Company Registration No. 11270434 (England and Wales)
Tree Of Life Mortgages Ltd
accounts
for the year ended 31 March 2024
Tree Of Life Mortgages Ltd
accounts
Contents
Tree Of Life Mortgages Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
31,261
31,055
Creditors: amounts falling due within one year
(7,656)
(8,524)
Net current assets
23,605
23,426
Total assets less current liabilities
24,539
24,550
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
24,247
24,258
Shareholders' funds
24,347
24,358
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 October 2024 and were signed on its behalf by
Chetan Patel
Director
Company Registration No. 11270434
Tree Of Life Mortgages Ltd
Notes to the Accounts
for the year ended 31 March 2024
Tree Of Life Mortgages Ltd is a private company, limited by shares, registered in England and Wales, registration number 11270434. The registered office is 124 City Road, London, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,625
681
2,306
At 31 March 2024
1,625
681
2,306
At 1 April 2023
937
245
1,182
Charge for the year
103
87
190
At 31 March 2024
1,040
332
1,372
At 31 March 2024
585
349
934
At 31 March 2023
688
436
1,124
Amounts falling due within one year
Tree Of Life Mortgages Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
441
314
Loans from directors
6,865
7,860
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).