ACCOUNTS - Final Accounts preparation

Company registration number: 07595535

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	MONBELL LIMITED


MONBELL LIMITED

COMPANY INFORMATION

Directors	K. T. Fattal
	J. S. Fleming
	S. M. S. Kashi
	G. E. Fattal
	L. A. Fattal
	E. R. Fattal
	J. G. Fattal


Registered number	07595535


Registered office	3-5 Fashion Street
	London
	E1 6PX


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


Bankers	Lloyds Bank Plc
	35 Whitechapel High Street
	London
	E1 7PH


MONBELL LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 3


MONBELL LIMITED REGISTERED NUMBER:07595535

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	3		745,556		745,556
			745,556		745,556
Current assets
Cash at bank and in hand		220,042		198,722
		220,042		198,722
Creditors: amounts falling due within one year	4	(331,561)		(384,359)
Net current liabilities			(111,519)		(185,637)
Total assets less current liabilities			634,037		559,919

Net assets			634,037		559,919

Capital and reserves
Allotted, called up and fully paid share capital	1,000	1,000
Profit and loss account	633,037	558,919
	634,037	559,919

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S. M. S. Kashi

Director

Date: 24 October 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1


MONBELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.Accounting policies

1.1

General information

The company is a private company limited by shares and incorporated in England and Wales. The address of the registered office is disclosed on the company information page. There is no trading address. The presentation currency is £ sterling.

1.2

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

1.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

1.4

Revenue

Revenue is recognised on a rent receivable basis to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the rent consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

1.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 7).

Page 2


MONBELL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	745,556
	At 31 March 2025	745,556

The 2025 valuations were made by the directors, on an open market value for existing use basis.

4.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other loans	265,000	266,860
Corporation tax	24,172	25,110
Other creditors	40,529	90,529
Accruals and deferred income	1,860	1,860
	331,561	384,359

5.	Transactions with directors

At the year end there was a balance on the directors current account of £529 (2024: £529) which is included within other creditors above. This amount was advanced to the company, there has been no movement on this balance from the previous accounting period. No interest was charged on the balance.
Included in other creditors are amounts of £265,000 (2024: £265,000) that relate to an interest free loan received from Pennine Import & Export Limited a company controlled by E.R and J.G Fattal.

6.	Related party transactions

The directors are of the opinion that there is no one controlling party.

Page 3