2022-09-012023-08-312023-08-31false10915125LGE MORTGAGE SOLUTIONS 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LGE MORTGAGE SOLUTIONS LTD

Registered Number
10915125
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

LGE MORTGAGE SOLUTIONS LTD
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

HURST, Dean Barry
HURST, Joanna Wynne

Registered Address

Unit C Anchor House School Lane
Chandler's Ford
Eastleigh
SO53 4DY

Registered Number

10915125 (England and Wales)
LGE MORTGAGE SOLUTIONS LTD
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets52,3051,503
2,3051,503
Current assets
Debtors5,3385,561
Cash at bank and on hand18,97014,725
24,30820,286
Creditors amounts falling due within one year8(25,611)(20,787)
Net current assets (liabilities)(1,303)(501)
Total assets less current liabilities1,0021,002
Net assets1,0021,002
Capital and reserves
Called up share capital1,0021,002
Shareholders' funds1,0021,002
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2023, and are signed on its behalf by:
HURST, Dean Barry
Director
Registered Company No. 10915125
LGE MORTGAGE SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Revenue recognition policy
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year32
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 September 223,150
Additions1,210
At 31 August 234,360
Depreciation and impairment
At 01 September 221,648
Charge for year407
At 31 August 232,055
Net book value
At 31 August 232,305
At 31 August 221,503
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
HURST, Dean Barry38,501112,08763,90586,683
HURST, Dean Barry(32,940)2,86751,272(81,345)
5,561114,954115,1775,338
7.Debtors within one year

2023

2022

££
Amounts owed by associates and joint ventures / participating interests5,3385,561
Total5,3385,561
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Taxation and social security23,89119,552
Accrued liabilities and deferred income1,7201,235
Total25,61120,787
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.