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Company Registration No. 09201125 (England and Wales)
MORAKON FINANCE LIMITED Unaudited accounts for the year ended 30 September 2024
MORAKON FINANCE LIMITED Unaudited accounts Contents
Page
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MORAKON FINANCE LIMITED Company Information for the year ended 30 September 2024
Director
Akpome Omorhirhi
Company Number
09201125 (England and Wales)
Registered Office
4 WINTON CLOSE LONDON N9 8ER
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MORAKON FINANCE LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
48,292 
43,295 
Cash at bank and in hand
150 
91 
48,442 
43,386 
Net current assets
48,442 
43,386 
Total assets less current liabilities
48,442 
43,386 
Creditors: amounts falling due after more than one year
(37,005)
(38,670)
Net assets
11,437 
4,716 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
11,436 
4,715 
Shareholders' funds
11,437 
4,716 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 January 2025 and were signed on its behalf by
Akpome Omorhirhi Director Company Registration No. 09201125
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MORAKON FINANCE LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
MORAKON FINANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09201125. The registered office is 4 WINTON CLOSE, LONDON, N9 8ER.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,292 
43,295 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
37,005 
38,670 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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