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REGISTERED NUMBER: OC311180 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MOMENTUM CORPORATE FINANCE LLP

MOMENTUM CORPORATE FINANCE LLP (REGISTERED NUMBER: OC311180)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5

Chartered Accountants' Report 7

MOMENTUM CORPORATE FINANCE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: R T D Crews
A J Boorman
Mrs K P J Boorman
Mrs C L Crews





REGISTERED OFFICE: First Floor Templeback
10 Temple Back
Bristol
BS1 6FL





REGISTERED NUMBER: OC311180 (England and Wales)





ACCOUNTANTS: PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL

MOMENTUM CORPORATE FINANCE LLP (REGISTERED NUMBER: OC311180)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,247 7,577

CURRENT ASSETS
Debtors 5 28,234 107,660
Cash at bank 912,103 785,905
940,337 893,565
CREDITORS
Amounts falling due within one year 6 366,069 176,099
NET CURRENT ASSETS 574,268 717,466
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

580,515

725,043

MOMENTUM CORPORATE FINANCE LLP (REGISTERED NUMBER: OC311180)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

516,515

661,043

MEMBERS' OTHER INTERESTS
Capital accounts 64,000 64,000
580,515 725,043

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 516,515 661,043
Members' other interests 64,000 64,000
Amounts due from members 5 - (41,552 )
580,515 683,491

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 year 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.

MOMENTUM CORPORATE FINANCE LLP (REGISTERED NUMBER: OC311180)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 25 November 2024 and were signed by:





R T D Crews - Designated member

MOMENTUM CORPORATE FINANCE LLP (REGISTERED NUMBER: OC311180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Momentum Corporate Finance 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.
Office equipment - 33.3% on cost

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 5 ) .

MOMENTUM CORPORATE FINANCE LLP (REGISTERED NUMBER: OC311180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023 23,092
Additions 5,162
Disposals (3,669 )
At 31 March 2024 24,585
DEPRECIATION
At 1 April 2023 15,515
Charge for year 6,492
Eliminated on disposal (3,669 )
At 31 March 2024 18,338
NET BOOK VALUE
At 31 March 2024 6,247
At 31 March 2023 7,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 15,505 51,725
Other debtors 12,729 55,935
28,234 107,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 5,621 893
Taxation and social security 99,922 59,588
Other creditors 260,526 115,618
366,069 176,099

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, members other reserves rank after unsecured creditors. Loans and other debts due to members rank pari passu with unsecured creditors in the event of winding up. There is no formal restriction on the ability of the LLP to reduce the amount of members' other interest.

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOMENTUM CORPORATE FINANCE LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Momentum Corporate Finance LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Momentum Corporate Finance LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Momentum Corporate Finance LLP and state those matters that we have agreed to state to the members of Momentum Corporate Finance LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Momentum Corporate Finance LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Momentum Corporate Finance LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Momentum Corporate Finance LLP. You consider that Momentum Corporate Finance LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Momentum Corporate Finance LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL


25 November 2024