Ben Old Mortgage Advice Limited 09973325 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of mortgage advice to individuals and businesses. Digita Accounts Production Advanced 6.30.9574.0 true Mr D B Old true 09973325 2023-04-01 2024-03-31 09973325 2024-03-31 09973325 bus:OrdinaryShareClass1 bus:OtherShareType 2024-03-31 09973325 core:RetainedEarningsAccumulatedLosses 2024-03-31 09973325 core:ShareCapital 2024-03-31 09973325 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09973325 core:FurnitureFittingsToolsEquipment 2024-03-31 09973325 bus:FRS102 2023-04-01 2024-03-31 09973325 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09973325 bus:FullAccounts 2023-04-01 2024-03-31 09973325 bus:RegisteredOffice 2023-04-01 2024-03-31 09973325 bus:Director1 2023-04-01 2024-03-31 09973325 bus:OrdinaryShareClass1 bus:OtherShareType 2023-04-01 2024-03-31 09973325 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 09973325 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09973325 core:ComputerEquipment 2023-04-01 2024-03-31 09973325 countries:AllCountries 2023-04-01 2024-03-31 09973325 2023-03-31 09973325 core:FurnitureFittingsToolsEquipment 2023-03-31 09973325 2022-04-01 2023-03-31 09973325 2023-03-31 09973325 bus:OrdinaryShareClass1 bus:OtherShareType 2023-03-31 09973325 core:RetainedEarningsAccumulatedLosses 2023-03-31 09973325 core:ShareCapital 2023-03-31 09973325 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09973325 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09973325

Ben Old Mortgage Advice Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

Dormant

 

Ben Old Mortgage Advice Limited

Profit and Loss Account for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Ben Old Mortgage Advice Limited

(Registration number: 09973325)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

296

296

Current assets

 

Cash at bank and in hand

 

1,462

1,462

Creditors: Amounts falling due within one year

6

(1,283)

(1,283)

Net current assets

 

179

179

Net assets

 

475

475

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

375

375

Shareholders' funds

 

475

475

For the financial year ending 31 March 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.

Approved and authorised by the director on 27 December 2024
 

.........................................
Mr D B Old
Director

 

Ben Old Mortgage Advice Limited

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

1

General information

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

The address of its registered office is:
Stafford House
10 Prince of Wales Road
Dorchester
Dorset
DT1 1PW

These financial statements were authorised for issue by the director on 27 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 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 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

Over 3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ben Old Mortgage Advice Limited

Notes to the Financial Statements for the Year Ended 31 March 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.

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 1 (2023 - 1).

 

Ben Old Mortgage Advice Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

1,446

1,446

At 31 March 2024

1,446

1,446

Depreciation

At 1 April 2023

1,150

1,150

At 31 March 2024

1,150

1,150

Carrying amount

At 31 March 2024

296

296

At 31 March 2023

296

296

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

1,462

1,462

6

Creditors

2024
£

2023
£

Due within one year

Social security and other taxes

8

8

Accruals

1,275

1,275

1,283

1,283

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100