1 December 2022 v2024.40.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP104804332022-12-012023-11-30104804332023-11-30104804332022-11-3010480433core:WithinOneYear2023-11-3010480433core:WithinOneYear2022-11-3010480433core:AfterOneYear2023-11-3010480433core:AfterOneYear2022-11-3010480433core:ShareCapital2023-11-3010480433core:ShareCapital2022-11-3010480433core:RetainedEarningsAccumulatedLosses2023-11-3010480433core:RetainedEarningsAccumulatedLosses2022-11-3010480433bus:Director12022-12-012023-11-3010480433bus:RegisteredOffice2022-12-012023-11-30104804332021-12-012022-11-3010480433core:PlantMachinery2022-12-0110480433core:PlantMachinery2022-12-012023-11-3010480433core:PlantMachinery2023-11-3010480433core:PlantMachinery2022-11-301048043312022-12-012023-11-3010480433countries:EnglandWales2022-12-012023-11-3010480433bus:AuditExemptWithAccountantsReport2022-12-012023-11-3010480433bus:PrivateLimitedCompanyLtd2022-12-012023-11-3010480433bus:SmallEntities2022-12-012023-11-3010480433bus:FullAccounts2022-12-012023-11-30
Company registration number:
10480433
Jcm Mortgages Ltd
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Jcm Mortgages Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Jcm Mortgages Ltd
Year ended
30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Jcm Mortgages Ltd
for the year ended
30 November 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Jcm Mortgages Ltd
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Jcm Mortgages Ltd
and state those matters that I have agreed to state to the Board of Directors of
Jcm Mortgages Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Jcm Mortgages Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Jcm Mortgages Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Jcm Mortgages Ltd
. You consider that
Jcm Mortgages Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Jcm Mortgages Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Proud Goulbourn
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
United Kingdom
Date:
30 August 2024
Jcm Mortgages Ltd
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
583
 
577
 
Current assets    
Debtors 6
1,822
 
6,476
 
Cash at bank and in hand
(279
)
(541
)
1,543
 
5,935
 
Creditors: amounts falling due within one year 7
(6,443
)
(8,140
)
Net current liabilities
(4,900
)
(2,205
)
Total assets less current liabilities (4,317 ) (1,628 )
Creditors: amounts falling due after more than one year 8
(2,802
)
(4,486
)
Provisions for liabilities -  
(66
)
Net liabilities
(7,119
)
(6,180
)
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(7,120
)
(6,181
)
Shareholders deficit
(7,119
)
(6,180
)
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 August 2024
, and are signed on behalf of the board by:
J Murray
Director
Company registration number:
10480433
Jcm Mortgages Ltd
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
44 Pepper Street
,
Lymm
,
WA13 0JN
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered to the finance industry/

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price .

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2022
1,541
 
Additions
198
 
At
30 November 2023
1,739
 
Depreciation  
At
1 December 2022
964
 
Charge
192
 
At
30 November 2023
1,156
 
Carrying amount  
At
30 November 2023
583
 
At 30 November 2022
577
 

6 Debtors

20232022
££
Other debtors
1,822
 
6,476
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
1,384
 
1,084
 
Taxation and social security
2,763
 
4,787
 
Other creditors
2,296
 
2,269
 
6,443
 
8,140
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
2,802
 
4,486
 

9 Director's advances, credit and guarantees

At the balance sheet date the director had an overdrawn loan amounting to £ 6,476 which was repaid within 9 months.