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REGISTERED NUMBER: 06824282 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Demoney Management Limited

Demoney Management Limited (Registered number: 06824282)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Demoney Management Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr E L Bedford
Mrs C Bedford





REGISTERED OFFICE: 30 Hillwood Grove
Hutton
Brentwood
Essex
CM13 2PD





REGISTERED NUMBER: 06824282 (England and Wales)





ACCOUNTANTS: DansonOsborne Accountants Ltd
Chartered Certified Accountants
Aishling House
6a Hayes Road
Deanshanger
Milton Keynes
Buckinghamshire
MK19 6HW

Demoney Management Limited (Registered number: 06824282)

Abridged Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,171 18,488
Investments 5 1 1
28,172 18,489

CURRENT ASSETS
Debtors 9,421 12,946
Cash at bank 122,841 107,308
132,262 120,254
CREDITORS
Amounts falling due within one year 2,793 8,615
NET CURRENT ASSETS 129,469 111,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,641

130,128

CAPITAL AND RESERVES
Called up share capital 6 1,003 1,003
Retained earnings 156,638 129,125
SHAREHOLDERS' FUNDS 157,641 130,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Demoney Management Limited (Registered number: 06824282)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 October 2024 and were signed on its behalf by:





Mr E L Bedford - Director


Demoney Management Limited (Registered number: 06824282)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Demoney Management 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 (2023 - 2 ) .

Demoney Management Limited (Registered number: 06824282)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 34,809
Additions 28,614
Disposals (23,138 )
At 29 February 2024 40,285
DEPRECIATION
At 1 March 2023 16,321
Charge for year 7,084
Eliminated on disposal (11,291 )
At 29 February 2024 12,114
NET BOOK VALUE
At 29 February 2024 28,171
At 28 February 2023 18,488

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1,000 Ordinary shares 1.00 1,000 1,000
1 Ordinary A 1.00 1 1
1 Ordinary B 1.00 1 1
1,002 1,002

1 Ordinary C share with a nominal value of £1.00 has been issued and fully paid.