Company Registration No. 8293285 (England and Wales)
CORNWALL MORTGAGES LIMITED
Unaudited accounts
for the year ended 30 November 2023
CORNWALL MORTGAGES LIMITED
Unaudited accounts
Contents
CORNWALL MORTGAGES LIMITED
Company Information
for the year ended 30 November 2023
Company Number
8293285 (England and Wales)
Registered Office
18 DUKE STREET
ST AUSTELL
PL25 5PH
Accountants
SG ACCOUNTANCY
102 TREVERBYN ROAD
CARCLAZE IND ESTATE
ST AUSTELL
CORNWALL
PL25 4EW
CORNWALL MORTGAGES LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
5,052
5,255
Cash at bank and in hand
49,500
109,312
Creditors: amounts falling due within one year
(45,034)
(73,879)
Net current assets
273,804
301,819
Total assets less current liabilities
278,857
307,075
Creditors: amounts falling due after more than one year
(21,959)
(30,364)
Net assets
256,898
276,711
Called up share capital
1
1
Profit and loss account
256,897
276,710
Shareholders' funds
256,898
276,711
For the year ending 30 November 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.
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 March 2024 and were signed on its behalf by
THOMAS CRAPP
Director
Company Registration No. 8293285
CORNWALL MORTGAGES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
CORNWALL MORTGAGES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8293285. The registered office is 18 DUKE STREET, ST AUSTELL, PL25 5PH.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance method
Computer equipment
33% reducing balance method
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
4,891
11,550
16,441
At 30 November 2023
4,891
13,150
18,041
At 1 December 2022
2,514
8,672
11,186
Charge for the year
357
1,446
1,803
At 30 November 2023
2,871
10,118
12,989
At 30 November 2023
2,020
3,032
5,052
At 30 November 2022
2,377
2,878
5,255
CORNWALL MORTGAGES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
5
Investments
Other investments
Valuation at 1 December 2022
1
Valuation at 30 November 2023
1
Amounts falling due within one year
Accrued income and prepayments
1,037
235
Other debtors
248,301
266,151
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,844
17,103
Loans from directors
39,757
55,261
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).