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REGISTERED NUMBER: 11557871 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Independent Mortgage Experts Limited

Independent Mortgage Experts Limited (Registered number: 11557871)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Independent Mortgage Experts Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mrs Esther Margaret Barnes



REGISTERED OFFICE: c/o Staves Estate Agents
861 Chesterfield Road
Sheffield
South Yorkshire
S8 0SQ



BUSINESS ADDRESS: 2 Anglo Close
Sheffield
South Yorkshire
S17 3SE



REGISTERED NUMBER: 11557871 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: National Westminster Bank Plc
69 Bridge Street
Worksop
Nottinghamshire
S80 1DJ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Independent Mortgage Experts 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report 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 Independent Mortgage Experts Limited for the year ended 30 September 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, 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 Independent Mortgage Experts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Independent Mortgage Experts Limited and state those matters that we have agreed to state to the director of Independent Mortgage Experts 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 Independent Mortgage Experts Limited and its director for our work or for this report.

It is your duty to ensure that Independent Mortgage Experts 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 Independent Mortgage Experts Limited. You consider that Independent Mortgage Experts 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 Independent Mortgage Experts 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.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


17 January 2024

Independent Mortgage Experts Limited (Registered number: 11557871)

Balance Sheet
30 September 2023

30/9/23 30/9/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,500 6,600
Tangible assets 5 - 81
5,500 6,681

CURRENT ASSETS
Debtors 6 1,360 680
Cash at bank 5,711 2,041
7,071 2,721
CREDITORS
Amounts falling due within one year 7 (11,194 ) (10,622 )
NET CURRENT LIABILITIES (4,123 ) (7,901 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,377 (1,220 )

PROVISIONS FOR LIABILITIES - (15 )
NET ASSETS/(LIABILITIES) 1,377 (1,235 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 377 (2,235 )
1,377 (1,235 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Independent Mortgage Experts Limited (Registered number: 11557871)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2024 and were signed by:





Mrs Esther Margaret Barnes - Director


Independent Mortgage Experts Limited (Registered number: 11557871)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Independent Mortgage Experts 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

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 balance sheet date.


Independent Mortgage Experts Limited (Registered number: 11557871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Going concern
The directors have consider it appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 11,000
AMORTISATION
At 1 October 2022 4,400
Charge for year 1,100
At 30 September 2023 5,500
NET BOOK VALUE
At 30 September 2023 5,500
At 30 September 2022 6,600

Independent Mortgage Experts Limited (Registered number: 11557871)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 1,333
DEPRECIATION
At 1 October 2022 1,252
Charge for year 81
At 30 September 2023 1,333
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 81

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 1,360 680

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Bank loans and overdrafts 6 -
Taxation and social security 7,571 8,513
Other creditors 3,617 2,109
11,194 10,622