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REGISTERED NUMBER: 09267599 (England and Wales)















Money Talent Management Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Money Talent Management Limited (Registered number: 09267599)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Money Talent Management Limited

Company Information
for the year ended 31 March 2023







Directors: J F Ridley
D Malmstrom





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 09267599 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Money Talent Management Limited (Registered number: 09267599)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,043 -

Current assets
Debtors 5 151,536 123,947
Cash at bank 145,103 128,275
296,639 252,222
Creditors
Amounts falling due within one year 6 156,636 156,859
Net current assets 140,003 95,363
Total assets less current liabilities 141,046 95,363

Creditors
Amounts falling due after more than one
year

7

23,333

33,333
Net assets 117,713 62,030

Capital and reserves
Called up share capital 8 180 100
Retained earnings 9 117,533 61,930
Shareholders' funds 117,713 62,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 10 November 2023 and were signed on its behalf by:





D Malmstrom - Director


Money Talent Management Limited (Registered number: 09267599)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Money Talent 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 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 commission receivable for management services net of VAT, it is recognised when commission is earned.

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 - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 and directors

The average number of employees during the year was 11 (2022 - 10 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
Additions 1,564
At 31 March 2023 1,564
Depreciation
At 1 April 2022
and 31 March 2023 521
Net book value
At 31 March 2023 1,043
At 31 March 2022 (521 )

Money Talent Management Limited (Registered number: 09267599)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 28,154
Amounts owed by group undertakings 96,580 54,468
Other debtors 54,956 41,325
151,536 123,947

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank overdrafts - 16,396
Trade creditors 61,523 28,364
Taxation and social security 80,013 91,599
Other creditors 15,100 20,500
156,636 156,859

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 23,333 33,333

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
126 Ordinary £1 126 100
54 Ordinary A £1 54 -
180 100

9. Reserves
Retained
earnings
£

At 1 April 2022 61,930
Profit for the year 55,603
At 31 March 2023 117,533

10. Related party disclosures

Included in debtors is £96,580 (2022 - £54,468) owed by Money Group Entertainment Limited.

11. Ultimate controlling party

The ultimate controlling company is Money Group Entertainment Limited, controlled by the directors.