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REGISTERED NUMBER: 04854300 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

TOWN CENTRE MORTGAGES (BASINGSTOKE) LTD

TOWN CENTRE MORTGAGES (BASINGSTOKE) LTD (REGISTERED NUMBER: 04854300)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWN CENTRE MORTGAGES (BASINGSTOKE) LTD

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P M Smith





SECRETARY: Mrs T Smith





REGISTERED OFFICE: 12A Winchester Street
Basingstoke
RG21 7DY





REGISTERED NUMBER: 04854300 (England and Wales)





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

TOWN CENTRE MORTGAGES (BASINGSTOKE) LTD (REGISTERED NUMBER: 04854300)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,315 6,360

CURRENT ASSETS
Debtors 5 106,105 85,686
Cash at bank and in hand 4,390 30,755
110,495 116,441
CREDITORS
Amounts falling due within one year 6 (72,891 ) (78,264 )
NET CURRENT ASSETS 37,604 38,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,919

44,537

CREDITORS
Amounts falling due after more than one year 7 (13,268 ) (19,485 )
NET ASSETS 27,651 25,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,551 24,952
27,651 25,052

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

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

TOWN CENTRE MORTGAGES (BASINGSTOKE) LTD (REGISTERED NUMBER: 04854300)

Balance Sheet - continued
31 October 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 22 July 2024 and were signed by:





P M Smith - Director


TOWN CENTRE MORTGAGES (BASINGSTOKE) LTD (REGISTERED NUMBER: 04854300)

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

1. STATUTORY INFORMATION

TOWN CENTRE MORTGAGES (BASINGSTOKE) 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

TOWN CENTRE MORTGAGES (BASINGSTOKE) LTD (REGISTERED NUMBER: 04854300)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 43,210
Additions 432
At 31 October 2023 43,642
DEPRECIATION
At 1 November 2022 36,850
Charge for year 3,477
At 31 October 2023 40,327
NET BOOK VALUE
At 31 October 2023 3,315
At 31 October 2022 6,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 88,403 76,100
Other debtors 17,702 9,586
106,105 85,686

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 32,609 37,617
Taxation and social security 30,182 30,407
Other creditors 10,100 10,240
72,891 78,264

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 13,268 19,485