7 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,587 5,587 5,587 xbrli:pure xbrli:shares iso4217:GBP 10387757 2022-10-01 2023-09-30 10387757 2023-09-30 10387757 2022-09-30 10387757 2021-10-01 2022-09-30 10387757 2022-09-30 10387757 2021-09-30 10387757 core:FurnitureFittings 2022-10-01 2023-09-30 10387757 core:MotorVehicles 2022-10-01 2023-09-30 10387757 bus:Director1 2022-10-01 2023-09-30 10387757 core:FurnitureFittings 2022-09-30 10387757 core:MotorVehicles 2022-09-30 10387757 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 10387757 core:FurnitureFittings 2023-09-30 10387757 core:MotorVehicles 2023-09-30 10387757 core:AfterOneYear 2023-09-30 10387757 core:AfterOneYear 2022-09-30 10387757 core:WithinOneYear 2023-09-30 10387757 core:WithinOneYear 2022-09-30 10387757 core:ShareCapital 2023-09-30 10387757 core:ShareCapital 2022-09-30 10387757 core:RetainedEarningsAccumulatedLosses 2023-09-30 10387757 core:RetainedEarningsAccumulatedLosses 2022-09-30 10387757 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-30 10387757 core:FurnitureFittings 2022-09-30 10387757 core:MotorVehicles 2022-09-30 10387757 bus:SmallEntities 2022-10-01 2023-09-30 10387757 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10387757 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10387757 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10387757 bus:FullAccounts 2022-10-01 2023-09-30 10387757 core:OfficeEquipment 2022-10-01 2023-09-30 10387757 core:LicencesFranchises 2023-09-30 10387757 core:LicencesFranchises 2022-09-30 10387757 core:OfficeEquipment 2023-09-30 10387757 core:OfficeEquipment 2022-09-30
COMPANY REGISTRATION NUMBER: 10387757
Cartref Mortgages Limited
Filleted Unaudited Financial Statements
30 September 2023
Cartref Mortgages Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
5,587
5,587
Tangible assets
6
108,327
114,259
---------
---------
113,914
119,846
Current assets
Debtors
7
23,705
29,101
Cash at bank and in hand
6,006
7,837
--------
--------
29,711
36,938
Creditors: amounts falling due within one year
8
42,968
28,683
--------
--------
Net current (liabilities)/assets
( 13,257)
8,255
---------
---------
Total assets less current liabilities
100,657
128,101
Creditors: amounts falling due after more than one year
9
163,684
134,620
---------
---------
Net liabilities
( 63,027)
( 6,519)
---------
---------
Capital and reserves
Called up share capital
5
5
Profit and loss account
( 63,032)
( 6,524)
--------
-------
Shareholders deficit
( 63,027)
( 6,519)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cartref Mortgages Limited
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mr R Sellers
Director
Company registration number: 10387757
Cartref Mortgages Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bwthyn Grugor, Bylchau, Denbigh, Denbighshire, LL16 5LY.
2. Statement of compliance
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'.
3. Accounting policies
Basis of preparation
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
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 .
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Motor vehicles
-
20% straight line
Equipment & office furniture
-
25% straight line
Impairment of fixed assets
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.
Government grants
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 5 ).
5. Intangible assets
Intangible asset user defined 1
£
Cost
At 1 October 2022 and 30 September 2023
5,587
-------
Amortisation
At 1 October 2022 and 30 September 2023
-------
Carrying amount
At 30 September 2023
5,587
-------
At 30 September 2022
5,587
-------
6. Tangible assets
Freehold property
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2022 and 30 September 2023
101,075
6,284
15,250
10,875
133,484
---------
-------
--------
--------
---------
Depreciation
At 1 October 2022
1,803
9,150
8,272
19,225
Charge for the year
1,571
3,050
1,311
5,932
---------
-------
--------
--------
---------
At 30 September 2023
3,374
12,200
9,583
25,157
---------
-------
--------
--------
---------
Carrying amount
At 30 September 2023
101,075
2,910
3,050
1,292
108,327
---------
-------
--------
--------
---------
At 30 September 2022
101,075
4,481
6,100
2,603
114,259
---------
-------
--------
--------
---------
7. Debtors
2023
2022
£
£
Other debtors
23,705
29,101
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
38,425
26,869
Other creditors
368
324
Other creditors
4,175
1,490
--------
--------
42,968
28,683
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
68,766
81,158
Other creditors
94,918
53,462
---------
---------
163,684
134,620
---------
---------
10. Director's advances, credits and guarantees
No advances, credits or guarantees were given to the Director during the current accounting period.