Mongewell Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02735046

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		15,643		12,423

			15,643		12,423
CURRENT ASSETS
Debtors	5	29,276		25,158
Cash at bank and in hand		15,791		8,161

		45,067		33,319
Creditors: Amounts Falling Due Within One Year	6	(12,751 )		(25,398 )

NET CURRENT ASSETS (LIABILITIES)			32,316		7,921

TOTAL ASSETS LESS CURRENT LIABILITIES			47,959		20,344

Creditors: Amounts Falling Due After More Than One Year	7		(367,171 )		(292,271 )

NET LIABILITIES			(319,212 )		(271,927 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(319,214 )		(271,929 )

SHAREHOLDERS' FUNDS			(319,212)		(271,927)

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Mongewell Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Marwan Salloum

Director

03/06/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Mongewell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02735046 . The registered office is The American Barns, Banbury Road, Lighthorne, Warwick, CV35 0AE.

The presentation currency of the financial statements is the Pound Sterling (£).

All monetary amounts are rounded to the nearest pound.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

In determining whether the company’s financial statements can be prepared on a going concern basis the directors have considered all the factors likely to affect its future development, performance and its financial position. Existing loan facilities are provided by a director and the lender has confirmed that they will not request repayment of the loan within 12 months from the date of signing and that they will fund any shortfall in operating cash flow. The company is in a net current liability position but after making enquires, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the company’s financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% reducing balance / 10% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 50 (2024: 51)

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Mongewell Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	76,788
Additions	8,283
Disposals	(18,570 )

As at 31 December 2025	66,501

Depreciation
As at 1 January 2025	64,365
Provided during the period	4,092
Disposals	(17,599 )

As at 31 December 2025	50,858

Net Book Value
As at 31 December 2025	15,643

As at 1 January 2025	12,423

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	21,169	22,423
VAT	8,107	2,735

	29,276	25,158

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,159	5,234
PAYE and NIC creditors	(183 )	445
Accruals and deferred income	7,775	19,719

	12,751	25,398

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Directors loan account	367,171	292,271

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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