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REGISTERED NUMBER: 08687762 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MONEYTAP UK LIMITED

MONEYTAP UK LIMITED (REGISTERED NUMBER: 08687762)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONEYTAP UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr R Mehta
Mrs B Mehta





REGISTERED OFFICE: 22 Ansell Road
Tooting
London
SW17 7LS





REGISTERED NUMBER: 08687762 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

MONEYTAP UK LIMITED (REGISTERED NUMBER: 08687762)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130 173
Investment property 5 550,000 550,000
550,130 550,173

CURRENT ASSETS
Debtors 6 305 277
Cash at bank 13,953 20,014
14,258 20,291
CREDITORS
Amounts falling due within one year 7 6,742 9,670
NET CURRENT ASSETS 7,516 10,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

557,646

560,794

CREDITORS
Amounts falling due after more than one
year

8

359,545

362,500
NET ASSETS 198,101 198,294

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 187,376 187,376
Retained earnings 10,625 10,818
SHAREHOLDERS' FUNDS 198,101 198,294

MONEYTAP UK LIMITED (REGISTERED NUMBER: 08687762)

BALANCE SHEET - continued
31 MARCH 2023


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 17 November 2023 and were signed on its behalf by:





Mr R Mehta - Director


MONEYTAP UK LIMITED (REGISTERED NUMBER: 08687762)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Moneytap UK 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 2,310
DEPRECIATION
At 1 April 2022 2,137
Charge for year 43
At 31 March 2023 2,180
NET BOOK VALUE
At 31 March 2023 130
At 31 March 2022 173

MONEYTAP UK LIMITED (REGISTERED NUMBER: 08687762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 550,000
NET BOOK VALUE
At 31 March 2023 550,000
At 31 March 2022 550,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 550,000

Investment property was valued on an open market basis on 31 March 2023 by the Directors' .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 305 277

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 859 1,378
Other creditors 5,883 8,292
6,742 9,670

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 359,545 262,500
Other creditors - 100,000
359,545 362,500

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 187,376