| Momentum Partners Financial Services Limited |
| Registered number: |
07510905 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
11,250 |
|
|
15,000 |
|
| Current assets |
| Debtors |
|
|
26,000 |
|
|
26,000 |
|
| Creditors: amounts falling due within one year |
|
|
(6,981) |
|
|
(16,255) |
|
| Net current assets |
|
|
|
19,019 |
|
|
9,745 |
|
| Total assets less current liabilities |
|
|
|
30,269 |
|
|
24,745 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(20,667) |
|
|
(17,941) |
|
|
|
| Net assets |
|
|
|
9,602 |
|
|
6,804 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
9,592 |
|
|
6,794 |
|
| Shareholders' funds |
|
|
|
9,602 |
|
|
6,804 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Ms F E J Karlin |
| Director |
| Approved by the board on 27 November 2016 |
|
| Momentum Partners Financial Services Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
In line with Financial Reporting Standard 5, Reporting the Substance of Transactions, Application Note G, Revenue Recognition, income has been recognised when the company obtains the right to consideration in exchange for its performance |
|
|
Goodwill |
|
Goodwill, being the amount paid in connection with the acquisition of the business in 2011, is being amortised evenly over its estimated useful life of eight years |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
30,000 |
|
At 31 March 2016 |
30,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
15,000 |
|
Provided during the year |
3,750 |
|
At 31 March 2016 |
18,750 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
11,250 |
|
At 31 March 2015 |
15,000 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
1p each |
|
1,000 |
|
10 |
|
10 |
|
|
|
|
|
|
|
|
|
