Monarch Square Management Limited - Accounts to registrar (filleted) - small 18.2
Monarch Square Management Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2020 |
| for |
| MONARCH SQUARE MANAGEMENT LIMITED |
| MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972) |
| Contents of the Financial Statements |
| for the year ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| MONARCH SQUARE MANAGEMENT LIMITED |
| Company Information |
| for the year ended 31 March 2020 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Coopers House |
| 65a Wingletye Lane |
| Hornchurch |
| Essex |
| RM11 3AT |
| MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972) |
| Statement of Financial Position |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities | 8 |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Revaluation reserve |
| Retained earnings |
| Shareholders' funds |
| The director acknowledges her 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director and authorised for issue on signed by: |
| MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972) |
| Notes to the Financial Statements |
| for the year ended 31 March 2020 |
| 1. | Statutory information |
| Monarch Square Management Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents property rentals received. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| 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 Profit and Loss Account, |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2020 |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1 April 2019 |
| and 31 March 2020 |
| Depreciation |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| Net book value |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 April 2019 |
| Additions |
| At 31 March 2020 |
| Net book value |
| At 31 March 2020 |
| At 31 March 2019 |
| Fair value at 31 March 2020 is represented by: |
| £ |
| Valuation in 2018 | 280,000 |
| Cost | 2,695,405 |
| 2,975,405 |
| 6. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2020 |
| 7. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Provisions for liabilities |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | 56,799 | 58,598 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2019 |
| Credit to Profit and Loss Account during year | ( |
) |
| Balance at 31 March 2020 |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| Ordinary A | £1 | 3,172,000 | 3,172,000 |
| 3,172,002 | 3,172,002 |
| 10. | Ultimate controlling party |
| The controlling party is Mrs M Korbasova. |
| The ultimate controlling party is |