REGISTERED NUMBER: 07694312 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MONARCH KM LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr R R Chhapwale

Mrs D Chhapwale

SECRETARY:

Mr R R Chhapwale

REGISTERED OFFICE:

2 The Drive

Rickmansworth

Hertfordshire

WD3 4EB

REGISTERED NUMBER:

07694312 (England and Wales)

ACCOUNTANTS:

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Monarch KM Ltd for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Monarch KM Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Monarch KM Ltd and state those matters that we have agreed to state to the Board of Directors of Monarch KM Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Monarch KM Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Monarch KM Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Monarch KM Ltd. You consider that Monarch KM Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Monarch KM Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

4 December 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,867,348

2,798,990

2,867,348

2,798,990

CURRENT ASSETS

Debtors

6

52,011

88,073

Cash at bank and in hand

343,491

193,095

395,502

281,168

CREDITORS

Amounts falling due within one year

7

194,578

136,587

NET CURRENT ASSETS

200,924

144,581

TOTAL ASSETS LESS CURRENT LIABILITIES

3,068,272

2,943,571

CREDITORS

Amounts falling due after more than one year

8

(1,812,967

)

(1,833,855

)

PROVISIONS FOR LIABILITIES

(165,890

)

(150,878

)

NET ASSETS

1,089,415

958,838

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

10

783,583

783,583

Retained earnings

10

304,832

174,255

SHAREHOLDERS' FUNDS

1,089,415

958,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

Mr R R Chhapwale - Director

1.	STATUTORY INFORMATION

Monarch KM 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents value of services provided to the balance sheet date and is recognised when the company has a right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on cost

Plant and machinery

-

15% on reducing balance and 5% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2024 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,525,000

AMORTISATION

At 1 April 2024

and 31 March 2025

1,525,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

2,530,916

727,871

67,477

57,735

3,383,999

Additions

96,465

-

8,769

10,656

115,890

At 31 March 2025

2,627,381

727,871

76,246

68,391

3,499,889

DEPRECIATION

At 1 April 2024

69,076

426,036

52,550

37,347

585,009

Charge for year

9,461

21,903

5,924

10,244

47,532

At 31 March 2025

78,537

447,939

58,474

47,591

632,541

NET BOOK VALUE

At 31 March 2025

2,548,844

279,932

17,772

20,800

2,867,348

At 31 March 2024

2,461,840

301,835

14,927

20,388

2,798,990

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2015

803,725

-

-

-

803,725

Valuation in 2016

100,000

-

-

-

100,000

Cost

1,723,656

727,871

76,246

68,391

2,596,164

2,627,381

727,871

76,246

68,391

3,499,889

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,723,656

1,630,917

Aggregate depreciation

78,537

69,114

Value of land in freehold land and buildings

1,681,304

1,681,304

Freehold property was valued on an open market basis on 31 March 2016 by the directors .

In the opinion of the directors, the open market value of the freehold property at 31 March 2025 is not significantly different to that stated above.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,013

27,722

Amounts owed by connected companies

40,335

49,736

Other debtors

6,663

10,615

52,011

88,073

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

26,613

32,337

Trade creditors

18,995

23,475

Taxation and social security

100,866

28,059

Other creditors

48,104

52,716

194,578

136,587

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,812,967

1,833,855

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,839,580

1,866,192

The bank loan is secured by a way of a fixed charge over the property at 6-8 Pixham Lane and a floating charge over all property of the the company.

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

174,255

783,583

957,838

Profit for the year

202,577

202,577

Dividends

(72,000

)

(72,000

)

At 31 March 2025

304,832

783,583

1,088,415

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £72,000 (2024 - £84,025) were paid to the directors .