Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr A S Robinson 25/04/2017 02 November 2023 The principal activity of the Company during the financial year was that of a mortgage adviser. 10740669 2023-04-30 10740669 bus:Director1 2023-04-30 10740669 2022-04-30 10740669 core:CurrentFinancialInstruments 2023-04-30 10740669 core:CurrentFinancialInstruments 2022-04-30 10740669 core:Non-currentFinancialInstruments 2023-04-30 10740669 core:Non-currentFinancialInstruments 2022-04-30 10740669 core:ShareCapital 2023-04-30 10740669 core:ShareCapital 2022-04-30 10740669 core:RetainedEarningsAccumulatedLosses 2023-04-30 10740669 core:RetainedEarningsAccumulatedLosses 2022-04-30 10740669 core:OfficeEquipment 2022-04-30 10740669 core:ComputerEquipment 2022-04-30 10740669 core:OfficeEquipment 2023-04-30 10740669 core:ComputerEquipment 2023-04-30 10740669 bus:OrdinaryShareClass1 2023-04-30 10740669 2022-05-01 2023-04-30 10740669 bus:FullAccounts 2022-05-01 2023-04-30 10740669 bus:SmallEntities 2022-05-01 2023-04-30 10740669 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10740669 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10740669 bus:Director1 2022-05-01 2023-04-30 10740669 core:OfficeEquipment core:TopRangeValue 2022-05-01 2023-04-30 10740669 core:ComputerEquipment core:TopRangeValue 2022-05-01 2023-04-30 10740669 2021-05-01 2022-04-30 10740669 core:OfficeEquipment 2022-05-01 2023-04-30 10740669 core:ComputerEquipment 2022-05-01 2023-04-30 10740669 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 10740669 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 10740669 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10740669 (England and Wales)

A R MORTGAGES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

A R MORTGAGES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

A R MORTGAGES LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
A R MORTGAGES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTOR Mr A S Robinson
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 10740669 (England and Wales)
ACCOUNTANT Francis Clark LLP
Chartered Accountants
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
A R MORTGAGES LIMITED

BALANCE SHEET

As at 30 April 2023
A R MORTGAGES LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 637 1,815
637 1,815
Current assets
Debtors 4 30,030 30,679
Cash at bank and in hand 811 6,407
30,841 37,086
Creditors: amounts falling due within one year 5 ( 19,228) ( 16,779)
Net current assets 11,613 20,307
Total assets less current liabilities 12,250 22,122
Creditors: amounts falling due after more than one year 6 ( 8,256) ( 11,919)
Net assets 3,994 10,203
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 3,993 10,202
Total shareholder's funds 3,994 10,203

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of A R Mortgages Limited (registered number: 10740669) were approved and authorised for issue by the Director on 02 November 2023. They were signed on its behalf by:

Mr A S Robinson
Director
A R MORTGAGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
A R MORTGAGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A R Mortgages Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when the value of services provided to date can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 May 2022 2,647 2,548 5,195
At 30 April 2023 2,647 2,548 5,195
Accumulated depreciation
At 01 May 2022 1,357 2,023 3,380
Charge for the financial year 653 525 1,178
At 30 April 2023 2,010 2,548 4,558
Net book value
At 30 April 2023 637 0 637
At 30 April 2022 1,290 525 1,815

4. Debtors

2023 2022
£ £
Other debtors 30,030 30,679

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 3,662 3,572
Taxation and social security 12,776 11,450
Other creditors 2,790 1,757
19,228 16,779

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 8,256 11,919

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Advances to director, interest has been charged at HMRCs official rate 29,277 29,942