ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

MONEK GROUP LIMITED - Company Information

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Registered number: 11091040














          Monek Group Limited


          Unaudited

          Financial statements

          For the Year Ended 31 December 2020














         img4686.png 
 
Monek Group Limited
 
 
Company Information


Director
M Carroll 




Company secretary
S Rana



Registered number
11091040



Registered office
Innovation House
Davidson Road

Lichfield

Staffordshire

WS14 9DZ




Accountants
Dains LLP

15 Colmore Row

Birmingham

B3 2BH




 
Monek Group Limited
 

Contents



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4

 
Monek Group Limited
Registered number:11091040

Balance Sheet
As at 31 December 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 4 
17,262
17,262

Current assets
  

Debtors: amounts falling due within one year
 5 
7,738
7,738

  

Net assets
  
25,000
25,000


Capital and reserves
  

Called up share capital 
 6 
24,975
24,975

Capital redemption reserve
  
25
25

  
25,000
25,000


For the year ended 31 December 2020 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 September 2021.




___________________________
M Carroll
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1
 
Monek Group Limited
 
 

Notes to the Financial Statements
For the Year Ended 31 December 2020

1.


General information

Monek Group Limited is a private company limited by shares, incorporated in England and Wales under the Companies Act. The address of the registered office is given in the company information page. The nature of the company's operations and its principal activity is that of a holding company.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Employees

The average monthly number of employees, excluding directors, during the year was 0 (2019 - 0).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2020
17,262



At 31 December 2020
17,262




Page 2
 
Monek Group Limited
 
 

Notes to the Financial Statements
For the Year Ended 31 December 2020

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Monek Limited
Innovation House, Davidson Road, Lichfield, England, WS14 9DZ
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2020 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit

Monek Limited

1,537,510
180,568


5.


Debtors

2020
2019
£
£


Amounts owed by group undertakings
7,700
7,700

Called up share capital not paid
38
38

7,738
7,738


Page 3
 
Monek Group Limited
 
 

Notes to the Financial Statements
For the Year Ended 31 December 2020

6.


Share capital

2020
2019
£
£
Allotted, called up and fully paid



2,275,000 (2019 - 2,275,000) A Ordinary shares of £0.01 each
22,750
22,750
222,500 (2019 - 222,500) B Ordinary shares of £0.01 each
2,225
2,225

24,975

24,975


All shares rank pari passeu.



7.


Controlling party

There is no ultimate controlling party.

Page 4