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Registered Number: 07237136
England and Wales

 

 

 

SEARCH MORTGAGES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Director Russell Cager
Registered Number 07237136
Registered Office Suite 21, Rugby Business Centre
21-23 Clifton Road
Rugby
Warwickshire
CV21 3PY
Accountants Beagle Accounting Limited
23a High Street
Welford
Northants
NN6 6HT
1
  2024   2023
    £ £   £ £
Fixed assets   3,648      4,449 
Current assets 37,959      43,536   
Creditors: amount falling due within one year (25,896)     (22,783)  
Net current assets   12,063      20,753 
Total assets less current liabilities   15,711      25,202 
Creditors: amount falling due after more than one year   (21,867)     (25,152)
Provisions for liabilities   (50)     (49)
Net assets   (6,206)     1 
 

         
Capital and reserves   (6,206)     1 
 
NOTES TO THE ACCOUNTS

General Information
Search Mortgages Limited is a private company, limited by shares, registered in England and Wales, registration number 07237136, registration address Suite 21, Rugby Business Centre, 21-23 Clifton Road , Rugby, Warwickshire, CV21 3PY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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.
2.

Financial Commitments, Guarantees and Contingencies

The Company has an outstanding Business Bounce Back Loan with a balance of  £21,866.73 at a fixed rate of  2.5% APR - the loan is repayable over 5 years with the loan repayments starting on the 18th March 2022.

3.

Average number of employees

Average number of employees during the year was 2 (2023 : 3).


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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 accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 11 November 2024 and were signed by:


--------------------------------
Russell Cager
Director
2