IRIS Accounts Production v24.2.0.383 09518733 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095187332023-03-31095187332024-03-31095187332023-04-012024-03-31095187332022-03-31095187332022-04-012023-03-31095187332023-03-3109518733ns15:EnglandWales2023-04-012024-03-3109518733ns14:PoundSterling2023-04-012024-03-3109518733ns10:Director12023-04-012024-03-3109518733ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109518733ns10:SmallEntities2023-04-012024-03-3109518733ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109518733ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109518733ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109518733ns10:FullAccounts2023-04-012024-03-3109518733ns10:RegisteredOffice2023-04-012024-03-3109518733ns5:CurrentFinancialInstruments2024-03-3109518733ns5:CurrentFinancialInstruments2023-03-3109518733ns5:ShareCapital2024-03-3109518733ns5:ShareCapital2023-03-3109518733ns5:RetainedEarningsAccumulatedLosses2024-03-3109518733ns5:RetainedEarningsAccumulatedLosses2023-03-3109518733ns5:FurnitureFittings2023-03-3109518733ns5:FurnitureFittings2023-04-012024-03-3109518733ns5:FurnitureFittings2024-03-3109518733ns5:FurnitureFittings2023-03-3109518733ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109518733ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109518733ns5:CurrentFinancialInstruments2023-04-012024-03-3109518733ns5:DeferredTaxation2023-03-3109518733ns5:DeferredTaxation2023-04-012024-03-3109518733ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 09518733 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Bespoke Mortgage and Protection
Solutions Ltd

Bespoke Mortgage and Protection
Solutions Ltd (Registered number: 09518733)






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


Bespoke Mortgage and Protection
Solutions Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C J Summers





REGISTERED OFFICE: 89 Shirley Road
Croydon
CR0 7LQ





REGISTERED NUMBER: 09518733 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Bespoke Mortgage and Protection
Solutions Ltd (Registered number: 09518733)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 703 679

CURRENT ASSETS
Debtors 5 16,896 20,586
Cash at bank 3,787 52
20,683 20,638
CREDITORS
Amounts falling due within one year 6 (19,845 ) (20,993 )
NET CURRENT ASSETS/(LIABILITIES) 838 (355 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,541

324

PROVISIONS FOR LIABILITIES 7 (134 ) (129 )
NET ASSETS 1,407 195

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,307 95
1,407 195

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 her 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.

Bespoke Mortgage and Protection
Solutions Ltd (Registered number: 09518733)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





C J Summers - Director


Bespoke Mortgage and Protection
Solutions Ltd (Registered number: 09518733)

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

1. STATUTORY INFORMATION

Bespoke Mortgage and Protection Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of mortgage broker.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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

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 .

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Bespoke Mortgage and Protection
Solutions Ltd (Registered number: 09518733)

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

2. ACCOUNTING POLICIES - continued

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earning in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet.

GOING CONCERN
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 2,205
Additions 251
At 31 March 2024 2,456
DEPRECIATION
At 1 April 2023 1,526
Charge for year 227
At 31 March 2024 1,753
NET BOOK VALUE
At 31 March 2024 703
At 31 March 2023 679

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,896 20,586

The director considers the carrying value of trade and other receivables approximate to their fair value.

Bespoke Mortgage and Protection
Solutions Ltd (Registered number: 09518733)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 65 -
Taxation and social security 12,796 12,996
Other creditors 6,984 7,997
19,845 20,993

The director considers the carrying amounts of current liabilities approximate to their fair values.

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 134 129

Deferred
tax
£   
Balance at 1 April 2023 129
Provided during year 5
Balance at 31 March 2024 134

8. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. RELATED PARTY DISCLOSURES

As at the balance sheet date included in other debtors were amounts of £12,752 (2023 - £16,390) due from the directors. This loan is interest free and repayable on demand.