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REGISTERED NUMBER: 11833131 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BISHOPGATE MORTGAGE SERVICES LIMITED

BISHOPGATE MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 11833131)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BISHOPGATE MORTGAGE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: G Fagarazzi
J Bhogal





REGISTERED OFFICE: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP





REGISTERED NUMBER: 11833131 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

BISHOPGATE MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 11833131)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 5,376 9,257

CURRENT ASSETS
Debtors 6 1,273 5,973
Cash at bank 152,059 163,213
153,332 169,186
CREDITORS
Amounts falling due within one year 7 (26,417 ) (22,602 )
NET CURRENT ASSETS 126,915 146,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,291

155,841

PROVISIONS FOR LIABILITIES 8 (1,344 ) (1,431 )
NET ASSETS 130,947 154,410

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 124,947 148,410
SHAREHOLDERS' FUNDS 130,947 154,410

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 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.

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 10 September 2024 and were signed on its behalf by:





G Fagarazzi - Director


BISHOPGATE MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 11833131)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Bishopgate 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 (£).


Each unit has been rounded to the nearest whole (1) pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 33% straight line
Computer equipment - 33% straight line

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BISHOPGATE MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 11833131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 3,444 11,763 15,207
DEPRECIATION
At 1 March 2023 691 5,259 5,950
Charge for year 1,037 2,844 3,881
At 29 February 2024 1,728 8,103 9,831
NET BOOK VALUE
At 29 February 2024 1,716 3,660 5,376
At 28 February 2023 2,753 6,504 9,257

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,273 5,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 25,516 22,181
Other creditors 901 421
26,417 22,602

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,344 1,431

Deferred
tax
£   
Balance at 1 March 2023 1,431
Accelerated capital allowances (87 )
Balance at 29 February 2024 1,344

BISHOPGATE MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 11833131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
G Fagarazzi
Balance outstanding at start of year 2,353 (8,457 )
Amounts advanced 44,009 23,593
Amounts repaid (46,287 ) (12,783 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75 2,353

J Bhogal
Balance outstanding at start of year 2,327 (6,506 )
Amounts advanced 43,925 26,938
Amounts repaid (46,657 ) (18,105 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (405 ) 2,327