Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09879408 Mr Mihai Ivascu true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09879408 2022-12-31 09879408 2023-12-31 09879408 2023-01-01 2023-12-31 09879408 frs-core:ShareCapital 2023-12-31 09879408 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09879408 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09879408 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09879408 frs-bus:SmallEntities 2023-01-01 2023-12-31 09879408 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09879408 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09879408 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09879408 frs-bus:OrdinaryShareClass1 2023-12-31 09879408 1 2023-01-01 2023-12-31 09879408 frs-bus:Director1 2023-01-01 2023-12-31 09879408 frs-countries:EnglandWales 2023-01-01 2023-12-31 09879408 2021-12-31 09879408 2022-12-31 09879408 2022-01-01 2022-12-31 09879408 frs-core:CurrentFinancialInstruments 2022-12-31 09879408 frs-core:ShareCapital 2022-12-31 09879408 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09879408 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 09879408
Moneymailme Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Director Mr Mihai Ivascu
Company Number 09879408
Registered Office Wework 145 City Road
Hoxton
London
EC1V 1AZ
Accountants More Group (Accounting) Limited
65 Compton Street
London
EC1V 0BN
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Page 2
Balance Sheet
Registered number: 09879408
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 - 4,875
Cash at bank and in hand - (40,405 )
- (35,530 )
Creditors: Amounts Falling Due Within One Year 5 - (1,471,900 )
NET CURRENT ASSETS (LIABILITIES) - (1,507,430 )
TOTAL ASSETS LESS CURRENT LIABILITIES - (1,507,430 )
NET LIABILITIES - (1,507,430 )
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account (10 ) (1,507,440 )
SHAREHOLDERS' FUNDS - (1,507,430)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Mihai Ivascu
Director
21/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Moneymailme Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09879408 . The registered office is Wework 145 City Road, Hoxton, London, EC1V 1AZ.
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. Going Concern Disclosure
The company's director has decided to close their business in the year 2023 with cessation date 31 December 2023.
2.3.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Debtors
2023 2022
£ £
Due within one year
Other debtors - 10
VAT - 4,865
- 4,875
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 147,316
Other creditors - 1,282,072
Director's loan account - 42,512
- 1,471,900
6. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 0.010 each 10 10
7. Related Party Transactions
As of the balance sheet date, the company owed £0.00 (2022: £21,029.49) to Modex Gibraltar Ltd, which is a company under common director control incorporated in Spain is located at 57/63 Line Wall Road GX11 1AA Gibraltar towards the interest-free working capital loan.
The above-mentioned loan was waived.
8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is M3 Holdings Ltd. M3 Holdings Ltd was incorporated in United Kingdom is located at c/o Wework, 145 City Road, Hoxton, London, United Kingdom, EC1V 1AZ. The ultimate controlling party is M3 Holdings Ltd who controls 100% of the shares of Cresco Compliance Limited.
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