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REGISTERED NUMBER: 12304908 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Bella Mercia Mortgage Services Limited

Bella Mercia Mortgage Services Limited (Registered number: 12304908)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bella Mercia Mortgage Services Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: S M J Bell
Mrs S A Bell





REGISTERED OFFICE: Field House
Stafford Road
Aston-By-Stone
Staffordshire
ST15 0BH





REGISTERED NUMBER: 12304908 (England and Wales)






Bella Mercia Mortgage Services Limited (Registered number: 12304908)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,850 -

CURRENT ASSETS
Debtors 5 498 498
Cash at bank 5,359 9,732
5,857 10,230
CREDITORS
Amounts falling due within one year 6 (7,141 ) (8,056 )
NET CURRENT (LIABILITIES)/ASSETS (1,284 ) 2,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,566

2,174

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8,566 1,174
9,566 2,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





S M J Bell - Director


Bella Mercia Mortgage Services Limited (Registered number: 12304908)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Bella Mercia Mortgage Services Limited ('The Company') is primarily engaged in financial advice provision in respect of mortgage products..

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is Field House, Stafford Road, Aston-By-Stone, Staffordshire, ST15 0BH. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

The director considers it appropriate to prepare the financial statements on the going concern basis.

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 & fittings - 10% on cost

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' current accounts and loans.

Bank loans and directors loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the effective interest method.

Directors current balances (being those repayable on demand), trade debtors, other debtors and creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment.If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


Bella Mercia Mortgage Services Limited (Registered number: 12304908)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 year end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the year end.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
& fittings
£   
COST
Additions 12,056
At 31 March 2024 12,056
DEPRECIATION
Charge for year 1,206
At 31 March 2024 1,206
NET BOOK VALUE
At 31 March 2024 10,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 498 498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,820 4,370
Other creditors 4,321 3,686
7,141 8,056