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Company Registration No. 10362822 (England and Wales)
APR Mortgages Ltd Unaudited accounts for the year ended 30 September 2024
APR Mortgages Ltd Unaudited accounts Contents
Page
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APR Mortgages Ltd Company Information for the year ended 30 September 2024
Director
Andrew Rowe
Company Number
10362822 (England and Wales)
Registered Office
69 BRIDGE STREET NEWPORT NP20 4AQ WALES
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of APR Mortgages Ltd for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of APR Mortgages Ltd for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Member in Practice 17 October 2024
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APR Mortgages Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
54,250 
57,750 
Tangible assets
8,260 
14,661 
62,510 
72,411 
Current assets
Cash at bank and in hand
51,159 
78,910 
Creditors: amounts falling due within one year
(18,933)
(27,238)
Net current assets
32,226 
51,672 
Total assets less current liabilities
94,736 
124,083 
Creditors: amounts falling due after more than one year
(2,592)
(7,041)
Provisions for liabilities
Deferred tax
- 
(458)
Net assets
92,144 
116,584 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
92,143 
116,583 
Shareholders' funds
92,144 
116,584 
For the year ending 30 September 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 17 October 2024 and were signed on its behalf by
Andrew Rowe Director Company Registration No. 10362822
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APR Mortgages Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
APR Mortgages Ltd is a private company, limited by shares, registered in England and Wales, registration number 10362822. The registered office is 69 BRIDGE STREET, NEWPORT, NP20 4AQ, WALES.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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APR Mortgages Ltd Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
70,000 
At 30 September 2024
70,000 
Amortisation
At 1 October 2023
12,250 
Charge for the year
3,500 
At 30 September 2024
15,750 
Net book value
At 30 September 2024
54,250 
At 30 September 2023
57,750 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
32,500 
11,096 
43,596 
Additions
- 
1,557 
1,557 
At 30 September 2024
32,500 
12,653 
45,153 
Depreciation
At 1 October 2023
20,583 
8,352 
28,935 
Charge for the year
6,500 
1,458 
7,958 
At 30 September 2024
27,083 
9,810 
36,893 
Net book value
At 30 September 2024
5,417 
2,843 
8,260 
At 30 September 2023
11,917 
2,744 
14,661 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,503 
4,503 
Taxes and social security
13,038 
21,355 
Accruals
1,392 
1,380 
18,933 
27,238 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,592 
7,041 
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APR Mortgages Ltd Notes to the Accounts for the year ended 30 September 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
- 
458 
2024 
2023 
£ 
£ 
Provision at start of year
458 
2,780 
Credited to the profit and loss account
(458)
(2,322)
Provision at end of year
- 
458 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
2 
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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