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REGISTERED NUMBER: 07120044



Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2024

for

Momentum Options Limited

Momentum Options Limited (Registered number: 07120044)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Momentum Options Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Oluwasijibomi Otenigbagbe
Mrs Ibironke Otenigbagbe





REGISTERED OFFICE: Innovation Centre Medway
Maidstone Road
Chatham
Kent
ME5 9FD





REGISTERED NUMBER: 07120044





ACCOUNTANTS: Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Momentum Options Limited (Registered number: 07120044)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 February 2023 to the date of this report.

The beneficial interests of the directors holding office at 31 January 2024 in the shares of the company, according to the register of directors' interests, were as follows:

31.1.24 1.2.23
Ordinary Shares shares of £1 each
Mr Oluwasijibomi Otenigbagbe 500 500
Mrs Ibironke Otenigbagbe 500 500

These directors did not hold any non-beneficial interests in the shares of the company.

POLITICAL DONATIONS AND EXPENDITURE
During the Year the Company made a Charitable donation to one or two charities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Oluwasijibomi Otenigbagbe - Director


19 October 2024

Momentum Options Limited (Registered number: 07120044)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,791 -

CURRENT ASSETS
Debtors 5 237,249 186,199
Cash at bank 8,157 57,185
245,406 243,384
CREDITORS
Amounts falling due within one year 6 7,546 6,655
NET CURRENT ASSETS 237,860 236,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,651

236,729

CREDITORS
Amounts falling due after more than one year 7 (34,717 ) (41,684 )

ACCRUALS AND DEFERRED INCOME (254,289 ) (250,121 )
NET LIABILITIES (48,355 ) (55,076 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 (49,355 ) (56,076 )
SHAREHOLDERS' FUNDS (48,355 ) (55,076 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Momentum Options Limited (Registered number: 07120044)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 19 October 2024 and were signed on its behalf by:





Mr Oluwasijibomi Otenigbagbe - Director


Momentum Options Limited (Registered number: 07120044)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Momentum Options Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Momentum Options Limited (Registered number: 07120044)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,722
At 31 January 2024 3,722
DEPRECIATION
Charge for year 931
At 31 January 2024 931
NET BOOK VALUE
At 31 January 2024 2,791

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Mobile Channel 84,130 84,130
Optional FT 102,069 102,069
Other Debtors 51,050 -
237,249 186,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors (2 ) -
Accountancy. 2,731 2,726
Corporation Tax payable 4,742 3,854
Other Provisions & Charges 75 75
7,546 6,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bounce Back Loan 34,717 41,684

Momentum Options Limited (Registered number: 07120044)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. RESERVES
Retained
earnings
£   

At 1 February 2023 (56,076 )
Profit for the year 6,721
At 31 January 2024 (49,355 )