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REGISTERED NUMBER: 05017759 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2024

FOR

TMTG PAYMENTS LIMITED

TMTG PAYMENTS LIMITED (REGISTERED NUMBER: 05017759)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TMTG PAYMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 MARCH 2024







DIRECTORS: M Davies
A J Denham





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 05017759 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

TMTG PAYMENTS LIMITED (REGISTERED NUMBER: 05017759)

BALANCE SHEET
28 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 594,186 660,123
Cash at bank - 8,742
594,186 668,865
CREDITORS
Amounts falling due within one year 5 550,832 622,893
NET CURRENT ASSETS 43,354 45,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,354

45,972

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,254 45,872
43,354 45,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




M Davies - Director



A J Denham - Director


TMTG PAYMENTS LIMITED (REGISTERED NUMBER: 05017759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2024

1. STATUTORY INFORMATION

Tmtg Payments 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 594,186 648,619
Other debtors - 5,000
VAT - 6,504
594,186 660,123

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,228 -
Trade creditors 13,110 85,282
Amounts owed to group undertakings 534,699 534,699
Tax - 1,512
VAT 295 -
Accrued expenses 1,500 1,400
550,832 622,893

6. ULTIMATE CONTROLLING PARTY

The controlling party is The Movie Lot Group Limited.

The ultimate controlling party is M Davies & A J Denham.

This was by virtue of their 100% holding of the issued share capital in The Movie Lot Group Limited.