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REGISTERED NUMBER: 04486778 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TOWN AND COUNTRY MORTGAGE SERVICES
LIMITED

TOWN AND COUNTRY MORTGAGE SERVICES
LIMITED (REGISTERED NUMBER: 04486778)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWN AND COUNTRY MORTGAGE SERVICES
LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Mr G N Cottier-Whitehead
Mrs A L Cottier-Whitehead





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





REGISTERED NUMBER: 04486778 (England and Wales)





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

TOWN AND COUNTRY MORTGAGE SERVICES
LIMITED (REGISTERED NUMBER: 04486778)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,397 72,174
Investments 5 100 100
54,497 72,274

CURRENT ASSETS
Debtors 6 190,247 190,460
Cash at bank and in hand 40,613 104,116
230,860 294,576
CREDITORS
Amounts falling due within one year 7 179,720 152,716
NET CURRENT ASSETS 51,140 141,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,637

214,134

CREDITORS
Amounts falling due after more than one
year

8

-

(9,461

)

PROVISIONS FOR LIABILITIES (4,050 ) (6,048 )
NET ASSETS 101,587 198,625

CAPITAL AND RESERVES
Called up share capital 10 500 500
Retained earnings 101,087 198,125
SHAREHOLDERS' FUNDS 101,587 198,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 AND COUNTRY MORTGAGE SERVICES
LIMITED (REGISTERED NUMBER: 04486778)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





Mr G N Cottier-Whitehead - Director


TOWN AND COUNTRY MORTGAGE SERVICES
LIMITED (REGISTERED NUMBER: 04486778)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Town And Country 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.

Turnover
Turnover represents revenue earned under contracts to provide professional services, less provision for potential clawback of any commissions paid under contracts and policies subsequently cancelled. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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.

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.

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.

Debtors
Short term debtors are measured as transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value , net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

TOWN AND COUNTRY MORTGAGE SERVICES
LIMITED (REGISTERED NUMBER: 04486778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 19,882 118,850 138,732
DEPRECIATION
At 1 April 2023 14,561 51,997 66,558
Charge for year 1,064 16,713 17,777
At 31 March 2024 15,625 68,710 84,335
NET BOOK VALUE
At 31 March 2024 4,257 50,140 54,397
At 31 March 2023 5,321 66,853 72,174

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,469 23,008
Other debtors 168,778 167,452
190,247 190,460

TOWN AND COUNTRY MORTGAGE SERVICES
LIMITED (REGISTERED NUMBER: 04486778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,536 44,233
Hire purchase contracts (see note 9) 9,461 27,912
Trade creditors 204 203
Corporation tax 10,007 -
Taxation and social security 10,585 13,461
Pension payable 1,630 1,812
Other creditors 24,790 41,401
Directors' loan accounts 42,244 120
Accrued expenses 37,263 23,574
179,720 152,716

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 9,461

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 9,461 27,912
Between one and five years - 9,461
9,461 37,373

Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,967 15,157
Between one and five years 2,043 21,525
9,010 36,682

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
110 Ordinary 'A' £1 110 110
195 Ordinary 'B' £1 195 195
195 Ordinary 'C' £1 195 195
500 500

TOWN AND COUNTRY MORTGAGE SERVICES
LIMITED (REGISTERED NUMBER: 04486778)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

10. CALLED UP SHARE CAPITAL - continued

All shares rank pari passu in relation to voting rights and capital and each class of shares is entitled to dividends as and when declared by the directors.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr G Cottier-Whitehead and Mrs A Cottier-Whitehead.