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REGISTERED NUMBER: OC336251 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Period 1 May 2023 to 31 March 2024

for

Momentum Results LLP

Momentum Results LLP (Registered number: OC336251)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 5


Momentum Results LLP

General Information
for the Period 1 May 2023 to 31 March 2024







DESIGNATED MEMBERS: M Parkes
Mrs A Parkes





REGISTERED OFFICE: 36 Malmes Croft
Hemel Hempstead
Herts





REGISTERED NUMBER: OC336251 (England and Wales)





ACCOUNTANTS: Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE

Momentum Results LLP (Registered number: OC336251)

Report of the Members
for the Period 1 May 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 May 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of

DESIGNATED MEMBERS
The designated members during the period under review were:

M Parkes
Mrs A Parkes

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £28,708 (2023 - £48,491 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





M Parkes - Designated member


21 November 2024

Momentum Results LLP (Registered number: OC336251)

Income Statement
for the Period 1 May 2023 to 31 March 2024

Period Year Ended
1.5.23 to 31.3.24 30.4.23
Notes £    £    £    £   

TURNOVER 57,701 97,167

Cost of sales 4,307 26,246
GROSS PROFIT 53,394 70,921

Distribution costs 128 -
Administrative expenses 24,558 23,658
24,686 23,658
28,708 47,263

Other operating income - 1,228
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


28,708


48,491

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


28,708


48,491

Members' remuneration charged as an
expense

4

(28,708

)

(48,491

)
PROFIT FOR THE FINANCIAL PERIOD
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Momentum Results LLP (Registered number: OC336251)

Statement of Financial Position
31 March 2024

31.3.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 334 -

CURRENT ASSETS
Stocks 6 - (13,430 )
Debtors 7 (1,350 ) 7,924
Cash at bank 83,106 105,974
81,756 100,468
CREDITORS
Amounts falling due within one year 8 5,786 13,511
NET CURRENT ASSETS 75,970 86,957
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

76,304

86,957

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

76,304

86,957

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 76,304 86,957

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 21 November 2024 and were signed by:




M Parkes - Designated member

Momentum Results LLP (Registered number: OC336251)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

Momentum Results LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. INFORMATION IN RELATION TO MEMBERS
Period
1.5.23
to Year Ended
31.3.24 30.4.23
£    £   
Members' remuneration charged as an expense
Automatic division of profit 28,708 48,491

Momentum Results LLP (Registered number: OC336251)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 2,358
Additions 334
At 31 March 2024 2,692
DEPRECIATION
At 1 May 2023
and 31 March 2024 2,358
NET BOOK VALUE
At 31 March 2024 334

6. STOCKS
31.3.24 30.4.23
£    £   
Payments on account - (13,430 )

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Trade debtors 150 7,630
Other debtors (1,500 ) 294
(1,350 ) 7,924

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Trade creditors 5,551 13,511
Taxation and social security 235 -
5,786 13,511

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The Loans and other debts due to members is due in more than one year