Company registration number: 11387396
Unaudited financial statements
for the year ended 31 March 2025
for
Monaco Gedling Limited
Pages for filing with the Registrar
Company registration number: 11387396
Monaco Gedling Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 73,125 78,750
Tangible assets 5 14,840 17,458
87,965 96,208
Current assets
Stocks 2,850 2,850
Debtors - 4,576
Cash at bank and in hand 2,109 9,308
4,959 16,734
Creditors: amounts falling due within one
year 		(17,867) (27,494)
Net current liabilities (12,908) (10,760)
Total assets less current liabilities 75,057 85,448
Creditors: Amounts falling due after more
than one year 		(16,492) (21,509)
Provisions for liabilities (3,806) (3,806)
NET ASSETS 54,759 60,133
Capital and reserves
Called up share capital 3 3
Profit and loss account 54,756 60,130
TOTAL EQUITY 54,759 60,133
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11387396
Monaco Gedling Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr B Naderi, Director
26 September 2025
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Monaco Gedling Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Monaco Gedling Limited is a private company registered in England and Wales. Its registered number is 11387396. The company is limited by shares. Its registered office is 83 Park Road, Chilwell, Nottingham, NG9 4DE.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 5% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
3
Monaco Gedling Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 3).
4 Intangible assets
Goodwill
£
Cost
At 1 April 2024 112,500
At 31 March 2025 112,500
4
Monaco Gedling Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Intangible assets - continued
Amortisation
At 1 April 2024 33,750
Charge for year 5,625
At 31 March 2025 39,375
Net book value
At 31 March 2025 73,125
At 31 March 2024 78,750
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 36,540
At 31 March 2025 36,540
Depreciation
At 1 April 2024 19,082
Charge for year 2,618
At 31 March 2025 21,700
Net book value
At 31 March 2025 14,840
At 31 March 2024 17,458
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024.
5
Monaco Gedling Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
6 Advances, credit and guarantees granted to the director - continued
2025 2024
£ £
B S Naderi
Balance outstanding at start of year (4,576) 4,699
Amounts advanced 5,625 -
Amounts repaid - (9,275)
Balance outstanding at end of year 1,050 (4,576)
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