Monksbridge Park Limited Filleted accounts for Companies House (small and micro)

Monksbridge Park Limited

Unaudited financial statements

31 December 2025

Company Registration Number 00862968

Monksbridge Park Limited

Financial statements

year ended 31 December 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 7

Monksbridge Park Limited

Balance sheet

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,212,939	2,412,841

Current assets

Stocks		–	11,417
Debtors	6	230,776	452,855
Cash at bank and in hand		1,337,463	520,904
		------------	---------
		1,568,239	985,176

Creditors: amounts falling due within one year	7	335,287		493,214
		------------		---------
Net current assets			1,232,952	491,962
			------------	------------
Total assets less current liabilities			3,445,891	2,904,803

Provisions

Taxation including deferred tax	295,938	352,814
	------------	------------
Net assets	3,149,953	2,551,989
	------------	------------

Capital and reserves

Called up share capital	4,002	4,002
Revaluation reserve	–	402,378
Capital redemption reserve	14,018	14,018
Profit and loss account	3,131,933	2,131,591
	------------	------------
Shareholders funds	3,149,953	2,551,989
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Monksbridge Park Limited

Balance sheet (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 13 March 2026 , and are signed on behalf of the board by:

L Gull
Director

Company registration number: 00862968

Monksbridge Park Limited

Notes to the financial statements

year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Unit 11 Monksbridge Trading Estate, Outgang Lane, Dinnington, Sheffield.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

3.1 Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

3.2 Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

3.3 Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3.4 Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

3.5 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Buildings	-	2% straight line - Land - nil
Garage equipment	-	20% reducing balance
Office equipment	-	15% reducing balance - Computer equipment - 25% straight line
Motor vehicles	-	15% straight line
Cars	-	15% straight line

3.6 Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

3.7 Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3.8 Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

3.9 Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3.10 Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model.

3.11 Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 20 ).

5. Tangible assets

Freehold property	Garage equipment	Office equipment	Lorries	Total
£	£	£	£	£

Cost or valuation
At 1 January 2025	1,284,590	49,534	99,382	1,592,006	3,025,512
Additions	–	–	5,510	–	5,510
Disposals	–	–	( 52,128)	( 1,412,485)	( 1,464,613)
Revaluations	765,410	–	–	–	765,410
	------------	--------	--------	------------	------------
At 31 December 2025	2,050,000	49,534	52,764	179,521	2,331,819
	------------	--------	--------	------------	------------
Depreciation
At 1 January 2025	62,745	28,659	67,967	453,300	612,671
Charge for the year	3,132	4,226	6,115	79,875	93,348
Disposals	–	–	( 50,818)	( 470,444)	( 521,262)
Revaluations	( 65,877)	–	–	–	( 65,877)
	------------	--------	--------	------------	------------
At 31 December 2025	–	32,885	23,264	62,731	118,880
	------------	--------	--------	------------	------------
Carrying amount
At 31 December 2025	2,050,000	16,649	29,500	116,790	2,212,939
	------------	--------	--------	------------	------------
At 31 December 2024	1,221,845	20,875	31,415	1,138,706	2,412,841
	------------	--------	--------	------------	------------

Included within the above is investment property as follows:

	£

At 1 January 2025	600,000
Fair value adjustments	550,000
Transfers from tangible assets	900,000
	------------
At 31 December 2025	2,050,000
	------------

The investment property comprises land and buildings at Monksbridge Trading Estate. In April 2025 the owner occupied property was transferred to investment property. The investment properties are valued by the director at fair value at the balance sheet date. Any gain or loss arising from a change in fair value is recognised in profit or loss.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Lorries
	£

At 31 December 2025	–
	----
At 31 December 2024	148,000
	---------

6. Debtors

	2025	2024
	£	£

Trade debtors	47,280	436,138
Other debtors	183,496	16,717
	---------	---------
	230,776	452,855
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	2,606	229,200
Corporation tax	303,908	130,988
Social security and other taxes	13,753	101,499
Other creditors	15,020	31,527
	---------	---------
	335,287	493,214
	---------	---------

8. Director's advances, credits and guarantees

During the year the company made interest free advances to a director of £168,565 (2024 - nil). These were repayable on demand. The amount outstanding at the balance sheet date was £168,565 (2024 - nil) this was repaid within 9 months of the end of the accounting period.