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Bright Money Holdings Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Abacus 46 Ltd
Pegasus Court Second Floor, Suite 1
27 Herschel Street
Slough
SL1 1PA
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 12037238
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 725,000 725,000
725,000 725,000
CURRENT ASSETS
Debtors - 13,968
Cash at bank and in hand 14,447 8,925
14,447 22,893
Creditors: Amounts Falling Due Within One Year (266,160 ) (254,434 )
NET CURRENT ASSETS (LIABILITIES) (251,713 ) (231,541 )
TOTAL ASSETS LESS CURRENT LIABILITIES 473,287 493,459
Creditors: Amounts Falling Due After More Than One Year (450,128 ) (480,532 )
NET ASSETS 23,159 12,927
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 23,059 12,827
SHAREHOLDERS' FUNDS 23,159 12,927
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Darren Meehan
Director
05/02/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Bright Money Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12037238 . The registered office is Coleridge House 5-7 Park Street, Slough, SL1 1PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 725,000
As at 30 November 2023 725,000
Net Book Value
As at 30 November 2023 725,000
As at 1 December 2022 725,000
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3