Rothco Independent Mortgages Ltd 4524137 true 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Mortgage Advisers Digita Accounts Production Advanced 6.30.9574.0 true true 4524137 2023-10-01 2024-09-30 4524137 2024-09-30 4524137 core:CurrentFinancialInstruments 2024-09-30 4524137 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 4524137 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 4524137 core:FurnitureFittingsToolsEquipment 2024-09-30 4524137 bus:SmallEntities 2023-10-01 2024-09-30 4524137 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 4524137 bus:FilletedAccounts 2023-10-01 2024-09-30 4524137 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 4524137 bus:RegisteredOffice 2023-10-01 2024-09-30 4524137 bus:Director1 2023-10-01 2024-09-30 4524137 bus:EntityNoLongerTradingButTradedInPast 2023-10-01 2024-09-30 4524137 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 4524137 countries:England 2023-10-01 2024-09-30 4524137 2023-09-30 4524137 core:FurnitureFittingsToolsEquipment 2023-09-30 4524137 2022-10-01 2023-09-30 4524137 2023-09-30 4524137 core:CurrentFinancialInstruments 2023-09-30 4524137 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 4524137 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 4524137 core:FurnitureFittingsToolsEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 4524137

Rothco Independent Mortgages Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Rothco Independent Mortgages Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Rothco Independent Mortgages Ltd

Company Information

Director

Mr Thomas Wilson

Registered office

Ground Floor Lion House
Willowburn Trading Estate
Alnwick
Northumberland
NE66 2PF

Accountants

AMT Business (Northumbria) Ltd
Ground Floor Lion House
Willowburn Trading Estate
Alnwick
Northumberland
NE66 2PF

 

Rothco Independent Mortgages Ltd

(Registration number: 4524137)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

913

913

Current assets

 

Debtors

5

209,350

209,350

Creditors: Amounts falling due within one year

(20,846)

(20,846)

Net current assets

 

188,504

188,504

Total assets less current liabilities

 

189,417

189,417

Creditors: Amounts falling due after more than one year

(205,126)

(205,126)

Net liabilities

 

(15,709)

(15,709)

Capital and reserves

 

Called up share capital

100

100

Share premium reserve

293,601

293,601

Retained earnings

(309,410)

(309,410)

Shareholders' deficit

 

(15,709)

(15,709)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Rothco Independent Mortgages Ltd

(Registration number: 4524137)
Abridged Balance Sheet as at 30 September 2024

Approved and authorised by the director on 3 December 2024
 

.........................................

Mr Thomas Wilson

Director

 

Rothco Independent Mortgages Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ground Floor Lion House
Willowburn Trading Estate
Alnwick
Northumberland
NE66 2PF
United Kingdom

These financial statements were authorised for issue by the director on 3 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rothco Independent Mortgages Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Rothco Independent Mortgages Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

19,981

19,981

At 30 September 2024

19,981

19,981

Depreciation

At 1 October 2023

19,068

19,068

At 30 September 2024

19,068

19,068

Carrying amount

At 30 September 2024

913

913

At 30 September 2023

913

913

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.