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REGISTERED NUMBER: 08451693 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SO MORTGAGES LIMITED

SO MORTGAGES LIMITED (Registered number: 08451693)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

SO MORTGAGES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N Kataria





SECRETARY:





REGISTERED OFFICE: Room 28, Anerley Business Centre
Anerley Road
London
SE20 8BD





REGISTERED NUMBER: 08451693 (England and Wales)





ACCOUNTANTS: Hanson & Associates
Chartered Certified Accountants
Room 19
Anerley Business Cerntre
Anerley Road
London
SE20 8BD

SO MORTGAGES LIMITED (Registered number: 08451693)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 40,046
Tangible assets 5 84,477 42,537
84,477 82,583

CURRENT ASSETS
Cash at bank 310,404 579,614

CREDITORS
Amounts falling due within one year 6 (120,008 ) (428,223 )
NET CURRENT ASSETS 190,396 151,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,873

233,974

CREDITORS
Amounts falling due after more than one
year

7

(5,000

)

(5,000

)
NET ASSETS 269,873 228,974

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 269,773 228,874
SHAREHOLDERS' FUNDS 269,873 228,974

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 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.

SO MORTGAGES LIMITED (Registered number: 08451693)

Balance Sheet - continued
31 March 2024


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 19 September 2024 and were signed by:





N Kataria - Director


SO MORTGAGES LIMITED (Registered number: 08451693)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SO 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 April 2023 40,046
Disposals (40,046 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 40,046

SO MORTGAGES LIMITED (Registered number: 08451693)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023 70,897
Additions 47,990
At 31 March 2024 118,887
DEPRECIATION
At 1 April 2023 28,360
Charge for year 6,050
At 31 March 2024 34,410
NET BOOK VALUE
At 31 March 2024 84,477
At 31 March 2023 42,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 36,437 40,046
Accrued Expenses 1,800 1,800
Tax 21,322 19,085
Proposed dividends 50,000 50,000
Directors' loan accounts 10,449 317,292
120,008 428,223

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 5,000 5,000

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
SO MORTGAGES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SO MORTGAGES LIMITED for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of SO MORTGAGES LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SO MORTGAGES LIMITED and state those matters that we have agreed to state to the director of SO MORTGAGES LIMITED in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that SO MORTGAGES LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SO MORTGAGES LIMITED. You consider that SO MORTGAGES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SO MORTGAGES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hanson & Associates
Chartered Certified Accountants
Room 19
Anerley Business Cerntre
Anerley Road
London
SE20 8BD


23 September 2024