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Company No: 12869792 (England and Wales)

MOMENTUM EXS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

MOMENTUM EXS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

MOMENTUM EXS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
MOMENTUM EXS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 723,363 723,363
723,363 723,363
Creditors: amounts falling due within one year 4 ( 94,982) ( 94,982)
Net current liabilities (94,982) (94,982)
Total assets less current liabilities 628,381 628,381
Net assets 628,381 628,381
Capital and reserves
Called-up share capital 5 200 200
Profit and loss account 628,181 628,181
Total shareholders' funds 628,381 628,381

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Momentum EXS Limited (registered number: 12869792) were approved and authorised for issue by the Board of Directors on 21 March 2025. They were signed on its behalf by:

Julian Alexander Farmer
Director
MOMENTUM EXS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
MOMENTUM EXS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Momentum EXS Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-3 College Yard, Worcester, WR1 2LB, United Kingdom. The principal place of business is 22 Tower Road, Peatmoor, Swindon, Wiltshire, SN5 5BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net assets of £628,381. The Company is supported through loans from its subsidiary Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the subsidiary Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 723,363
At 31 December 2024 723,363
Carrying value at 31 December 2024 723,363
Carrying value at 31 December 2023 723,363

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 92,312 92,312
Amounts owed to directors 2,670 2,670
94,982 94,982

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
150 Ordinary A shares of £ 1.00 each 150 150
50 Ordinary B shares of £ 1.00 each 50 50
200 200

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 2,670 2,670

The loan is interest free and repayable on demand. During the year dividends were paid to shareholders totalling £97,661 (2023: £77,479).