Registration number: 10714771

Monete Ltd

Contents

Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 to 6

Monete Ltd

(Registration number: 10714771)
Balance Sheet as at 30 April 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Tangible assets	4	17,936	18,335
Current assets
Debtors	5	6,727	5,304
Investments	6	127,720	90,434
Cash at bank and in hand		18,068	36,288
		152,515	132,026
Creditors: Amounts falling due within one year	7	(18,562)	(10,726)
Net current assets		133,953	121,300
Total assets less current liabilities		151,889	139,635
Provisions for liabilities		(8,058)	(8,058)
Net assets		143,831	131,577
Capital and reserves
Called up share capital		4	4
Revaluation reserve		56,691	36,321
Retained earnings		87,136	95,252
Shareholders' funds		143,831	131,577

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 December 2025
 

......................................... F Simoni Director

Monete Ltd

Statement of Changes in Equity for the Year Ended 30 April 2025

	Share capital £	Revaluation reserve £	Retained earnings £	Total £
At 1 May 2024	4	36,321	95,252	131,577
Loss for the year	-	-	(8,116)	(8,116)
Other comprehensive income	-	20,370	-	20,370
Total comprehensive income	-	20,370	(8,116)	12,254
At 30 April 2025	4	56,691	87,136	143,831

	Share capital £	Revaluation reserve £	Retained earnings £	Total £
At 1 May 2023	4	14,380	122,566	136,950
Loss for the year	-	-	(27,314)	(27,314)
Other comprehensive income	-	21,941	-	21,941
Total comprehensive income	-	21,941	(27,314)	(5,373)
At 30 April 2024	4	36,321	95,252	131,577

	Share capital £	Revaluation reserve £	Retained earnings £	Total £
At 1 May 2023	4	14,380	122,566	136,950
Loss for the year	-	-	(27,314)	(27,314)
Other comprehensive income	-	21,941	-	21,941
Total comprehensive income	-	21,941	(27,314)	(5,373)
At 30 April 2024	4	36,321	95,252	131,577

Monete Ltd

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with terms of the contract.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Monete Ltd

Notes to the Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment, Fixtures & Fittings	25% Straight Line
Office equipment	25% Straight Line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Monete Ltd

Notes to the Financial Statements for the Year Ended 30 April 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 2).

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 May 2024	43,944	-	43,944
Additions	704	7,444	8,148
At 30 April 2025	44,648	7,444	52,092
Depreciation
At 1 May 2024	25,609	-	25,609
Charge for the year	7,318	1,229	8,547
At 30 April 2025	32,927	1,229	34,156
Carrying amount
At 30 April 2025	11,721	6,215	17,936
At 30 April 2024	18,335	-	18,335

Monete Ltd

Notes to the Financial Statements for the Year Ended 30 April 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	2,251	331
Other debtors	4,476	4,973
	6,727	5,304

6	Current asset investments

	2025 £	(As restated) 2024 £
Other investments	127,720	90,434

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	3,406	2,259
Taxation and social security	18	9
Accruals and deferred income	6,563	3,454
Other creditors	8,575	5,004
	18,562	10,726

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	20,370	20,370

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	21,941	21,941