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REGISTERED NUMBER: 06347003 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2022

for

INSIGHT MORTGAGE SOLUTIONS LIMITED

INSIGHT MORTGAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 06347003)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSIGHT MORTGAGE SOLUTIONS LIMITED

Company Information
for the Year Ended 31 December 2022







DIRECTOR: D T Scott





SECRETARY: Swanarrow Limited





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 06347003 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

INSIGHT MORTGAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 06347003)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,149 9,084
Investments 5 - 100
18,149 9,184

CURRENT ASSETS
Debtors 6 184,765 115,531
Cash at bank and in hand 789 20,007
185,554 135,538
CREDITORS
Amounts falling due within one year 7 172,919 104,752
NET CURRENT ASSETS 12,635 30,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,784

39,970

CREDITORS
Amounts falling due after more than one
year

8

(25,000

)

(34,167

)

PROVISIONS FOR LIABILITIES (3,421 ) (1,407 )
NET ASSETS 2,363 4,396

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 2,063 4,096
SHAREHOLDERS' FUNDS 2,363 4,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

INSIGHT MORTGAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 06347003)

Balance Sheet - continued
31 December 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





D T Scott - Director


INSIGHT MORTGAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 06347003)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Insight Mortgage Solutions 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.

Preparation of consolidated financial statements
The financial statements contain information about Insight Mortgage Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Turnover
Turnover represents commissions receivable.

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 - 15% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

INSIGHT MORTGAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 06347003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022 16,258 15,951 32,209
Additions 1,380 11,750 13,130
At 31 December 2022 17,638 27,701 45,339
DEPRECIATION
At 1 January 2022 10,092 13,033 23,125
Charge for year 1,132 2,933 4,065
At 31 December 2022 11,224 15,966 27,190
NET BOOK VALUE
At 31 December 2022 6,414 11,735 18,149
At 31 December 2021 6,166 2,918 9,084

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022 100
Disposals (100 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 22,180 24,911
Amounts owed by group undertakings - 452
Other debtors 162,585 90,168
184,765 115,531

All debtors were due within one year and have therefore not been discounted.

INSIGHT MORTGAGE SOLUTIONS LIMITED (REGISTERED NUMBER: 06347003)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 30,691 25,582
Trade creditors 883 2,121
Taxation and social security 137,745 71,151
Other creditors 3,600 5,898
172,919 104,752

All creditors were due within one year and have therefore not been discounted.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 25,000 34,167

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
D T Scott
Balance outstanding at start of year 89,519 89,519
Amounts advanced 32,697 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 122,216 89,519

The director paid interest £2,096 (£1,846 - 2021) at 2.% to the company in respect of his overdrawn directors loan account.