

As at 31 December 2024	384

Depreciation
As at 1 January 2024	77
Provided during the period	77

As at 31 December 2024	154

Net Book Value
As at 31 December 2024	230

As at 1 January 2024	307

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
VAT	115	1,822

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Bank loans and overdrafts	929	929
Other taxes and social security	43,618	43,315
Net wages	43,240	36,460

	87,787	80,704

Bank Loans include a Government backed Bounce Back Loan advanced to the Company from Starling Bank Limited. The loan is unsecured, interest bearing at 2.5% and repayable over 6 years. Amounts due after one year are disclosed in Note 6.

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	1,344	1,849

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Monadd Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	55,868	46,359

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