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Company No: 10740669 (England and Wales)

A R MORTGAGES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

A R MORTGAGES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

A R MORTGAGES LIMITED

BALANCE SHEET

As at 30 April 2024
A R MORTGAGES LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 223 637
223 637
Current assets
Debtors 4 43,793 30,029
Cash at bank and in hand 965 811
44,758 30,840
Creditors: amounts falling due within one year 5 ( 30,095) ( 19,228)
Net current assets 14,663 11,612
Total assets less current liabilities 14,886 12,249
Creditors: amounts falling due after more than one year 6 ( 4,501) ( 8,256)
Net assets 10,385 3,993
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 10,384 3,992
Total shareholder's funds 10,385 3,993

For the financial year ending 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 financial statements of A R Mortgages Limited (registered number: 10740669) were approved and authorised for issue by the Director on 26 November 2024. They were signed on its behalf by:

Mr A S Robinson
Director
A R MORTGAGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
A R MORTGAGES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A R Mortgages Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when the value of services provided to date can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 May 2023 2,647 2,548 5,195
At 30 April 2024 2,647 2,548 5,195
Accumulated depreciation
At 01 May 2023 2,010 2,548 4,558
Charge for the financial year 414 0 414
At 30 April 2024 2,424 2,548 4,972
Net book value
At 30 April 2024 223 0 223
At 30 April 2023 637 0 637

4. Debtors

2024 2023
£ £
Other debtors 43,793 30,029

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 3,755 3,662
Taxation and social security 24,073 12,776
Other creditors 2,267 2,790
30,095 19,228

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 4,501 8,256

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Advances to director, interest has been charged at HMRCs official rate 32,165 29,277