REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1ST JUNE 2018 TO 31ST AUGUST 2019 |
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MONEYPLUS ENERGY LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1ST JUNE 2018 TO 31ST AUGUST 2019 |
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FOR |
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MONEYPLUS ENERGY LIMITED |
MONEYPLUS ENERGY LIMITED (REGISTERED NUMBER: 10769313) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1st June 2018 to 31st August 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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MONEYPLUS ENERGY LIMITED |
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COMPANY INFORMATION |
for the Period 1st June 2018 to 31st August 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 City Road East |
Manchester |
M15 4PN |
MONEYPLUS ENERGY LIMITED (REGISTERED NUMBER: 10769313) |
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BALANCE SHEET |
31st August 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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MONEYPLUS ENERGY LIMITED (REGISTERED NUMBER: 10769313) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1st June 2018 to 31st August 2019 |
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1. | STATUTORY INFORMATION |
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MoneyPlus Energy Limited is a private company limited by share capital, incorporated in England & Wales |
registration number 10769313. The address of the principal place of business and the registered office is |
Riverside, New Bailey Street, Manchester, M3 5FS. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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. |
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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. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 period end and that are expected to apply to the |
reversal of the timing difference. |
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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. |
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Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the |
effective interest method, less impairment losses for bad and doubtful debts except where the effect of |
discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for |
bad and doubtful debts. |
MONEYPLUS ENERGY LIMITED (REGISTERED NUMBER: 10769313) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1st June 2018 to 31st August 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Cash and cash equivalents |
Cash and cash equivalents comprise cash at bank. |
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Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the |
effective interest method. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Computer |
software |
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COST |
Additions |
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At 31st August 2019 |
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NET BOOK VALUE |
At 31st August 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | SECURED DEBTS |
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PNC Financial Services UK Ltd holds a charge, dated 12 June 2019, creating fixed and floating charges over all |
the property or undertaking of the company. This also contains a negative pledge. |
MONEYPLUS ENERGY LIMITED (REGISTERED NUMBER: 10769313) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1st June 2018 to 31st August 2019 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
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9. | ULTIMATE CONTROLLING PARTY |
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The Company is a wholly owned subsidiary of MoneyPlus Intermediary Limited. The ultimate parent |
undertaking and controlling parties are MoneyPlus Holdings Limited and the shareholders of this company, |
which is incorporated in England and Wales. |
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The parent company of the largest and smallest group that includes the Company and for which group |
financial statements are prepared in MoneyPlus Holdings Limited. Copies of MoneyPlus Holdings Limited's |
financial statements can be obtained from the registered office at Riverside, New Bailey Street, Manchester, |
M3 5FS. |