IRIS Accounts Production v23.3.1.45 05003846 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050038462022-12-31050038462023-12-31050038462023-01-012023-12-31050038462021-12-31050038462022-01-012022-12-31050038462022-12-3105003846ns10:Originalns15:EnglandWales2023-01-012023-12-3105003846ns14:PoundSterlingns10:Original2023-01-012023-12-3105003846ns10:Originalns10:Director12023-01-012023-12-3105003846ns10:Original2023-01-012023-12-3105003846ns10:Original2023-12-3105003846ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105003846ns10:Originalns10:SmallEntities2023-01-012023-12-3105003846ns10:Originalns10:AuditExemptWithAccountantsReport2023-01-012023-12-3105003846ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105003846ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3105003846ns10:Originalns10:FullAccounts2023-01-012023-12-3105003846ns10:Originalns10:OrdinaryShareClass12023-01-012023-12-3105003846ns10:CompanySecretary1ns10:Original2023-01-012023-12-3105003846ns10:Originalns10:RegisteredOffice2023-01-012023-12-3105003846ns10:Original2022-12-3105003846ns10:Originalns5:CurrentFinancialInstruments2023-12-3105003846ns10:Originalns5:CurrentFinancialInstruments2022-12-3105003846ns5:ShareCapitalns10:Original2023-12-3105003846ns5:ShareCapitalns10:Original2022-12-3105003846ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3105003846ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3105003846ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3105003846ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3105003846ns10:Originalns5:FurnitureFittings2023-01-012023-12-3105003846ns10:Originalns5:ComputerEquipment2023-01-012023-12-3105003846ns10:Original2022-01-012022-12-3105003846ns10:Originalns5:FurnitureFittings2022-12-3105003846ns10:Originalns5:ComputerEquipment2022-12-3105003846ns10:Original2022-12-3105003846ns10:Originalns5:FurnitureFittings2023-12-3105003846ns10:Originalns5:ComputerEquipment2023-12-3105003846ns10:Originalns5:FurnitureFittings2022-12-3105003846ns10:Originalns5:ComputerEquipment2022-12-3105003846ns10:Originalns5:Non-currentFinancialInstruments2023-12-3105003846ns10:Originalns5:Non-currentFinancialInstruments2022-12-3105003846ns10:Originalns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 05003846 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Central Mortgages (Essex) Ltd

Central Mortgages (Essex) Ltd (Registered number: 05003846)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Central Mortgages (Essex) Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D C Myers





SECRETARY: D C Myers





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 05003846 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Central Mortgages (Essex) Ltd (Registered number: 05003846)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,008 1,344

CURRENT ASSETS
Debtors 5 30,009 35,637
Cash at bank 18,320 7,949
48,329 43,586
CREDITORS
Amounts falling due within one year 6 35,346 39,302
NET CURRENT ASSETS 12,983 4,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,991

5,628

CAPITAL AND RESERVES
Called up share capital 7 1 1
Subordinated loan 25,000 25,000
Retained earnings (11,010 ) (19,373 )
SHAREHOLDERS' FUNDS 13,991 5,628

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 February 2024 and were signed by:





D C Myers - Director


Central Mortgages (Essex) Ltd (Registered number: 05003846)

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

1. STATUTORY INFORMATION

Central Mortgages (Essex) Ltd 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, allowances, volume and promotional rebates and other payments to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Any revaluation gains or losses recognised in other comprehensive income. Revaluations shall be made with sufficient regularity to ensure that carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.


Central Mortgages (Essex) Ltd (Registered number: 05003846)

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

2. ACCOUNTING POLICIES - continued
Taxation
Tax on the profit or loss 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 directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax provided on timing differences which arise from the inclusion of income and expenses in tax in assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the ta allowances have been met; and differences relating to investments in subsidiaries, [associates, branch, joint ventures] to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is provided in respect of the additional tax that will be paid or avoided on differences between the amount at which an asset (other than goodwill) or liability is recognised in a business combination and the corresponding amount that can be deducted or assessed for tax. Goodwill is adjusted by the amount of such deferred tax.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted at the balance sheet date. Deferred tax balances are not discounted.

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 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 5,370 3,625 8,995
DEPRECIATION
At 1 January 2023 4,026 3,625 7,651
Charge for year 336 - 336
At 31 December 2023 4,362 3,625 7,987
NET BOOK VALUE
At 31 December 2023 1,008 - 1,008
At 31 December 2022 1,344 - 1,344

Central Mortgages (Essex) Ltd (Registered number: 05003846)

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

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Prepayments and accrued income 2,264 3,385

Amounts falling due after more than one year:
Other debtors 1,050 1,050
Other Debtors - ERB 26,695 31,202
27,745 32,252

Aggregate amounts 30,009 35,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Social security and other taxes (3,537 ) 453
Other creditors 25,154 25,154
Directors' current accounts 12,129 11,657
Accrued expenses 1,600 2,038
35,346 39,302

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Central Mortgages (Essex) Ltd

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 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 Central Mortgages (Essex) Ltd for the year ended 31 December 2023 which comprise the Income Statement, 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 Central Mortgages (Essex) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Central Mortgages (Essex) Ltd and state those matters that we have agreed to state to the director of Central Mortgages (Essex) Ltd 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 Central Mortgages (Essex) Ltd and its director for our work or for this report.

It is your duty to ensure that Central Mortgages (Essex) Ltd 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 Central Mortgages (Essex) Ltd. You consider that Central Mortgages (Essex) Ltd 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 Central Mortgages (Essex) Ltd. 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.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


1 February 2024