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Registered number: 12433224
Monks & Kaye Property Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2026
Elementary Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12433224
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,805 3,452
Investment Properties 5 135,000 112,500
136,805 115,952
CURRENT ASSETS
Cash at bank and in hand 1,177 1,172
1,177 1,172
Creditors: Amounts Falling Due Within One Year 6 (63,056 ) (66,284 )
NET CURRENT ASSETS (LIABILITIES) (61,879 ) (65,112 )
TOTAL ASSETS LESS CURRENT LIABILITIES 74,926 50,840
Creditors: Amounts Falling Due After More Than One Year 7 (26,611 ) (32,445 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (10,468 ) (5,177 )
NET ASSETS 37,847 13,218
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 43,188 21,773
Profit and Loss Account (5,441 ) (8,655 )
SHAREHOLDERS' FUNDS 37,847 13,218
Page 1
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For the year ending 31 January 2026 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
Miss Caroline Monks
Director
22/10/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Monks & Kaye Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12433224 . The registered office is 15 Queen Square , Leeds, LS2 8AJ.
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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Rendering of services
Rental income turnover is recognised on an accruals basis by reference to the rental agreement.  
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. 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:
Fixtures & Fittings 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.  Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 February 2025 6,591
As at 31 January 2026 6,591
Depreciation
As at 1 February 2025 3,139
Provided during the period 1,647
As at 31 January 2026 4,786
Net Book Value
As at 31 January 2026 1,805
As at 1 February 2025 3,452
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
The finance is secured on the asset to which the liability relates.
2026 2025
£ £
Fixtures & Fittings 410 789
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5. Investment Property
2026
£
Fair Value
As at 1 February 2025 112,500
Revaluations 22,500
As at 31 January 2026 135,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2026 2025
£ £
Cost 81,456 81,456
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts 6,757 6,598
Other loans 219 750
Other creditors 8,640 7,268
Accruals and deferred income 10,028 11,256
Directors' loan accounts 37,412 40,412
63,056 66,284
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 26,611 32,225
Other loans - 220
26,611 32,445
8. Deferred Taxation
Tax losses of £218 (2025: £11,778) are available to carry forward to future periods but have not been provided for on the basis that there is no certainty of future profits to relieve against. 
The provision for deferred tax is made up as follows:
2026 2025
£ £
Other timing differences 10,468 5,177
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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Page 6
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 February 2025 21,773 (8,655 )
Profit for the year and total comprehensive income - 24,629
Transfer from revaluation reserve - (21,415)
Transfer to/from Profit & Loss Account 21,415 -
As at 31 January 2026 43,188 (5,441 )
11. Related Party Transactions
An amount of £1,685.28 (2025: £1,264) was due to an other related party which was interest free and had no set repayment terms. 
An amount of £37,412 (2025: £40,412) was owed to those who control this company which was interest free and had no set repayment terms. 
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