2023-02-01 2024-01-31 false Capium Accounts Production 1.1 12459002 bus:AbridgedAccounts 2023-02-01 2024-01-31 12459002 bus:FRS102 2023-02-01 2024-01-31 12459002 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12459002 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12459002 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12459002 2023-02-01 2024-01-31 12459002 2024-01-31 12459002 bus:RegisteredOffice 2023-02-01 2024-01-31 12459002 core:WithinOneYear 2024-01-31 12459002 core:AfterOneYear 2024-01-31 12459002 bus:Director1 2023-02-01 2024-01-31 12459002 bus:Director1 2024-01-31 12459002 bus:Director1 2022-02-01 2023-01-31 12459002 2022-02-01 12459002 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 12459002 2022-02-01 2023-01-31 12459002 2023-01-31 12459002 core:WithinOneYear 2023-01-31 12459002 core:AfterOneYear 2023-01-31 12459002 bus:EntityAccountantsOrAuditors 2022-02-01 2023-01-31 12459002 core:FurnitureFittings 2023-02-01 2024-01-31 12459002 core:FurnitureFittings 2024-01-31 12459002 core:FurnitureFittings 2023-01-31 12459002 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-01-31 12459002 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 12459002 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 12459002 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 12459002 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 12459002 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 12459002 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-01-31 12459002 core:Non-currentFinancialInstruments 2024-01-31 12459002 core:Non-currentFinancialInstruments 2023-01-31 12459002 core:ShareCapital 2024-01-31 12459002 core:ShareCapital 2023-01-31 12459002 core:RetainedEarningsAccumulatedLosses 2024-01-31 12459002 core:RetainedEarningsAccumulatedLosses 2023-01-31 12459002 dpl:Item1 2023-02-01 12459002 dpl:Item1 2024-01-31 12459002 dpl:Item1 2022-02-01 12459002 dpl:Item1 2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12459002
England and Wales

 

 

 

TIME MORTGAGES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
31/01/2024
£
  31/01/2023
£
Fixed assets      
Tangible fixed assets 3 3,920    4,410 
3,920    4,410 
Current assets      
Debtors 78,100    72,942 
Cash at bank and in hand 7,067    16,421 
85,167    89,363 
Creditors: amount falling due within one year (48,918)   (41,121)
Net current assets 36,249    48,242 
 
Total assets less current liabilities 40,169    52,652 
Creditors: amount falling due after more than one year (35,704)   (42,715)
Net assets 4,465    9,937 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 4,365    9,837 
Shareholders' funds 4,465    9,937 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 October 2024 and were signed by:


-------------------------------
Muhammad Sohail KHAN
Director
1
General Information
TIME MORTGAGES LTD is a private company, limited by shares, registered in England and Wales, registration number 12459002, registration address Westminster Business Centre, Printing House Lane, Hayes, Middlesex, UB3 1AP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 February 2023 4,900    4,900 
Additions  
Disposals  
At 31 January 2024 4,900    4,900 
Depreciation
At 01 February 2023 490    490 
Charge for year 490    490 
On disposals  
At 31 January 2024 980    980 
Net book values
Closing balance as at 31 January 2024 3,920    3,920 
Opening balance as at 01 February 2023 4,410    4,410 


4.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
31/01/2024
£
 31/01/2023
£
 31/01/2024
£
 31/01/2023
£
QUINTESSENTIAL HIRE LTD60,550 55,500 

For the year ended 31 Jan 2024 , TIME MORTGAGES LTD made advance payments total £5,050 to QUINTESSENTIAL HIRE LTD . The total receivable balance due from QUINTESSENTIAL Hire Ltd as at 31 Jan 2024 was £60,550. QUINTESSENTIAL HIRE LTD is considered a related party due to common directorship, This balance is interest-free, unsecured, and have no fixed terms for repayment.
2