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REGISTERED NUMBER: 13172377 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Saturn Mortgages Limited

Saturn Mortgages Limited (Registered number: 13172377)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Saturn Mortgages Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: L H Eastham



REGISTERED OFFICE: 69 Carroll Crescent
Coventry
CV2 3PX



REGISTERED NUMBER: 13172377 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB

Saturn Mortgages Limited (Registered number: 13172377)

Statement of Financial Position
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 511 997

CURRENT ASSETS
Debtors 5 - 5,556
Cash at bank and in hand 3,490 1,176
3,490 6,732
CREDITORS
Amounts falling due within one year 6 3,892 7,621
NET CURRENT LIABILITIES (402 ) (889 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109

108

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 8
SHAREHOLDERS' FUNDS 109 108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 20 August 2024 and were signed by:





L H Eastham - Director


Saturn Mortgages Limited (Registered number: 13172377)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Saturn 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% 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 statement of financial position date.

Going concern
Despite net current liabilities of £402 (2023 - £889) at 29 February 2024 the director has reviewed the future cashlfows of the business and with his continued financial support has prepared these accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Saturn Mortgages Limited (Registered number: 13172377)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 March 2023 1,569
Disposals (375 )
At 29 February 2024 1,194
Depreciation
At 1 March 2023 572
Charge for year 299
Eliminated on disposal (188 )
At 29 February 2024 683
Net book value
At 29 February 2024 511
At 28 February 2023 997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors - 672
Other debtors - 4,884
- 5,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 76 50
Taxation and social security 1,349 6,764
Other creditors 2,467 807
3,892 7,621

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29/2/24 28/2/23
£    £   
L H Eastham
Balance outstanding at start of year 4,883 -
Amounts advanced - 4,883
Amounts repaid (4,883 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,883

Saturn Mortgages Limited (Registered number: 13172377)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

This above loan was unsecured, attracted no interest and was repaid within 9 months of the year end.