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REGISTERED NUMBER: 09603518 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

KMJ Mortgages Limited

KMJ Mortgages Limited (Registered number: 09603518)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMJ Mortgages Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Miss T Y Lloyd





REGISTERED OFFICE: 14A Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 09603518 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

KMJ Mortgages Limited (Registered number: 09603518)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79 297

CURRENT ASSETS
Debtors 5 82,301 106,364
Cash at bank 2,748 -
85,049 106,364
CREDITORS
Amounts falling due within one year 6 23,349 70,505
NET CURRENT ASSETS 61,700 35,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,779

36,156

CREDITORS
Amounts falling due after more than one
year

7

30,069

35,453
NET ASSETS 31,710 703

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,708 701
SHAREHOLDERS' FUNDS 31,710 703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KMJ Mortgages Limited (Registered number: 09603518)

Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th December 2024 and were signed by:





Miss T Y Lloyd - Director


KMJ Mortgages Limited (Registered number: 09603518)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

KMJ Mortgages Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover in respect of services is recognised when the service has been provided. Turnover in respect of commissions is recognised in the financial period in which the commission is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

KMJ Mortgages Limited (Registered number: 09603518)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023
and 31st March 2024 660
DEPRECIATION
At 1st April 2023 363
Charge for year 218
At 31st March 2024 581
NET BOOK VALUE
At 31st March 2024 79
At 31st March 2023 297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 82,301 106,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,385 8,826
Trade creditors - 1,904
Taxation and social security 15,326 43,859
Other creditors 2,638 15,916
23,349 70,505

KMJ Mortgages Limited (Registered number: 09603518)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 30,069 35,453

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 7,133 13,083

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 6,900

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Miss T Y Lloyd
Balance outstanding at start of year 101,226 82,220
Amounts advanced 20,526 62,562
Amounts repaid (39,638 ) (43,556 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,114 101,226

During the financial year interest of £2,334 (2023 - £2,081) at a rate of 2.25% (2023 - 2%) has been paid to the company in respect of these advances. There are no fixed terms for repayment.

10. RELATED PARTY DISCLOSURES

Included in creditors due within one year at 31st March 2024 is £nil (2023 - £13,400) owing to a company whose directors include the spouse of the director of KMJ Mortgages Limited.

Included in other operating income for the year ended 31st March 2024 is £37,400 (2022 - £nil) in respect of loans from companies whose directors include the spouse of a director of KMJ Mortgages Limited written off.