Momentum Developments Ltd - Accounts to registrar (filleted) - small 18.2

Momentum Developments Ltd - Accounts to registrar (filleted) - small 18.2

MOMENTUM DEVELOPMENTS LTD - Company Information

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REGISTERED NUMBER: 11564187 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Momentum Developments Ltd
Momentum Developments Ltd (Registered number: 11564187)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Momentum Developments Ltd (Registered number: 11564187)

Statement of Financial Position
30 September 2021

30.9.21 30.9.20
Notes £    £   
CURRENT ASSETS
Debtors 4 5,000 -
Cash at bank and in hand 26,630 1,000
31,630 1,000
CREDITORS
Amounts falling due within one year 5 7,279 -
NET CURRENT ASSETS 24,351 1,000
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,351
1,000

CREDITORS
Amounts falling due after more than
one year
6
44,167
-
NET (LIABILITIES)/ASSETS (19,816 ) 1,000

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings (20,816 ) -
SHAREHOLDERS' FUNDS (19,816 ) 1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 notes form part of these financial statements

Page 1 continued...
Momentum Developments Ltd (Registered number: 11564187)

Statement of Financial Position - continued
30 September 2021


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 30 December 2021 and were signed on its behalf by:





Mr Mark Charles Wilkinson - Director


The notes form part of these financial statements

Page 2
Momentum Developments Ltd (Registered number: 11564187)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Momentum Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11564187

Registered office: 17 Hillmont Road
Esher
United Kingdom
Surrey
KT10 9BA

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Going concern
The company has net liabilities of £19,816. The accounts have been prepared on going concern basis as the Directors have confirmed that they will continue to provide financial support to the company for the foreseeable future

Page 3 continued...
Momentum Developments Ltd (Registered number: 11564187)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Other debtors 5,000 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Bank loans and overdrafts 5,833 -
Trade creditors 30 -
Other creditors 1,416 -
7,279 -

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.21 30.9.20
£    £   
Bank loans 44,167 -

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.21 30.9.20
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RELATED PARTY DISCLOSURES

The company was owed £5,000 as at accounting year end date from Westbank Ltd, a company registered in United Kingdom (Company registered number:10769302). Mr Mark Charles Wilkinson and Ms Emma-Louise Knights are also directors and shareholders of this company holding 50% each in this company.

Page 4