2023-09-01 2024-08-31 false Capium Accounts Production 1.1 10834258 2023-09-01 2024-08-31 10834258 bus:FullAccounts 2023-09-01 2024-08-31 10834258 bus:FRS102 2023-09-01 2024-08-31 10834258 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10834258 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10834258 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10834258 2023-09-01 2024-08-31 10834258 2024-08-31 10834258 bus:RegisteredOffice 2023-09-01 2024-08-31 10834258 core:WithinOneYear 2024-08-31 10834258 core:AfterOneYear 2024-08-31 10834258 1 2023-09-01 2024-08-31 10834258 bus:Director1 2023-09-01 2024-08-31 10834258 bus:Director1 2024-08-31 10834258 bus:Director1 2022-09-01 2023-08-31 10834258 2022-09-01 10834258 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 10834258 2022-09-01 2023-08-31 10834258 2023-08-31 10834258 core:WithinOneYear 2023-08-31 10834258 core:AfterOneYear 2023-08-31 10834258 bus:EntityAccountantsOrAuditors 2022-09-01 2023-08-31 10834258 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10834258 bus:OrdinaryShareClass1 2024-08-31 10834258 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 10834258 bus:OrdinaryShareClass1 2023-08-31 10834258 core:PlantMachinery 2023-09-01 2024-08-31 10834258 core:PlantMachinery 2024-08-31 10834258 core:PlantMachinery 2023-08-31 10834258 core:ComputerEquipment 2023-09-01 2024-08-31 10834258 core:ComputerEquipment 2024-08-31 10834258 core:ComputerEquipment 2023-08-31 10834258 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-08-31 10834258 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 10834258 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 10834258 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 10834258 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-08-31 10834258 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 10834258 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 10834258 core:Non-currentFinancialInstruments 2024-08-31 10834258 core:Non-currentFinancialInstruments 2023-08-31 10834258 core:ShareCapital 2024-08-31 10834258 core:ShareCapital 2023-08-31 10834258 core:RetainedEarningsAccumulatedLosses 2024-08-31 10834258 core:RetainedEarningsAccumulatedLosses 2023-08-31 10834258 dpl:Item1 2023-09-01 10834258 dpl:Item1 2024-08-31 10834258 dpl:Item1 2022-09-01 10834258 dpl:Item1 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10834258
England and Wales

 

 

 

MOMENTUM PROPERTY SOLUTIONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,157    1,910 
1,157    1,910 
Current assets      
Debtors 4 5,512    30,845 
Cash at bank and in hand 90,689    67,142 
96,201    97,987 
Creditors: amount falling due within one year 5 (73,937)   (60,044)
Net current assets 22,264    37,943 
 
Total assets less current liabilities 23,421    39,853 
Creditors: amount falling due after more than one year 6 (15,833)   (19,167)
Net assets 7,588    20,686 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 7,488    20,586 
Shareholders' funds 7,588    20,686 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 12 February 2025 and were signed by:


-------------------------------
C Bliss
Director
1
General Information
Momentum Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10834258, registration address 2nd Floor, 56 Hamilton Square, Birkenhead, Merseyside, CH41 5AS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation for the year comprises current tax and 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 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.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Computer Equipment 33% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 September 2023 4,842    4,407    9,249 
Additions    
Disposals    
At 31 August 2024 4,842    4,407    9,249 
Depreciation
At 01 September 2023 3,249    4,090    7,339 
Charge for year 561    192    753 
On disposals    
At 31 August 2024 3,810    4,282    8,092 
Net book values
Closing balance as at 31 August 2024 1,032    125    1,157 
Opening balance as at 01 September 2023 1,593    317    1,910 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 3,544    5,118 
Prepayments & Accrued Income 1,964    2,080 
Other Debtors 4    23,647 
5,512    30,845 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   195 
Bank Loans & Overdrafts 3,333    3,333 
Corporation Tax 13,446    14,620 
Accrued Expenses 1,992    2,246 
Directors' Current Accounts 47,064    34,384 
VAT 8,102    5,266 
73,937    60,044 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 15,833    19,167 
15,833    19,167 
Bank Loans & Overdrafts comprise of a Bounce Back Loan.

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2