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REGISTERED NUMBER: 12578766 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

M&M FINTECH LIMITED

M&M FINTECH LIMITED (REGISTERED NUMBER: 12578766)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M&M FINTECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A C Dedeoglu





SECRETARY: Ms H N Senturk





REGISTERED OFFICE: 110 Bishopsgate
London
EC2N 4AY





REGISTERED NUMBER: 12578766 (England and Wales)





AUDITORS: AKS Advisers Limited, Statutory Auditor
Fourth & Fifth Floors
14-15 Lower Grosvenor Place
London
SW1W 0EX

M&M FINTECH LIMITED (REGISTERED NUMBER: 12578766)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,818 13,900
Investments 5 1 1
18,819 13,901

CURRENT ASSETS
Debtors 6 231,813 255,210
Cash at bank 214,418 202,564
446,231 457,774
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

87,765

202,694
NET CURRENT ASSETS 358,466 255,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,285

268,981

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 377,185 268,881
SHAREHOLDERS' FUNDS 377,285 268,981

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 director and authorised for issue on 31 January 2025 and were signed by:





A C Dedeoglu - Director


M&M FINTECH LIMITED (REGISTERED NUMBER: 12578766)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

M&M Fintech Limited is a private company, limited by shares , registered in England and Wales. 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.

Level of rounding
The figures presented in the financial statements are rounded to the nearest pound.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdraft.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.

M&M FINTECH LIMITED (REGISTERED NUMBER: 12578766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 company has ongoing contracts with its customers which promises reasonable increased revenue for the company. The company continues to be confident about the outlook for the business and is well positioned to deliver sustainable growth over the medium to long term.

The company has adequate cash resources. In addition, the company has reported net current assets for the year in the amount of £358,466 (2023: £255,080) therefore, the directors believe that the company is in a strong position to achieve success in the forthcoming years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 18,533
Additions 12,281
At 30 April 2024 30,814
DEPRECIATION
At 1 May 2023 4,633
Charge for year 7,363
At 30 April 2024 11,996
NET BOOK VALUE
At 30 April 2024 18,818
At 30 April 2023 13,900

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

M&M FINTECH LIMITED (REGISTERED NUMBER: 12578766)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

M&M FINTECH LIMITED
Registered office: Digital Hub, 9 Pearse Street, Kinsale, Cork, P17 AH66, Ireland
Nature of business: Information technology consultancy activities
%
Class of shares: holding
Ordinary 100.00
30.6.23 30.6.22
£    £   
Aggregate capital and reserves (30,861 ) 1

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 132,412 17,271
Other debtors 99,401 236,462
231,813 253,733

Amounts falling due after more than one year:
Other debtors - 1,477

Aggregate amounts 231,813 255,210

Included in Amount Owed by Group Undertaking is balance owed by M&M Fintech Limited, a company incorporated in Ireland.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 30,499 113,690
Taxation and social security 2,768 1,417
Other creditors 54,498 87,587
87,765 202,694

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashish Kirtikumar Shah (Senior Statutory Auditor)
for and on behalf of AKS Advisers Limited, Statutory Auditor

9. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party of the company.