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REGISTERED NUMBER: 10587159 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

DUXBURY MORTGAGES LIMITED

DUXBURY MORTGAGES LIMITED (REGISTERED NUMBER: 10587159)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUXBURY MORTGAGES LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr S Johnson
Mrs L B Johnson





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 10587159 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

DUXBURY MORTGAGES LIMITED (REGISTERED NUMBER: 10587159)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,772 3,647

CURRENT ASSETS
Debtors 5 6,904 4,745
Cash at bank 24,441 25,065
31,345 29,810
CREDITORS
Amounts falling due within one year 6 19,594 15,059
NET CURRENT ASSETS 11,751 14,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,523

18,398

PROVISIONS FOR LIABILITIES 3,013 693
NET ASSETS 22,510 17,705

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 22,410 17,605
SHAREHOLDERS' FUNDS 22,510 17,705

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

DUXBURY MORTGAGES LIMITED (REGISTERED NUMBER: 10587159)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 3rd July 2024 and were signed on its behalf by:




Mr S Johnson - Director



Mrs L B Johnson - Director


DUXBURY MORTGAGES LIMITED (REGISTERED NUMBER: 10587159)

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

1. STATUTORY INFORMATION

Duxbury 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered. Income is recognised upon the point the service is provided to the customer.

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 - 25% on reducing balance
Computer equipment - 33.3% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

DUXBURY MORTGAGES LIMITED (REGISTERED NUMBER: 10587159)

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

2. ACCOUNTING POLICIES - continued

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 5,176 2,112 7,288
Additions 12,514 1,420 13,934
Disposals - (935 ) (935 )
At 31st March 2024 17,690 2,597 20,287
DEPRECIATION
At 1st April 2023 1,806 1,835 3,641
Charge for year 3,451 358 3,809
Eliminated on disposal - (935 ) (935 )
At 31st March 2024 5,257 1,258 6,515
NET BOOK VALUE
At 31st March 2024 12,433 1,339 13,772
At 31st March 2023 3,370 277 3,647

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 985 985
Directors' current accounts 5,919 3,760
6,904 4,745

DUXBURY MORTGAGES LIMITED (REGISTERED NUMBER: 10587159)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 101 -
Tax 17,723 13,659
Accrued expenses 1,770 1,400
19,594 15,059

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary Shares £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024 the directors owed £5,919 (2023: £3,760) to the company. No interest has been charged by the company in respect of this loan and it is repayable on demand.

9. ULTIMATE CONTROLLING PARTY

Throughout the current year, Mr & Mrs S Johnson have controlled the company by virtue of their 100% shareholding.