MONC LTD


Directors	Freddie George Monkton Elborne
	Mark Edward Monckton Elborne
	Simon Henry Monckton Elborne


Registered Address	21 Chiltern Street
	London
	W1U 7PH


Registered Number	09853551 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		49,364		16,437
			49,364		16,437
Current assets
Stocks	4	140,413		111,226
Debtors	5	49,422		62,155
Cash at bank and on hand		343,853		264
		533,688		173,645
Creditors amounts falling due within one year	6	(107,766)		(246,146)
Net current assets (liabilities)			425,922		(72,501)
Total assets less current liabilities			475,286		(56,064)
Creditors amounts falling due after one year	7		(391,463)		(7,651)
Net assets			83,823		(63,715)
Capital and reserves
Called up share capital			103,807		97,170
Share premium			725,988		488,008
Profit and loss account			(745,972)		(648,893)
Shareholders' funds			83,823		(63,715)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 July 2026, and are signed on its behalf by:

Simon Henry Monckton Elborne
Director
Registered Company No. 09853551

MONC LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	3
	Plant and machinery	3
	Fixtures and fittings	3
	Office Equipment	3

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		7

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	6,307	40,325	-	8,600	55,232
Additions	31,418	-	5,100	1,220	37,738
At 31 December 25	37,725	40,325	5,100	9,820	92,970
Depreciation and impairment
At 01 January 25	4,875	29,900	-	4,020	38,795
Charge for year	1,111	1,564	255	1,881	4,811
At 31 December 25	5,986	31,464	255	5,901	43,606
Net book value
At 31 December 25	31,739	8,861	4,845	3,919	49,364
At 31 December 24	1,432	10,425	-	4,580	16,437

4.	Stocks

	2025	2024
	£	£
Finished goods	140,413	111,226
Total	140,413	111,226

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,803	-
Other debtors	10,370	6,551
Prepayments and accrued income	37,249	55,604
Total	49,422	62,155

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	31,994	57,507
Bank borrowings and overdrafts	-	91
Taxation and social security	6,837	43,290
Other creditors	68,935	141,629
Accrued liabilities and deferred income	-	3,629
Total	107,766	246,146

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	6,343	7,651
Other creditors	385,120	-
Total	391,463	7,651

8.	Contingent liabilities
	There were no financial guarantees or commitments, either ongoing or entered into during the period.

9.	Directors advances, credits and guarantees
	There were no advances, credits and guarantees granted to the directors during the period.

10.	Off-balance sheet arrangements
	The company had no off-balance sheet arrangements at year-end or at any stage during the period.