Silverfin false false 31/07/2024 01/09/2023 31/07/2024 Mr D A L Bastin 14/08/2020 Mr M M Gregg 15/04/2024 Mr S L Gregg 15/04/2024 Mrs J Piasecka 01/09/2023 10 October 2024 The principal activity of the Company during the financial year was that of mortgage advisory. 12813449 2024-07-31 12813449 bus:Director1 2024-07-31 12813449 bus:Director2 2024-07-31 12813449 bus:Director3 2024-07-31 12813449 bus:Director4 2024-07-31 12813449 2023-08-31 12813449 core:CurrentFinancialInstruments 2024-07-31 12813449 core:CurrentFinancialInstruments 2023-08-31 12813449 core:ShareCapital 2024-07-31 12813449 core:ShareCapital 2023-08-31 12813449 core:RetainedEarningsAccumulatedLosses 2024-07-31 12813449 core:RetainedEarningsAccumulatedLosses 2023-08-31 12813449 core:OtherPropertyPlantEquipment 2023-08-31 12813449 core:OtherPropertyPlantEquipment 2024-07-31 12813449 2023-09-01 2024-07-31 12813449 bus:FilletedAccounts 2023-09-01 2024-07-31 12813449 bus:SmallEntities 2023-09-01 2024-07-31 12813449 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-07-31 12813449 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-07-31 12813449 bus:Director1 2023-09-01 2024-07-31 12813449 bus:Director2 2023-09-01 2024-07-31 12813449 bus:Director3 2023-09-01 2024-07-31 12813449 bus:Director4 2023-09-01 2024-07-31 12813449 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-09-01 2024-07-31 12813449 2022-09-01 2023-08-31 12813449 core:OtherPropertyPlantEquipment 2023-09-01 2024-07-31 iso4217:GBP xbrli:pure

Company No: 12813449 (England and Wales)

IGLOO MORTGAGE LIMITED

Unaudited Financial Statements
For the financial period from 01 September 2023 to 31 July 2024
Pages for filing with the registrar

IGLOO MORTGAGE LIMITED

Unaudited Financial Statements

For the financial period from 01 September 2023 to 31 July 2024

Contents

IGLOO MORTGAGE LIMITED

BALANCE SHEET

As at 31 July 2024
IGLOO MORTGAGE LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024 31.08.2023
£ £
Fixed assets
Tangible assets 3 1,240 1,629
1,240 1,629
Current assets
Cash at bank and in hand 7,730 22,537
7,730 22,537
Creditors: amounts falling due within one year 4 ( 9,146) ( 17,913)
Net current (liabilities)/assets (1,416) 4,624
Total assets less current liabilities (176) 6,253
Net (liabilities)/assets ( 176) 6,253
Capital and reserves
Called-up share capital 100 1
Profit and loss account ( 276 ) 6,252
Total shareholders' (deficit)/funds ( 176) 6,253

For the financial period ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Igloo Mortgage Limited (registered number: 12813449) were approved and authorised for issue by the Board of Directors on 10 October 2024. They were signed on its behalf by:

Mr D A L Bastin
Director
IGLOO MORTGAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2023 to 31 July 2024
IGLOO MORTGAGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2023 to 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Igloo Mortgage Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 19 Prince Of Wales Road, Weymouth, DT4 0BY, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover consists of mortgage broker fees and commission and is the fair value of such consideration received or receivable. The company recognises revenue when the amount of revenue can be recognised reliably.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

Period from
01.09.2023 to
31.07.2024
Year ended
31.08.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 3 2

The company is run and administered by the directors of the company for whom no contracts of service are in place.

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 September 2023 1,700 1,700
At 31 July 2024 1,700 1,700
Accumulated depreciation
At 01 September 2023 71 71
Charge for the financial period 389 389
At 31 July 2024 460 460
Net book value
At 31 July 2024 1,240 1,240
At 31 August 2023 1,629 1,629

4. Creditors: amounts falling due within one year

31.07.2024 31.08.2023
£ £
Taxation and social security 3,955 9,335
Other creditors 5,191 8,578
9,146 17,913

5. Related party transactions

During the year the director maintained an interest free loan with the company which is repayable on demand. At the balance sheet date the amount due from the company was £3,771 (2023 - £7,245).