Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13100277 Mr S E King iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13100277 2022-12-31 13100277 2023-12-31 13100277 2023-01-01 2023-12-31 13100277 frs-core:CurrentFinancialInstruments 2023-12-31 13100277 frs-core:ComputerEquipment 2023-12-31 13100277 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13100277 frs-core:ComputerEquipment 2022-12-31 13100277 frs-core:FurnitureFittings 2023-12-31 13100277 frs-core:FurnitureFittings 2023-01-01 2023-12-31 13100277 frs-core:FurnitureFittings 2022-12-31 13100277 frs-core:WithinOneYear 2023-12-31 13100277 frs-core:ShareCapital 2023-12-31 13100277 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13100277 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13100277 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13100277 frs-bus:SmallEntities 2023-01-01 2023-12-31 13100277 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13100277 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13100277 frs-bus:Director1 2023-01-01 2023-12-31 13100277 frs-countries:EnglandWales 2023-01-01 2023-12-31 13100277 2021-12-31 13100277 2022-12-31 13100277 2022-01-01 2022-12-31 13100277 frs-core:CurrentFinancialInstruments 2022-12-31 13100277 frs-core:WithinOneYear 2022-12-31 13100277 frs-core:ShareCapital 2022-12-31 13100277 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13100277
Tribe Mortgages Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13100277
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,022 2,031
3,022 2,031
CURRENT ASSETS
Debtors 5 32,193 36,068
Cash at bank and in hand 7,325 17,493
39,518 53,561
Creditors: Amounts Falling Due Within One Year 6 (7,974 ) (9,848 )
NET CURRENT ASSETS (LIABILITIES) 31,544 43,713
TOTAL ASSETS LESS CURRENT LIABILITIES 34,566 45,744
PROVISIONS FOR LIABILITIES
Deferred Taxation (574 ) (386 )
NET ASSETS 33,992 45,358
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 33,892 45,258
SHAREHOLDERS' FUNDS 33,992 45,358
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S E King
Director
11 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tribe Mortgages Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13100277 . The registered office is Unit 5 Mersey House, 140 Speke Road, Liverpool, Merseyside, L19 2PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings 25% Reducing balance
Computer equipment 25% Reducing balance
2.4. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
As at 1 January 2023 1,156 2,189 3,345
Additions 125 1,874 1,999
As at 31 December 2023 1,281 4,063 5,344
Depreciation
As at 1 January 2023 437 877 1,314
Provided during the period 211 797 1,008
As at 31 December 2023 648 1,674 2,322
Net Book Value
As at 31 December 2023 633 2,389 3,022
As at 1 January 2023 719 1,312 2,031
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 32,193 36,068
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,838 1,270
Taxation and social security 6,136 8,578
7,974 9,848
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 361 -
361 -
9. Directors Advances, Credits and Guarantees
The director received advances during the year totalling £41,916 (2022: £35,864) and made repayments totalling £45,788. All advances are repayable on demand. The advance carried forward is £31,992 (2022: £35,864).
The above loan is interest free and repayable on demand.
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10. Related Party Transactions
The following related party transactions were undertaken during the year:
Dividends were paid to the directors in respect of their shareholdings totalling £36,000 (2022: £Nil).
The aggregate remuneration paid to key management personnel for the year was £9,788 (2022: £4,000).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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