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REGISTERED NUMBER: 09267599















Money Talent Management Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Money Talent Management Limited (Registered number: 09267599)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Money Talent Management Limited

Company Information
for the year ended 31 March 2024







Directors: J F Ridley Managing Director
D Malmstrom
C Ridley
L Booth





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 09267599





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Money Talent Management Limited (Registered number: 09267599)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,219 1,043

Current assets
Debtors 5 29,589 151,536
Cash at bank 228,710 145,103
258,299 296,639
Creditors
Amounts falling due within one year 6 173,166 156,636
Net current assets 85,133 140,003
Total assets less current liabilities 86,352 141,046

Creditors
Amounts falling due after more than one
year

7

13,333

23,333
Net assets 73,019 117,713

Capital and reserves
Called up share capital 8 210 180
Retained earnings 9 72,809 117,533
Shareholders' funds 73,019 117,713

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

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

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 29 November 2024 and were signed on its behalf by:





D Malmstrom - Director


Money Talent Management Limited (Registered number: 09267599)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Money Talent Management 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 represents commission receivable for management services net of VAT, it is recognised when commission is earned.

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 - 33% on 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 12 (2023 - 11 ) .

Money Talent Management Limited (Registered number: 09267599)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 April 2023 1,564
Additions 1,437
At 31 March 2024 3,001
Depreciation
At 1 April 2023 521
Charge for year 1,261
At 31 March 2024 1,782
Net book value
At 31 March 2024 1,219
At 31 March 2023 1,043

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 2,173 -
Amounts owed by group undertakings - 96,580
Other debtors 27,416 54,956
29,589 151,536

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 3,884 61,523
Taxation and social security 120,954 80,013
Other creditors 48,328 15,100
173,166 156,636

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 13,333 23,333

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
126 Ordinary £1 126 126
84 Ordinary A £1 84 54
210 180

30 Ordinary A shares of £1 each were allotted and fully paid for cash at par during the year.

Money Talent Management Limited (Registered number: 09267599)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


9. Reserves
Retained
earnings
£

At 1 April 2023 117,533
Deficit for the year (44,724 )
At 31 March 2024 72,809

10. Ultimate controlling party

The ultimate controlling company is Money Group Entertainment Limited, controlled by the directors.