Company registration number 09641054 (England and Wales)
KR MORTGAGE SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
KR MORTGAGE SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
KR MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 09641054)
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
474
774
Current assets
Debtors
4
46,970
42,587
Creditors: amounts falling due within one year
5
(43,350)
(36,182)
Net current assets
3,620
6,405
Total assets less current liabilities
4,094
7,179
Creditors: amounts falling due after more than one year
6
(3,860)
(4,460)
Provisions for liabilities
(90)
(147)
Net assets
144
2,572
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
44
2,472
Total equity
144
2,572

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KR MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 09641054)
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 28 June 2024
Mr K Ramdeo
Director
KR MORTGAGE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

KR Mortgage Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

1.4
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% on straight line

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

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

KR MORTGAGE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Computer equipment
£
Cost
At 1 July 2022 and 30 June 2023
5,515
Depreciation and impairment
At 1 July 2022
4,741
Depreciation charged in the year
300
At 30 June 2023
5,041
Carrying amount
At 30 June 2023
474
At 30 June 2022
774
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
46,970
42,587
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
710
3,886
Trade creditors
5,723
6,171
Taxation and social security
31,065
23,529
Other creditors
5,852
2,596
43,350
36,182
KR MORTGAGE SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
3,860
4,460
7
Director's transactions

As at the balance sheet date, there was an overdrawn directors' loan account balance of £35,339 (2022 - £32,063), this includes interest charged £837 (2022 - £751), this balance is included within other debtors.

 

 

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