REGISTERED NUMBER: 09351692 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MOMENTUM TRADING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Abdelatif Lachab

REGISTERED OFFICE:

207 Regent Street 3rd Floor

London

W1B 3HH

REGISTERED NUMBER:

09351692 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,410

2,032

CURRENT ASSETS

Stocks

631,436

631,436

Debtors

5

7,770

39,268

Investments

6

1,784,007

1,821,296

Cash at bank

14

29

2,423,227

2,492,029

CREDITORS

Amounts falling due within one year

7

105,134

113,510

NET CURRENT ASSETS

2,318,093

2,378,519

TOTAL ASSETS LESS CURRENT LIABILITIES

2,319,503

2,380,551

PENSION LIABILITY

(771,000

)

(948,000

)

NET ASSETS

1,548,503

1,432,551

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,548,502

1,432,550

1,548,503

1,432,551

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 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.

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 9 December 2025 and were signed by:

Abdelatif Lachab - Director

1.	STATUTORY INFORMATION

Momentum Trading 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.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

5,397

DEPRECIATION

At 1 January 2024

3,365

Charge for year

622

At 31 December 2024

3,987

NET BOOK VALUE

At 31 December 2024

1,410

At 31 December 2023

2,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

7,770

39,268

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Investments

1,784,007

1,821,296

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

13,012

23,522

Other creditors

92,122

89,988

105,134

113,510

8.	EMPLOYER PENSION OBLIGATIONS

The Company has agreed to fund a defined benefit pension scheme in respect of key employees. The most recent actuarial valuation of the obligations of £771,000 (2023 - £948,000) was on 31/12/2024. During the year the expense incurred was £42,000 (2023 - £41,000).

The principal assumptions used are:

- Discount rate – 5.6%

- Inflation RPI – 3.3%

- Inflation CPI – 2.5%

- Pre and Post Retirement mortality – S3PMA tables with improvements in the CMI 2023 model and a

long term rate of improvement of 1%

2024

2023

Present value of defined benefit obligations

£771,000

£948,000

Fair value of scheme assets

£0

£0

Liability recognised in the balance sheet

£771,000

£948,000

Movements in the present value of the defined benefit obligations were as follows:

2024

At the beginning of the year

£948,000

Interest cost

£42,000

Actuarial gains

£(219,000)

At the end of the year

£771,000