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REGISTERED NUMBER: 09504891 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

E P Mortgage Services Limited

E P Mortgage Services Limited (Registered number: 09504891)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

E P Mortgage Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C Ringrose





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 09504891 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

E P Mortgage Services Limited (Registered number: 09504891)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 305 569

CURRENT ASSETS
Debtors 5 3,963 2,198
Cash at bank 10,958 9,288
14,921 11,486
CREDITORS
Amounts falling due within one year 6 11,365 8,813
NET CURRENT ASSETS 3,556 2,673
TOTAL ASSETS LESS CURRENT LIABILITIES 3,861 3,242

PROVISIONS FOR LIABILITIES 7 71 122
NET ASSETS 3,790 3,120

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,690 3,020
SHAREHOLDERS' FUNDS 3,790 3,120

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 his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





C Ringrose - Director


E P Mortgage Services Limited (Registered number: 09504891)

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

1. STATUTORY INFORMATION

E P Mortgage Services Limited 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.

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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from mortgage advisory services is recognised at the stage of completion of the mortgage case.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Computer equipment - Straight line over 3 years.
Fixtures & fittings - Straight line over 5 years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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 1 (2022 - 1 ) .

E P Mortgage Services Limited (Registered number: 09504891)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 239 1,136 1,375
DEPRECIATION
At 1 April 2022 20 786 806
Charge for year 48 216 264
At 31 March 2023 68 1,002 1,070
NET BOOK VALUE
At 31 March 2023 171 134 305
At 31 March 2022 219 350 569

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Directors' current accounts 3,963 2,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 775 203
Tax 9,439 7,510
Accrued expenses 1,151 1,100
11,365 8,813

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 71 122

Deferred
tax
£   
Balance at 1 April 2022 122
Accelerated capital allowances (51 )
Balance at 31 March 2023 71

The net reversal of expected deferred tax liabilities expected to occur in the next 12 months is £34.

At the balance sheet date the company had a £71 deferred tax liability (2022 - £122) relating to accelerated capital allowances.

Factors that may affect future tax charges
An increase in the future main corporation tax rate to 25% from 1st April 2023, from the previously enacted 19% was announced in the budget on 3rd March 2021, and substantively enacted on 24th May 2021. The deferred tax balance at the year end has been calculated based on the rate at which the provision is expected to unwind.

E P Mortgage Services Limited (Registered number: 09504891)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1.00 100 100

9. RELATED PARTY DISCLOSURES

The amount outstanding at the year end from Mr C Ringrose was £3,963 (2022 - £2,198).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
E P Mortgage Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of E P Mortgage Services Limited for the year ended 31 March 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of E P Mortgage Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E P Mortgage Services Limited and state those matters that we have agreed to state to the director of E P Mortgage Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E P Mortgage Services Limited and its director for our work or for this report.

It is your duty to ensure that E P Mortgage Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E P Mortgage Services Limited. You consider that E P Mortgage Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of E P Mortgage Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


27 November 2023