One Money Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07746276 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

FOR

ONE MONEY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Nethercott

D L Kirby

REGISTERED OFFICE:

Thistledown Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

REGISTERED NUMBER:

07746276 (England and Wales)

ACCOUNTANTS:

Elsby & Co

Thistledown Barn

Holcot Lane

Sywell

Northampton

Northamptonshire

NN6 0BG

CURRENT ASSETS

Debtors

5

12,649

3,853

Cash at bank

13,238

838

25,887

4,691

CREDITORS

Amounts falling due within one year

6

13,806

4,260

NET CURRENT ASSETS

12,081

431

TOTAL ASSETS LESS CURRENT LIABILITIES

12,081

431

CREDITORS

Amounts falling due after more than one year

7

11,609

-

NET ASSETS

472

431

CAPITAL AND RESERVES

Called up share capital

8

225

225

Share premium

12,375

12,375

Retained earnings

(12,128

)

(12,169

)

SHAREHOLDERS' FUNDS

472

431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2021 and were signed on its behalf by:

S G Nethercott - Director

1.	STATUTORY INFORMATION

One Money Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net commissions receivable from mortgage providers. Commissions are recognised on the date of unconditional completion of a transaction.

Tangible fixed assets

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

Office equipment

-

20% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 September 2019

and 31 August 2020

240

DEPRECIATION

At 1 September 2019

and 31 August 2020

240

NET BOOK VALUE

At 31 August 2020

-

At 31 August 2019

-

Tangible Asset had depreciated over its useful life in 2017

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

12,649

3,853

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

574

-

Trade creditors

-

1,670

Taxation and social security

7,300

27

Other creditors

5,932

2,563

13,806

4,260

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

11,609

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal value

2020

2019

£

£

75

A

£1

75

75

25

B

£1

25

25

125

C

£1

125

125

225

225