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REGISTERED NUMBER: 03485003 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Moneyweb Limited

Moneyweb Limited (Registered number: 03485003)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Moneyweb Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P A Robinson
Mrs R M Robinson





SECRETARY: P A Robinson





REGISTERED OFFICE: 2 Hallgarth
Pickering
North Yorkshire
YO18 7AW





REGISTERED NUMBER: 03485003 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

Moneyweb Limited (Registered number: 03485003)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 17,124 21,405
Tangible assets 5 198,905 59,642
Investments 6 86,200 46,200
302,229 127,247

CURRENT ASSETS
Debtors 260,672 239,040
Cash at bank and in hand 236,463 159,780
497,135 398,820
CREDITORS
Amounts falling due within one year 273,972 270,910
NET CURRENT ASSETS 223,163 127,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,392

255,157

CREDITORS
Amounts falling due after more than one
year

(198,902

)

(183,798

)

PROVISIONS FOR LIABILITIES (49,726 ) (13,861 )
NET ASSETS 276,764 57,498

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 276,752 57,486
SHAREHOLDERS' FUNDS 276,764 57,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Moneyweb Limited (Registered number: 03485003)

Abridged Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2025 and were signed on its behalf by:





P A Robinson - Director


Moneyweb Limited (Registered number: 03485003)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Moneyweb 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.

The financial statements have been prepared in accordance with applicable United Kingdom Financial Reporting Standards.

Turnover
Turnover comprises the value of commissions earned during the year. Provision is made for the repayment of indemnity commission based upon the level of such commission repaid during the year.

Goodwill
Goodwill is amortised over its estimated useful economic life of 10 years, on a straight line basis.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Moneyweb Limited (Registered number: 03485003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease agreements
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Provisions
Provision for repayments of indemnity commissions and claims are calculated based upon the level of clawback and the amount of work written, and the expected outcome of uninsured claims at current market values.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 122,810
AMORTISATION
At 1 January 2024 101,405
Amortisation for year 4,281
At 31 December 2024 105,686
NET BOOK VALUE

At 31 December 2024 17,124
At 31 December 2023 21,405

Moneyweb Limited (Registered number: 03485003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 117,274
Additions 189,309
Disposals (43,784 )
At 31 December 2024 262,799
DEPRECIATION
At 1 January 2024 57,632
Charge for year 26,056
Eliminated on disposal (19,794 )
At 31 December 2024 63,894
NET BOOK VALUE
At 31 December 2024 198,905
At 31 December 2023 59,642

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 130,000
At 31 December 2024 130,000
DEPRECIATION
Charge for year 14,598
At 31 December 2024 14,598
NET BOOK VALUE
At 31 December 2024 115,402

6. FIXED ASSET INVESTMENTS

In the year to 31st December 2023, Moneyweb Limited purchased 100% of the shares in ABC Financial Planning Limited which are held at the cost value of £86,200.

7. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements 83,516 141,350

Moneyweb Limited (Registered number: 03485003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. RELATED PARTY DISCLOSURES

There was an amount outstanding at the end of the year of £45,287 (2023: £43,942) repayable by the director Mr PA Robinson. Interest at the rate of 2.5% is chargeable by the company on the loan.

There was also an amount outstanding at the year end of £49,922 (2023: £47,550) repayable by the director, Mrs RM Robinson. Interest at the rate of 2.5% is chargeable by the company on the loan.

As at the 31 December 2024, the company was owed £100,000 (2023: £100,000) from its parent company, Moneyweb 123 Ltd.

On the 12th February 2024, the company made a loan to its subsidiary, ABC Financial Planning Limited, for £20,000. This loan remained outstanding at the year end. It is interest free and repayable on demand.