REGISTERED NUMBER: 11615268 (England and Wales)

Members Only HQ Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mr J K Barton

Mr S P Lewis

Registered office:

Briar Cottage

2 School Lane

Seal

Kent

TN15 0BE

Registered number:

11615268 (England and Wales)

Accountants:

Wilson Stevens

Accountants

4th Floor

100 Fenchurch Street

London

EC3M 5JD

Fixed assets

Intangible assets

4

5,222

6,528

Tangible assets

5

288

384

5,510

6,912

Current assets

Debtors

6

36,360

36,272

Cash at bank

-

1,394

36,360

37,666

Creditors

Amounts falling due within one year

7

135,165

127,554

Net current liabilities

(98,805

)

(89,888

)

Total assets less current liabilities

(93,295

)

(82,976

)

Creditors

Amounts falling due after more than one year

8

18,404

22,514

Net liabilities

(111,699

)

(105,490

)

Capital and reserves

Called up share capital

4

4

Retained earnings

(111,703

)

(105,494

)

(111,699

)

(105,490

)

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th August 2025 and were signed on its behalf by:

Mr S P Lewis - Director

1.	Statutory information

Members Only HQ 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.

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors, that they will continue to give financial support to the company for twelve months from the date of signing of these financial statements.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover

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

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Intangible fixed assets

Computer

software

£

Cost

At 1st January 2024

and 31st December 2024

12,750

Amortisation

At 1st January 2024

6,222

Amortisation for year

1,306

At 31st December 2024

7,528

Net book value

At 31st December 2024

5,222

At 31st December 2023

6,528

5.	Tangible fixed assets

Computer

equipment

£

Cost

At 1st January 2024

and 31st December 2024

512

Depreciation

At 1st January 2024

128

Charge for year

96

At 31st December 2024

224

Net book value

At 31st December 2024

288

At 31st December 2023

384

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

540

9,930

Other debtors

35,820

26,342

36,360

36,272

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

4,093

4,000

Trade creditors

16,999

15,294

Taxation and social security

59,367

48,345

Other creditors

54,706

59,915

135,165

127,554

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

18,404

22,514

9.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

Mr S P Lewis

Balance outstanding at start of year

15,024

-

Amounts advanced

9,978

15,024

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,002

15,024