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REGISTERED NUMBER: 04634675 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

3 COUNTIES MORTGAGE SERVICES LIMITED

3 COUNTIES MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04634675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3 COUNTIES MORTGAGE SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTOR: Mr S Ellis





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 04634675 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

3 COUNTIES MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04634675)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,508 16,677
12,508 16,677

CURRENT ASSETS
Cash at bank 485 4,209

CREDITORS
Amounts falling due within one year 6 12,588 25,923
NET CURRENT LIABILITIES (12,103 ) (21,714 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

405

(5,037

)

CREDITORS
Amounts falling due after more than one
year

7

6,250

9,250
NET LIABILITIES (5,845 ) (14,287 )

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings (5,851 ) (14,293 )
SHAREHOLDERS' FUNDS (5,845 ) (14,287 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

3 COUNTIES MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04634675)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2023 and were signed by:





Mr S Ellis - Director


3 COUNTIES MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04634675)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

3 Counties 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.

The accounts have been prepared on a going concern basis that the director considers appropriate, however the company is reliant on the continued support of the bank and director.

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 2003, has been amortised evenly over its useful life of five 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 each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


3 COUNTIES MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04634675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 21,000
AMORTISATION
At 1 June 2022
and 31 May 2023 21,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 22,236 2,216 24,452
DEPRECIATION
At 1 June 2022 5,559 2,216 7,775
Charge for year 4,169 - 4,169
At 31 May 2023 9,728 2,216 11,944
NET BOOK VALUE
At 31 May 2023 12,508 - 12,508
At 31 May 2022 16,677 - 16,677

3 COUNTIES MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04634675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,000 3,000
Corporation tax 3,393 3,079
Other creditors 3,328 3,327
Director's current account 120 13,729
Accrued expenses 2,747 2,788
12,588 25,923

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,000 3,000
Bank loans - 2-5 years 3,250 6,250
6,250 9,250

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Ellis, by virtue of owning 100% of ordinary share capital.