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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

INDEPENDENT MORTGAGE SOLUTIONS
(HAMPSHIRE) LIMITED

INDEPENDENT MORTGAGE SOLUTIONS
(HAMPSHIRE) LIMITED (REGISTERED NUMBER: 05813951)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDEPENDENT MORTGAGE SOLUTIONS
(HAMPSHIRE) LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTOR: Mr S I Upton





REGISTERED OFFICE: 5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY





REGISTERED NUMBER: 05813951 (England and Wales)






INDEPENDENT MORTGAGE SOLUTIONS
(HAMPSHIRE) LIMITED (REGISTERED NUMBER: 05813951)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,675 3,566

CURRENT ASSETS
Debtors 5 12,168 10,180
Cash at bank 55,848 122,711
68,016 132,891
CREDITORS
Amounts falling due within one year 6 28,442 40,297
NET CURRENT ASSETS 39,574 92,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,249

96,160

CREDITORS
Amounts falling due after more than one year 7 (16,667 ) (26,667 )

PROVISIONS FOR LIABILITIES (669 ) (891 )
NET ASSETS 24,913 68,602

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 19,913 63,602
SHAREHOLDERS' FUNDS 24,913 68,602

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.

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 31 July 2024 and were signed by:





Mr S I Upton - Director


INDEPENDENT MORTGAGE SOLUTIONS
(HAMPSHIRE) LIMITED (REGISTERED NUMBER: 05813951)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023

1. STATUTORY INFORMATION

Independent Mortgage Solutions (Hampshire) 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 commission in respect of completed business.

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 - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 7,683 17,775 25,458
DEPRECIATION
At 1 November 2022 6,979 14,913 21,892
Charge for year 176 715 891
At 31 October 2023 7,155 15,628 22,783
NET BOOK VALUE
At 31 October 2023 528 2,147 2,675
At 31 October 2022 704 2,862 3,566

INDEPENDENT MORTGAGE SOLUTIONS
(HAMPSHIRE) LIMITED (REGISTERED NUMBER: 05813951)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,450 7,131
Other debtors 8,718 3,049
12,168 10,180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,262 3,157
Taxation and social security 13,389 24,271
Other creditors 2,791 2,869
28,442 40,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,667 26,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr S I Upton
Balance outstanding at start of year - -
Amounts advanced 5,646 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,646 -

The loan has been provided unsecured and is repayable on demand. Interest has been charged at the HMRC official rate.