Company registration number 10703667 (England and Wales)
Your Home Mortgages Limited
Unaudited
Financial Statements
for the year ended 31 March 2022
PAGES FOR FILING WITH REGISTRAR
Your Home Mortgages Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Your Home Mortgages Limited
Statement of financial position
as at 31 March 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Cash at bank and in hand
103,137
80,790
Creditors: amounts falling due within one year
3
(60,810)
(44,232)
Net current assets
42,327
36,558
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
42,326
36,557
Total equity
42,327
36,558

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 7 September 2022
N Fraser
Director
Company Registration No. 10703667
Your Home Mortgages Limited
Notes to the financial statements
for the year ended 31 March 2022
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised on the completion of the mortgage.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
1
1
3
Creditors: amounts falling due within one year
2022
2021
£
£
Taxation and social security
10,971
13,814
Other creditors
49,839
30,418
60,810
44,232
4
Related party transactions

The company was under the control of N Fraser throughout the previous and current year.

 

Your Home Mortgages Limited
Notes to the financial statements (continued)
for the year ended 31 March 2022
- 3 -
5
Company information

Your Home Mortgages Limited is a private company limited by shares incorporated in England and Wales. The registered office is Metic House, Ripley Drive, Normanton, West Yorkshire, United Kingdom, WF6 1QT.

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