The Money Mentor Limited - Period Ending 2019-05-31

The Money Mentor Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2019

Registration number: 09063965

The Money Mentor Limited

Contents

Statement of financial position	1
Notes to the Financial Statements	2 to 3

The Money Mentor Limited

(Registration number: 09063965)
Statement of financial position as at 31 May 2019

	Note	2019 £	2018 £
Current assets
Debtors	3	-	48
Cash at bank and in hand		53	35
		53	83
Creditors: Amounts falling due within one year	4	(101,080)	(82,542)
Net liabilities		(101,027)	(82,459)
Capital and reserves
Called up share capital	5	215	215
Share premium reserve		44,986	44,986
Profit and loss account		(146,228)	(127,660)
Total equity		(101,027)	(82,459)

For the financial year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.

Approved and authorised by the Board on 18 November 2019 and signed on its behalf by:
 

......................................... Mr C P Masters Director

The notes on pages 2 to 3 form an integral part of these financial statements.
 

Page 1

The Money Mentor Limited

Notes to the Financial Statements for the Year Ended 31 May 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 18 November 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Page 2

The Money Mentor Limited

Notes to the Financial Statements for the Year Ended 31 May 2019

3

Debtors

	2019 £	2018 £
Other debtors	-	48
	-	48

4

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Other creditors	101,080	82,542

5	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary shares of £0.05 each	4,290	214.50	4,290	214.50

Page 3