Jon Green Mortgages Limited 08867994 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is mortgage broker. Digita Accounts Production Advanced 6.30.9574.0 true true 08867994 2023-02-01 2024-01-31 08867994 2024-01-31 08867994 bus:OrdinaryShareClass1 2024-01-31 08867994 core:CurrentFinancialInstruments 2024-01-31 08867994 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 08867994 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 08867994 bus:SmallEntities 2023-02-01 2024-01-31 08867994 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08867994 bus:FullAccounts 2023-02-01 2024-01-31 08867994 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08867994 bus:RegisteredOffice 2023-02-01 2024-01-31 08867994 bus:Director1 2023-02-01 2024-01-31 08867994 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 08867994 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08867994 countries:AllCountries 2023-02-01 2024-01-31 08867994 2022-02-01 2023-01-31 08867994 2023-01-31 08867994 bus:OrdinaryShareClass1 2023-01-31 08867994 core:CurrentFinancialInstruments 2023-01-31 08867994 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 08867994 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08867994

Jon Green Mortgages Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Jon Green Mortgages Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Jon Green Mortgages Limited

Company Information

Director

Mr J Green

Registered office

21 Grangely Close
Calcot
Reading
RG31 7DR

Accountants

Tymar Associates Limited
Chartered Certified Accountants
44 London Street
Reading
Berkshire
RG1 4SQ

 

Jon Green Mortgages Limited

(Registration number: 08867994)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Debtors

22,969

15,976

Cash at bank and in hand

 

30,020

62,168

 

52,989

78,144

Creditors: Amounts falling due within one year

(31,398)

(27,392)

Total assets less current liabilities

 

21,591

50,752

Creditors: Amounts falling due after more than one year

(18,990)

(26,908)

Net assets

 

2,601

23,844

Capital and reserves

 

Called up share capital

3

4

4

Retained earnings

2,597

23,840

Shareholders' funds

 

2,601

23,844

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 6 March 2024
 

.........................................
Mr J Green
Director

 

Jon Green Mortgages Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Jon Green Mortgages Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Share capital

Allotted, called up and fully paid shares

 

Jon Green Mortgages Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4