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Registered number: 05640994
DMM Advisory Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Hanberry and Co
Chartered Certified Accountants
20 Peterborough Road
Harrow
Middlesex
HA1 2BQ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05640994
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,219 5,227
Investments 5 46,524 25,191
51,743 30,418
CURRENT ASSETS
Debtors 6 12,154 34,674
Cash at bank and in hand 47,275 85,774
59,429 120,448
Creditors: Amounts Falling Due Within One Year 7 (19,208 ) (68,535 )
NET CURRENT ASSETS (LIABILITIES) 40,221 51,913
TOTAL ASSETS LESS CURRENT LIABILITIES 91,964 82,331
NET ASSETS 91,964 82,331
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 91,963 82,330
SHAREHOLDERS' FUNDS 91,964 82,331
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Krisztina Kalman-Schueler
Director
01/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DMM Advisory Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05640994 . The registered office is 11 Hillcroft Crescent, London, W5 2SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 13,297 15,875 29,172
Additions - 1,731 1,731
As at 30 November 2023 13,297 17,606 30,903
Depreciation
As at 1 December 2022 10,440 13,505 23,945
Provided during the period 714 1,025 1,739
As at 30 November 2023 11,154 14,530 25,684
Net Book Value
As at 30 November 2023 2,143 3,076 5,219
As at 1 December 2022 2,857 2,370 5,227
5. Investments
Listed
£
Cost
As at 1 December 2022 25,191
Additions 21,333
As at 30 November 2023 46,524
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 46,524
As at 1 December 2022 25,191
6. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 11,371 11,371
VAT 783 693
Director's loan account - 22,610
12,154 34,674
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 10,883 8,344
Other taxes and social security 283 -
Other creditors - 43,841
Accruals and deferred income 4,200 16,350
Director's loan account 3,842 -
19,208 68,535
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mrs Krisztina Kalman-Schueler 22,610 - 22,610 - -
The above loan is unsecured, interest free and repayable on demand.
10. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Conjubilant Ltd . Conjubilant Ltd was incorporated in England. The controlling party is Krisztina Kalman-Schueler who controls 100% of the shares of Conjubilant Ltd.
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