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REGISTERED NUMBER: 11090366 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

House of Mortgages Ltd

House of Mortgages Ltd (Registered number: 11090366)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


House of Mortgages Ltd (Registered number: 11090366)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,293 13,591

CURRENT ASSETS
Debtors 5 6,869 11,789
Cash at bank 49,366 109,676
56,235 121,465
CREDITORS
Amounts falling due within one year 6 25,917 56,469
NET CURRENT ASSETS 30,318 64,996
TOTAL ASSETS LESS CURRENT LIABILITIES 87,611 78,587

CREDITORS
Amounts falling due after more than one year 7 (8,667 ) (36,158 )

PROVISIONS FOR LIABILITIES (30,323 ) (18,582 )
NET ASSETS 48,621 23,847

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48,620 23,846
SHAREHOLDERS' FUNDS 48,621 23,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

House of Mortgages Ltd (Registered number: 11090366)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





Ms J S Clayton - Director


House of Mortgages Ltd (Registered number: 11090366)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

House of Mortgages Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11090366

Registered office: Suite 5A, Kern House
Brooms Road
Stone Business Park
Stone
Staffordshire
ST15 0TL

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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.


House of Mortgages Ltd (Registered number: 11090366)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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 and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 - 19,711 19,711
Additions 57,090 3,439 60,529
At 31 March 2023 57,090 23,150 80,240
DEPRECIATION
At 1 April 2022 - 6,120 6,120
Charge for year 14,273 2,554 16,827
At 31 March 2023 14,273 8,674 22,947
NET BOOK VALUE
At 31 March 2023 42,817 14,476 57,293
At 31 March 2022 - 13,591 13,591

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,795 6,443
Other debtors 5,074 5,346
6,869 11,789

House of Mortgages Ltd (Registered number: 11090366)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 1,629 1,590
Taxation and social security 11,175 24,784
Other creditors 9,113 26,095
25,917 56,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 8,667 12,667
Other creditors - 23,491
8,667 36,158

8. OTHER FINANCIAL COMMITMENTS

Amounts owed under rent commitments as at 31/3/23 £49,680.