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REGISTERED NUMBER: 09296223 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TUDOR MORTGAGES LIMITED

TUDOR MORTGAGES LIMITED (REGISTERED NUMBER: 09296223)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TUDOR MORTGAGES LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: M D Bambridge
Mrs H E Bambridge





REGISTERED OFFICE: 45 St Johns Road
Boxmoor
Hemel Hempstead
Hertfordshire
HP1 1QQ





REGISTERED NUMBER: 09296223 (England and Wales)





ACCOUNTANTS: Lovetts Accountants Limited
Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP

TUDOR MORTGAGES LIMITED (REGISTERED NUMBER: 09296223)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,509 9,459

CURRENT ASSETS
Debtors 5 69,918 84,590
Cash at bank and in hand 146,134 126,757
216,052 211,347
CREDITORS
Amounts falling due within one year 6 112,540 127,801
NET CURRENT ASSETS 103,512 83,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,021

93,005

CREDITORS
Amounts falling due after more than one
year

7

89,757

25,004
NET ASSETS 96,264 68,001

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 96,144 67,881
SHAREHOLDERS' FUNDS 96,264 68,001

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

TUDOR MORTGAGES LIMITED (REGISTERED NUMBER: 09296223)

BALANCE SHEET - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





M D Bambridge - Director


TUDOR MORTGAGES LIMITED (REGISTERED NUMBER: 09296223)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Tudor 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.

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 net invoiced amounts excluding value added tax.

Income in respect of advisory fees are recognised in the period they arise.

Income in respect of commissions received are recognised in the period they become receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Over the term of the lease
Motor vehicles - 20% on cost
Computer 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.

TUDOR MORTGAGES LIMITED (REGISTERED NUMBER: 09296223)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Short Motor Computer
leasehold vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 705 61,050 1,865 63,620
Additions - 102,834 - 102,834
Disposals - (61,050 ) - (61,050 )
At 30 November 2023 705 102,834 1,865 105,404
DEPRECIATION
At 1 December 2022 705 51,743 1,713 54,161
Charge for year - 21,379 152 21,531
Eliminated on disposal - (52,797 ) - (52,797 )
At 30 November 2023 705 20,325 1,865 22,895
NET BOOK VALUE
At 30 November 2023 - 82,509 - 82,509
At 30 November 2022 - 9,307 152 9,459

TUDOR MORTGAGES LIMITED (REGISTERED NUMBER: 09296223)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022 61,050
Additions 101,385
Disposals (61,050 )
At 30 November 2023 101,385
DEPRECIATION
At 1 December 2022 51,743
Charge for year 21,331
Eliminated on disposal (52,797 )
At 30 November 2023 20,277
NET BOOK VALUE
At 30 November 2023 81,108
At 30 November 2022 9,307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 68,918 75,171
Other debtors 1,000 9,419
69,918 84,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,873 36,461
Trade creditors 1,720 1,128
Taxation and social security (2 ) 26,769
Other creditors 90,949 53,443
112,540 127,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 14,945 25,004
Hire purchase contracts 74,812 -
89,757 25,004