Company Registration No. 10362822 (England and Wales)
APR Mortgages Ltd
Unaudited accounts
for the year ended 30 September 2023
APR Mortgages Ltd
Unaudited accounts
Contents
APR Mortgages Ltd
Company Information
for the year ended 30 September 2023
Company Number
10362822 (England and Wales)
Registered Office
69 BRIDGE STREET
NEWPORT
NP20 4AQ
WALES
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
APR Mortgages Ltd
for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of APR Mortgages Ltd for the year ended 30 September 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Member in Practice
30 September 2023
APR Mortgages Ltd
Statement of financial position
as at 30 September 2023
Intangible assets
57,750
61,250
Tangible assets
14,661
23,380
Cash at bank and in hand
78,910
56,375
Creditors: amounts falling due within one year
(27,238)
(5,766)
Net current assets
51,672
50,609
Total assets less current liabilities
124,083
135,239
Creditors: amounts falling due after more than one year
(7,041)
(30,738)
Provisions for liabilities
Net assets
116,584
101,721
Called up share capital
1
1
Profit and loss account
116,583
101,720
Shareholders' funds
116,584
101,721
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2023 and were signed on its behalf by
Andrew Rowe
Director
Company Registration No. 10362822
APR Mortgages Ltd
Notes to the Accounts
for the year ended 30 September 2023
APR Mortgages Ltd is a private company, limited by shares, registered in England and Wales, registration number 10362822. The registered office is 69 BRIDGE STREET, NEWPORT, NP20 4AQ, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
APR Mortgages Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Intangible fixed assets
Total
At 30 September 2023
70,000
At 30 September 2023
12,250
At 30 September 2023
57,750
At 30 September 2022
61,250
5
Tangible fixed assets
Total
At 30 September 2023
43,596
At 30 September 2023
28,935
At 30 September 2023
14,661
At 30 September 2022
23,380
6
Deferred taxation
2023
2022
Accelerated capital allowances
458
2,780
Provision at start of year
2,780
5,101
Credited to the profit and loss account
(2,322)
(2,321)
Provision at end of year
458
2,780
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
APR Mortgages Ltd
Notes to the Accounts
for the year ended 30 September 2023
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).