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REGISTERED NUMBER: 04033512 (England and Wales)















Financial Statements

for the Year Ended 30 June 2023

for

Aaron Tawny Mortgages Limited

Aaron Tawny Mortgages Limited (Registered number: 04033512)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Aaron Tawny Mortgages Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: N Etheridge





REGISTERED OFFICE: Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW





REGISTERED NUMBER: 04033512 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Aaron Tawny Mortgages Limited (Registered number: 04033512)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,862 8,453

CURRENT ASSETS
Debtors 5 845,967 754,278
Cash at bank and in hand 99,224 149,075
945,191 903,353
CREDITORS
Amounts falling due within one year 6 88,121 86,492
NET CURRENT ASSETS 857,070 816,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

861,932

825,314

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 100 100
Retained earnings 860,832 824,214
SHAREHOLDERS' FUNDS 861,932 825,314

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 6 March 2024 and were signed by:




N Etheridge - Director


Aaron Tawny Mortgages Limited (Registered number: 04033512)

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

1. STATUTORY INFORMATION

Aaron Tawny Mortgages 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.

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 represents the amount of investment commissions, procuration fees and related income receivable by the company during the period.

When the outcome of work can be estimated reliably, turnover from the work done is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to percentage of job completed. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 33% on cost
Office equipment - 33% on cost

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.

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.

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 17 (2022 - 15 ) .

Aaron Tawny Mortgages Limited (Registered number: 04033512)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Office
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 12,438 9,032 36,324 57,794
Additions - - 1,792 1,792
Disposals - - (144 ) (144 )
At 30 June 2023 12,438 9,032 37,972 59,442
DEPRECIATION
At 1 July 2022 9,566 8,705 31,070 49,341
Charge for year 2,228 210 2,945 5,383
Eliminated on disposal - - (144 ) (144 )
At 30 June 2023 11,794 8,915 33,871 54,580
NET BOOK VALUE
At 30 June 2023 644 117 4,101 4,862
At 30 June 2022 2,872 327 5,254 8,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 5,067 12,834
Other debtors 51,393 2,060
Amounts owed by related
parties 562,708 556,279
Directors' current accounts 215,556 176,094
Prepayments 11,243 7,011
845,967 754,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 3,323 6,465
Corporation Tax 67,681 64,284
Social security and other taxes 12,352 12,459
Other creditors 1,865 1,042
Accrued expenses 2,900 2,242
88,121 86,492

Aaron Tawny Mortgages Limited (Registered number: 04033512)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year - 8,667

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
N Etheridge
Balance outstanding at start of year 176,094 70,353
Amounts advanced 65,762 132,041
Amounts repaid (26,300 ) (26,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 215,556 176,094