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Unaudited Financial Statements

for the Period 1 May 2020 to 31 July 2021

for

PETER LEWIS ASSOCIATES (MORTGAGES)
LIMITED

PETER LEWIS ASSOCIATES (MORTGAGES)
LIMITED (Registered number: 04463942)






Contents of the Financial Statements
for the Period 1 May 2020 to 31 July 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETER LEWIS ASSOCIATES (MORTGAGES)
LIMITED

Company Information
for the Period 1 May 2020 to 31 July 2021







DIRECTORS: P J Lewis
D Lewis





SECRETARY: D Lewis





REGISTERED OFFICE: Thistledown
Wendlebury
Bicester
OX25 2PE





REGISTERED NUMBER: 04463942 (England and Wales)





ACCOUNTANTS: Abacus Business Consulting Limited
Thistledown
Wendlebury
Bicester
OX25 2PE

PETER LEWIS ASSOCIATES (MORTGAGES)
LIMITED (Registered number: 04463942)

Balance Sheet
31 July 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,200 1,400
1,200 1,400

CURRENT ASSETS
Debtors 6 467 11,771
Cash at bank - 818
467 12,589
CREDITORS
Amounts falling due within one year 7 1,398 9,229
NET CURRENT (LIABILITIES)/ASSETS (931 ) 3,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

269

4,760

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings (931 ) 3,560
SHAREHOLDERS' FUNDS 269 4,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2022 and were signed on its behalf by:



P J Lewis - Director


PETER LEWIS ASSOCIATES (MORTGAGES)
LIMITED (Registered number: 04463942)

Notes to the Financial Statements
for the Period 1 May 2020 to 31 July 2021

1. STATUTORY INFORMATION

PETER LEWIS ASSOCIATES (MORTGAGES) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of eight years.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

PETER LEWIS ASSOCIATES (MORTGAGES)
LIMITED (Registered number: 04463942)

Notes to the Financial Statements - continued
for the Period 1 May 2020 to 31 July 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2020 40,000
Disposals (40,000 )
At 31 July 2021 -
AMORTISATION
At 1 May 2020 40,000
Eliminated on disposal (40,000 )
At 31 July 2021 -
NET BOOK VALUE
At 31 July 2021 -
At 30 April 2020 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2020
and 31 July 2021 11,148 4,727 15,875
DEPRECIATION
At 1 May 2020 10,448 4,027 14,475
Charge for period 100 100 200
At 31 July 2021 10,548 4,127 14,675
NET BOOK VALUE
At 31 July 2021 600 600 1,200
At 30 April 2020 700 700 1,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 1,771
Other debtors 467 10,000
467 11,771

PETER LEWIS ASSOCIATES (MORTGAGES)
LIMITED (Registered number: 04463942)

Notes to the Financial Statements - continued
for the Period 1 May 2020 to 31 July 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 56 -
Other creditors 1,342 9,229
1,398 9,229