Monarch Square Management Limited - Accounts to registrar (filleted) - small 18.2

Monarch Square Management Limited - Accounts to registrar (filleted) - small 18.2

MONARCH SQUARE MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 10588972 (England and Wales)














Unaudited Financial Statements

for the Period 30 January 2017 to 31 March 2018

for

MONARCH SQUARE MANAGEMENT LIMITED
MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Contents of the Financial Statements
for the period 30 January 2017 to 31 March 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MONARCH SQUARE MANAGEMENT LIMITED

Company Information
for the period 30 January 2017 to 31 March 2018







Director: Mrs M Korbasova





Registered office: Bellevue House
Althorp Road
London
SW17 7ED





Registered number: 10588972 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Coopers House
65a Wingletye Lane
Hornchurch
Essex
RM11 3AT
Page 1
MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Statement of Financial Position
31 March 2018

Notes £    £   
Fixed assets
Tangible assets 3 37,882
Investment property 4 2,922,322
2,960,204

Current assets
Debtors 5 4,000
Cash at bank 46,596
50,596
Creditors
Amounts falling due within one year 6 2,678,989
Net current liabilities (2,628,393 )
Total assets less current liabilities 331,811

Provisions for liabilities 7 60,398
Net assets 271,413

Capital and reserves
Called up share capital 8 1
Revaluation reserve 9 226,800
Retained earnings 44,612
Shareholders' funds 271,413

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 November 2018 and were signed by:





Mrs M Korbasova - Director


The notes form part of these financial statements

Page 2
MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Notes to the Financial Statements
for the period 30 January 2017 to 31 March 2018


1. Statutory information

Monarch Square Management Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents property rentals received.

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 - 20% on cost

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 period 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 period 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.

Page 3
MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Notes to the Financial Statements - continued
for the period 30 January 2017 to 31 March 2018


3. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
Additions 47,353
At 31 March 2018 47,353
Depreciation
Charge for period 9,471
At 31 March 2018 9,471
Net book value
At 31 March 2018 37,882

4. Investment property
Total
£   
Fair value
Additions 2,642,322
Revaluations 280,000
At 31 March 2018 2,922,322
Net book value
At 31 March 2018 2,922,322

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2018 280,000
Cost 2,642,322
2,922,322

5. Debtors: amounts falling due within one year
£   
Other debtors 4,000

6. Creditors: amounts falling due within one year
£   
Trade creditors 26,220
Amounts owed to group undertakings 2,648,502
Taxation and social security 3,267
Other creditors 1,000
2,678,989

7. Provisions for liabilities
£   
Deferred tax 60,398

Page 4
MONARCH SQUARE MANAGEMENT LIMITED (REGISTERED NUMBER: 10588972)

Notes to the Financial Statements - continued
for the period 30 January 2017 to 31 March 2018


7. Provisions for liabilities - continued

Deferred
tax
£   
Provided during period 60,398
Balance at 31 March 2018 60,398

8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary 1 1

1 Ordinary share of 1 was allotted and fully paid for cash at par during the period.

9. Reserves
Revaluation
reserve
£   
Revaluation in year 280,000
Deferred tax on revaluation (53,200 )

At 31 March 2018 226,800

10. Related party disclosures

Included within other creditors due within one year is an amount of £2,648,502, due to the parent company,
Shandon Investments Limited. This loan is interest free and repayable on the disposal of investment properties.

11. Ultimate controlling party

The controlling party is Mrs M Korbasova.

The ultimate controlling party is Shandon Investments Limited.

Page 5