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WENHAM MORTGAGES LTD

Registered Number
10403501
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

WENHAM MORTGAGES LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

WENHAM, Daniel Bryan George

Registered Address

Office 21 Mansfield Innovation Centre
Oakham Business Park
Mansfield
NG18 5BR

Registered Number

10403501 (England and Wales)
WENHAM MORTGAGES LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,5325,447
5,5325,447
Current assets
Debtors1,0821,082
Cash at bank and on hand81,30069,242
82,38270,324
Creditors amounts falling due within one year4(51,438)(24,817)
Net current assets (liabilities)30,94445,507
Total assets less current liabilities36,47650,954
Net assets36,47650,954
Capital and reserves
Called up share capital33
Profit and loss account36,47350,951
Shareholders' funds36,47650,954
The financial statements were approved and authorised for issue by the Director on 13 November 2024, and are signed on its behalf by:
WENHAM, Daniel Bryan George
Director
Registered Company No. 10403501
WENHAM MORTGAGES LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings33.33
Office Equipment33.33
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year2218
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 October 233,03414,78917,823
Additions-4,1374,137
At 30 September 243,03418,92621,960
Depreciation and impairment
At 01 October 231,70710,66912,376
Charge for year1,0113,0414,052
At 30 September 242,71813,71016,428
Net book value
At 30 September 243165,2165,532
At 30 September 231,3274,1205,447
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables16,38211,762
Taxation and social security35,05613,055
Total51,43824,817