Monarch Property Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02804664 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

MONARCH PROPERTY SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

D G Summerfield

SECRETARIES:

Mrs H E A Summerfield

Mrs H M Adams

REGISTERED OFFICE:

6 Claremont Buildings

Claremont Bank

Shrewsbury

Shropshire

SY1 1RJ

REGISTERED NUMBER:

02804664 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co.

Chartered Accountants

6 Claremont Buildings

Claremont Bank

Shrewsbury

Shropshire

SY1 1RJ

FIXED ASSETS

Tangible assets

2

891,697

891,699

CURRENT ASSETS

Debtors

221,509

136,018

Cash at bank

7,364

8,407

228,873

144,425

CREDITORS

Amounts falling due within one year

149,931

129,422

NET CURRENT ASSETS

78,942

15,003

TOTAL ASSETS LESS CURRENT LIABILITIES

970,639

906,702

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

219,843

219,843

Profit and loss account

750,696

686,759

SHAREHOLDERS' FUNDS

970,639

906,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 December 2014 and were signed by:

D G Summerfield - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net rental income receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date. Deferred taxation has not been provided on the company's revalued land and buildings on the basis

that the company has no intention of selling the properties.

Investment properties

Properties held for investment are periodically valued by the director of the company. Where material changes

to the value of the properties occur a revaluation is provided in the financial statements.

Depreciation has not been provided in respect of the property held for investment purposes. The director

considers that this accounting policy which represents a departure from statutory accounting rules is necessary

for the financial statements to show a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

and 31 March 2014

892,042

DEPRECIATION

At 1 April 2013

343

Charge for year

2

At 31 March 2014

345

NET BOOK VALUE

At 31 March 2014

891,697

At 31 March 2013

891,699

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Monarch Property Services Limited for the year ended 31 March 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Monarch Property Services Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Monarch

Property Services Limited and state those matters that we have agreed to state to the director of Monarch Property

Services Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our

work or for this report.

It is your duty to ensure that Monarch Property Services Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Monarch Property Services Limited. You consider that Monarch Property Services Limited is exempt from the statutory

audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Monarch Property Services

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

D.R.E. & Co.

Chartered Accountants

6 Claremont Buildings

Claremont Bank

Shrewsbury

Shropshire

SY1 1RJ

19 December 2014