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Moneta Consultancy Holdings Limited

Registration number : 12374732



















Annual Report and Unaudited Financial Statements

for the year ended 31 August 2023

 

Moneta Consultancy Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Moneta Consultancy Holdings Limited

Company Information

Directors

Mr Stephen John Cummings

Mrs Tracy Ann Cummings

Registered office

97 Templecombe Drive
Bolton
Greater Manchester
BL1 7TA

Accountants

McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

 

Moneta Consultancy Holdings Limited

(Registration number: 12374732)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

101

101

Current assets

 

Debtors

5

248,954

249,357

Creditors: Amounts falling due within one year

6

(461)

(432)

Net current assets

 

248,493

248,925

Net assets

 

248,594

249,026

Capital and reserves

 

Called up share capital

102

102

Profit and loss account

248,492

248,924

Total equity

 

248,594

249,026

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 February 2024 and signed on its behalf by:
 

.........................................
Mr Stephen John Cummings
Director

.........................................
Mrs Tracy Ann Cummings
Director

 
     
 

Moneta Consultancy Holdings Limited

Notes to the Unaudited Financial Statements for the year ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
97 Templecombe Drive
Bolton
Greater Manchester
BL1 7TA

These financial statements were authorised for issue by the Board on 22 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Moneta Consultancy Holdings Limited

Notes to the Unaudited Financial Statements for the year ended 31 August 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

101

101

Subsidiaries

£

Cost or valuation

At 1 September 2022

101

Provision

Carrying amount

At 31 August 2023

101

At 31 August 2022

101

 

Moneta Consultancy Holdings Limited

Notes to the Unaudited Financial Statements for the year ended 31 August 2023

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

7

248,852

249,255

Other debtors

 

102

102

 

248,954

249,357

 

Moneta Consultancy Holdings Limited

Notes to the Unaudited Financial Statements for the year ended 31 August 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

461

-

Accruals and deferred income

 

-

432

 

461

432

7

Related party transactions

Summary of transactions with other related parties

Moneta Consultancy Ltd, Moneta Properties Ltd and Moneta Consultancy Holdings Ltd are part of a group.
 During the period loans were made between members of the group.
 All loans were unsecured, interest free and payable on demand.
 

Loans to related parties

2023

Other related parties
£

Total
£

At start of period

248,852

248,852

At end of period

248,852

248,852

2022

Other related parties
£

Total
£

At start of period

248,852

248,852

At end of period

248,852

248,852

Terms of loans to related parties

All loans are interest free, unsecured and payable on demand.

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

(403)

(403)

At end of period

(403)

(403)

 

Moneta Consultancy Holdings Limited

Notes to the Unaudited Financial Statements for the year ended 31 August 2023

2022

Other related parties
£

Total
£

At start of period

325

325

Advanced

1,272

1,272

Repaid

(2,000)

(2,000)

At end of period

(403)

(403)

Terms of loans from related parties

All loans are interest free, unsecured and payable on demand.