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REGISTERED NUMBER: 07288755 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

London Money (Financial Services) Ltd

London Money (Financial Services) Ltd (Registered number: 07288755)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


London Money (Financial Services) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr M N Stewart





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 07288755 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

London Money (Financial Services) Ltd (Registered number: 07288755)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 771 1,237
771 1,237

CURRENT ASSETS
Debtors 6 52,541 35,228
Cash at bank 822,987 798,640
875,528 833,868
CREDITORS
Amounts falling due within one year 7 44,808 47,816
NET CURRENT ASSETS 830,720 786,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

831,491

787,289

PROVISIONS FOR LIABILITIES 147 137
NET ASSETS 831,344 787,152

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 831,343 787,151
SHAREHOLDERS' FUNDS 831,344 787,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

London Money (Financial Services) Ltd (Registered number: 07288755)

Balance Sheet - continued
30 June 2024


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 17 March 2025 and were signed by:





Mr M N Stewart - Director


London Money (Financial Services) Ltd (Registered number: 07288755)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

London Money (Financial Services) Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on 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.

3. EMPLOYEES AND DIRECTORS

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

London Money (Financial Services) Ltd (Registered number: 07288755)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 4,000
AMORTISATION
At 1 July 2023
and 30 June 2024 4,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 2,086
Additions 319
At 30 June 2024 2,405
DEPRECIATION
At 1 July 2023 849
Charge for year 785
At 30 June 2024 1,634
NET BOOK VALUE
At 30 June 2024 771
At 30 June 2023 1,237

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 52,541 35,228

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors (1 ) -
Taxation and social security 43,388 46,701
Other creditors 1,421 1,115
44,808 47,816

London Money (Financial Services) Ltd (Registered number: 07288755)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr M N Stewart
Balance outstanding at start of year 9,583 1,772
Amounts advanced 51,832 9,583
Amounts repaid (9,583 ) (1,772 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,832 9,583

Interest has been charged on the above loans at 2.5%.