ACCOUNTS - Final Accounts preparation

Registered number: 04589358

MOMENTUM EXPERIENCE GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2025

MOMENTUM EXPERIENCE GROUP LIMITED

REGISTERED NUMBER: 04589358

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		605,445		-
Investments	5		200		200
			605,645		200
Current assets
Debtors: amounts falling due within one year	6	-		72,815
		-		72,815
Creditors: amounts falling due within one year	7	(142,329)		(72,815)
Net current (liabilities)/assets			(142,329)		-
Total assets less current liabilities			463,316		200
Creditors: amounts falling due after more than one year			(462,901)		-

Net assets			415		200

Capital and reserves
Called up share capital	200	200
Profit and loss account	215	-
	415	200

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MOMENTUM EXPERIENCE GROUP LIMITED

REGISTERED NUMBER: 04589358

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2025.

A Momen

Director

The notes on pages 3 to 6 form part of these financial statements.

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MOMENTUM EXPERIENCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

1.	General information

Momentum Experience Group Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.
The address of the registered company is the 8th Floor, Becket House, 36 Old Jewry, London, EC2R 8DD.
The principal activity of the company is that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property

20 years straight line for buildings only

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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MOMENTUM EXPERIENCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.9

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.

Employees

The average monthly number of employees, including directors, during the period was 3 (2024 - 3).

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MOMENTUM EXPERIENCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

4.	Tangible fixed assets

		Freehold property
		£
	Cost or valuation
	Transfers intra group	735,500
	At 30 April 2025	735,500
	Depreciation
	Charge for the period on owned assets	3,109
	Transfers intra group	126,946
	At 30 April 2025	130,055
	Net book value
	At 30 April 2025	605,445
	At 30 April 2024	-

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 May 2024	200
	At 30 April 2025	200

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MOMENTUM EXPERIENCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	-	72,815
	-	72,815

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	25,370	-
Amounts owed to group undertakings	1,704	-
Other creditors	115,255	72,815
	142,329	72,815

The loan balance of £25,370 is a mortgage and is secured over the Company's freehold property.

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	462,901	-
	462,901	-

The loan balance of £462,901 is a mortgage and is secured over the Company's freehold property.

9.	Related party transactions
	The company has taken advantage of the exemption to disclose related party transactions with companies that are wholly owned within the group. At the year end the company owed £1,704 (2024: £72,815 owed by) to Momentum Mountain Management.

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