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REGISTERED NUMBER: 08930830 (England and Wales)















Money Group Entertainment Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Money Group Entertainment Limited (Registered number: 08930830)

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 Group Entertainment 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: 08930830 (England and Wales)





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

Money Group Entertainment Limited (Registered number: 08930830)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 202 161

Current assets
Debtors 5 203,875 183,365
Cash at bank 73,893 58,702
277,768 242,067
Creditors
Amounts falling due within one year 6 126,719 73,531
Net current assets 151,049 168,536
Total assets less current liabilities 151,251 168,697

Capital and reserves
Called up share capital 7 1,000 1,000
Retained earnings 8 150,251 167,697
Shareholders' funds 151,251 168,697

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 Group Entertainment Limited (Registered number: 08930830)

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


1. Statutory information

Money Group Entertainment 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.

Preparation of consolidated financial statements
The financial statements contain information about Money Group Entertainment Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents commission receivable for management services net of VAT, it is recognised when commission is earned.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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 2 (2022 - 2 ) .

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 April 2022 161
Additions 41
At 31 March 2023 202
Net book value
At 31 March 2023 202
At 31 March 2022 161

Money Group Entertainment Limited (Registered number: 08930830)

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 - 185
Other debtors 203,875 183,180
203,875 183,365

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,266 -
Amounts owed to group undertakings 96,580 54,468
Taxation and social security 26,373 16,563
Other creditors 2,500 2,500
126,719 73,531

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
500 Ordinary A 1 500 500
500 Ordinary B 1 500 500
1,000 1,000

8. Reserves
Retained
earnings
£

At 1 April 2022 167,697
Deficit for the year (7,446 )
Dividends (10,000 )
At 31 March 2023 150,251

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£ £
J F Ridley and J F Ridley
Balance outstanding at start of year 138,249 128,109
Amounts advanced 9,964 35,140
Amounts repaid (10,000 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 138,213 138,249

Money Group Entertainment Limited (Registered number: 08930830)

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


10. Related party disclosures

Included in other creditors is £96,580 (2022 - £54,468) owed to Money Talent Management Limited, a subsidiary company.