REGISTERED NUMBER: 02201841 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MONOCODE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R G Simmons

SECRETARY:

Mrs C A Simmons

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

02201841 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

Chartered Accountants

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Tangible assets

4

3,165

4,155

Investment property

5

1,040,000

1,040,000

1,043,165

1,044,155

CURRENT ASSETS

Debtors

6

1,006,862

1,024,948

Cash at bank

6,076

9,049

1,012,938

1,033,997

CREDITORS

Amounts falling due within one year

7

892,457

880,349

NET CURRENT ASSETS

120,481

153,648

TOTAL ASSETS LESS CURRENT LIABILITIES

1,163,646

1,197,803

CREDITORS

Amounts falling due after more than one year

8

-

(36,766

)

PROVISIONS FOR LIABILITIES

(54,378

)

(54,625

)

NET ASSETS

1,109,268

1,106,412

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

416,120

416,120

Retained earnings

693,048

690,192

SHAREHOLDERS' FUNDS

1,109,268

1,106,412

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

R G Simmons - Director

1.	STATUTORY INFORMATION

Monocode Limited 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 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 historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

16,211

13,415

749

30,375

DEPRECIATION

At 1 April 2024

14,478

11,495

247

26,220

Charge for year

260

480

250

990

At 31 March 2025

14,738

11,975

497

27,210

NET BOOK VALUE

At 31 March 2025

1,473

1,440

252

3,165

At 31 March 2024

1,733

1,920

502

4,155

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,040,000

NET BOOK VALUE

At 31 March 2025

1,040,000

At 31 March 2024

1,040,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2003

343,190

Valuation in 2005

200,000

Valuation in 2010

21,117

Valuation in 2014

85,000

Valuation in 2015

65,000

Valuation in 2023

(84,601

)

Valuation in 2024

(160,000

)

Cost

570,294

1,040,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

570,294

570,294

Investment properties were valued on an open market basis basis on 31 March 2025 by the Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,625

1,500

Other debtors

1,002,614

1,020,946

Prepayments

2,623

2,502

1,006,862

1,024,948

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

35,897

36,000

Trade creditors

10,791

6,947

Social security and other taxes

1,517

6,869

Other creditors

126,041

97,898

Directors' current accounts

702,655

721,797

Accruals and deferred income

13,806

10,838

Accrued expenses

1,750

-

892,457

880,349

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-5 years

-

36,766

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

35,897

72,766

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

416,120