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REGISTERED NUMBER: 12617290 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Moonstar Ventures Ltd

Moonstar Ventures Ltd (Registered number: 12617290)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moonstar Ventures Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Copos





REGISTERED OFFICE: 18a Fitzjohns Avenue
London
NW3 5NA





REGISTERED NUMBER: 12617290 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

Moonstar Ventures Ltd (Registered number: 12617290)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 258,283 164,673
Tangible assets 5 6,148 7,014
264,431 171,687

CURRENT ASSETS
Debtors 6 63,146 56,220
Cash at bank 21,851 82,403
84,997 138,623
CREDITORS
Amounts falling due within one year 7 34,278 36,308
NET CURRENT ASSETS 50,719 102,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,150

274,002

CREDITORS
Amounts falling due after more than one
year

8

385,933

286,794
NET LIABILITIES (70,783 ) (12,792 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (70,883 ) (12,892 )
(70,783 ) (12,792 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Moonstar Ventures Ltd (Registered number: 12617290)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 16 April 2024 and were signed by:





A Copos - Director


Moonstar Ventures Ltd (Registered number: 12617290)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Moonstar Ventures Ltd 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.

Going concern
The company incurred a loss before tax of £101,000 (2022 : £50,511) and continues to be reliant on grant funding and loans. The director is confident that the company will be able to meet its liabilities as they fall due, for a period of at least 12 months from the date of approval of these financial statements. The financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows:

Computer software - 3 year useful life
Development costs - 3 year useful life

Tangible fixed assets
Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixture & Fittings - 5 year useful life

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.

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 - 3 ) .

Moonstar Ventures Ltd (Registered number: 12617290)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 233,694
Additions 201,386
At 31 December 2023 435,080
AMORTISATION
At 1 January 2023 69,021
Charge for year 107,776
At 31 December 2023 176,797
NET BOOK VALUE
At 31 December 2023 258,283
At 31 December 2022 164,673

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 11,668
Additions 3,228
At 31 December 2023 14,896
DEPRECIATION
At 1 January 2023 4,654
Charge for year 4,094
At 31 December 2023 8,748
NET BOOK VALUE
At 31 December 2023 6,148
At 31 December 2022 7,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 13,092 1,219
Other debtors 6,446 122
Corporation tax receivable 43,009 53,534
VAT - 1,236
Prepayments 599 109
63,146 56,220

Moonstar Ventures Ltd (Registered number: 12617290)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 26,264 28,487
Social security and other taxes 5,710 2,519
Pensions payable 375 364
VAT 579 -
Other creditors - 3,438
Accrued expenses 1,350 1,500
34,278 36,308

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other loans - 1-2 years 385,933 286,794

9. RELATED PARTY DISCLOSURES

There is a directors' loan balance of £105,353 (2022 : £105,027) owed to the director. No interest is charged on this balance.