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Company Registration No. 13340472 (England and Wales)
Standard Mortgages Limited Unaudited accounts for the year ended 30 April 2024
Standard Mortgages Limited Unaudited accounts Contents
Page
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Standard Mortgages Limited Company Information for the year ended 30 April 2024
Director
Saif Malik
Company Number
13340472 (England and Wales)
Registered Office
Bartle House Oxford Court Manchester OL8 1JR England
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Standard Mortgages Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
329,000 
16,000 
Tangible assets
21,000 
24,000 
350,000 
40,000 
Current assets
Debtors
52,080 
69,319 
Cash at bank and in hand
5,180 
2,480 
57,260 
71,799 
Creditors: amounts falling due within one year
(344,278)
(99,699)
Net current liabilities
(287,018)
(27,900)
Net assets
62,982 
12,100 
Capital and reserves
Profit and loss account
62,982 
12,100 
Shareholders' funds
62,982 
12,100 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 May 2024 and were signed on its behalf by
Saif Malik Director Company Registration No. 13340472
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Standard Mortgages Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Standard Mortgages Limited is a private company, limited by shares, registered in England and Wales, registration number 13340472. The registered office is Bartle House, Oxford Court, Manchester, OL8 1JR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
10
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
20,000 
Additions
350,000 
At 30 April 2024
370,000 
Amortisation
At 1 May 2023
4,000 
Charge for the year
37,000 
At 30 April 2024
41,000 
Net book value
At 30 April 2024
329,000 
At 30 April 2023
16,000 
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Standard Mortgages Limited Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
30,000 
At 30 April 2024
30,000 
Depreciation
At 1 May 2023
6,000 
Charge for the year
3,000 
At 30 April 2024
9,000 
Net book value
At 30 April 2024
21,000 
At 30 April 2023
24,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,262 
56,380 
Other debtors
13,818 
12,939 
52,080 
69,319 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
56,778 
14,200 
Amounts owed to group undertakings and other participating interests
100,000 
- 
Other creditors
187,500 
85,499 
344,278 
99,699 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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