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REGISTERED NUMBER: 07277738 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

RTA MORTGAGE & FINANCIAL SERVICES LTD

RTA MORTGAGE & FINANCIAL SERVICES LTD (REGISTERED NUMBER: 07277738)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


RTA MORTGAGE & FINANCIAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: J Richardson
S L Thorn





REGISTERED OFFICE: 52a High Street
Ware
Hertfordshire
SG12 9BZ





REGISTERED NUMBER: 07277738 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

RTA MORTGAGE & FINANCIAL SERVICES LTD (REGISTERED NUMBER: 07277738)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

The directors present their report with the financial statements of the company for the year ended 30th September 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Financial Services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st October 2022 to the date of this report.

J Richardson
S L Thorn

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Richardson - Director


31st October 2023

RTA MORTGAGE & FINANCIAL SERVICES LTD (REGISTERED NUMBER: 07277738)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,500 37,500
Tangible assets 5 3,581 3,518
16,081 41,018

CURRENT ASSETS
Debtors 6 182,403 185,137
Cash at bank 334,001 394,315
516,404 579,452
CREDITORS
Amounts falling due within one year 7 130,680 127,920
NET CURRENT ASSETS 385,724 451,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

401,805

492,550

CREDITORS
Amounts falling due after more than one
year

8

24,946

34,480
NET ASSETS 376,859 458,070

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 376,779 457,990
SHAREHOLDERS' FUNDS 376,859 458,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 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.

RTA MORTGAGE & FINANCIAL SERVICES LTD (REGISTERED NUMBER: 07277738)

BALANCE SHEET - continued
30TH SEPTEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2023 and were signed on its behalf by:




J Richardson - Director



S L Thorn - Director


RTA MORTGAGE & FINANCIAL SERVICES LTD (REGISTERED NUMBER: 07277738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

RTA Mortgage & Financial Services 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

Accounting convention
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date and therefore the financial statements for the year ended 30th September 2023 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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

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.

Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

RTA MORTGAGE & FINANCIAL SERVICES LTD (REGISTERED NUMBER: 07277738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2022
and 30th September 2023 250,000
AMORTISATION
At 1st October 2022 212,500
Charge for year 25,000
At 30th September 2023 237,500
NET BOOK VALUE
At 30th September 2023 12,500
At 30th September 2022 37,500

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st October 2022 10,236
Additions 1,117
At 30th September 2023 11,353
DEPRECIATION
At 1st October 2022 6,718
Charge for year 1,054
At 30th September 2023 7,772
NET BOOK VALUE
At 30th September 2023 3,581
At 30th September 2022 3,518

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 174,000 174,000
Prepayments 8,403 11,137
182,403 185,137

RTA MORTGAGE & FINANCIAL SERVICES LTD (REGISTERED NUMBER: 07277738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,887 10,000
Trade creditors - 2,391
Tax 43,733 54,003
Social security and other taxes 718 95
Other creditors 1,190 844
Directors' current accounts 59,252 49,487
Accrued expenses 15,900 11,100
130,680 127,920

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,140 10,000
Bank loans - 2-5 years 14,806 24,480
24,946 34,480

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £9,600 (2022: £9,600).