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
APR Mortgages Ltd
Company Information
for the year ended 30 September 2024
Company Number
10362822 (England and Wales)
Registered Office
69 BRIDGE STREET
NEWPORT
NP20 4AQ
WALES
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
APR Mortgages Ltd
Statement of financial position
as at 30 September 2024
Intangible assets
54,250
57,750
Tangible assets
8,260
14,661
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
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
APR Mortgages Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
APR Mortgages Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill
At 30 September 2024
70,000
At 30 September 2024
15,750
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
At 30 September 2024
32,500
12,653
45,153
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
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
7
Creditors: amounts falling due after more than one year
2024
2023
APR Mortgages Ltd
Notes to the Accounts
for the year ended 30 September 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
-
458
Provision at start of year
458
2,780
Credited to the profit and loss account
(458)
(2,322)
Provision at end of year
-
458
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).