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REGISTERED NUMBER: 05413527 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MORTGAGES CORNWALL LTD

MORTGAGES CORNWALL LTD (REGISTERED NUMBER: 05413527)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MORTGAGES CORNWALL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A G Jones
Mrs S E Jones





SECRETARY: A G Jones





REGISTERED OFFICE: The Old School
The Stennack
St Ives
Cornwall
TR26 1QU





REGISTERED NUMBER: 05413527 (England and Wales)





ACCOUNTANTS: Greenwood Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

MORTGAGES CORNWALL LTD (REGISTERED NUMBER: 05413527)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 318 1,736
Cash at bank 5,855 9,088
6,173 10,824
CREDITORS
Amounts falling due within one year 7 3,036 4,304
NET CURRENT ASSETS 3,137 6,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,137

6,520

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 3,035 6,418
SHAREHOLDERS' FUNDS 3,137 6,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2024 and were signed on its behalf by:




Mrs S E Jones - Director


MORTGAGES CORNWALL LTD (REGISTERED NUMBER: 05413527)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Mortgages Cornwall Ltd 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.

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, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 30,000
AMORTISATION
At 1 May 2023
and 30 April 2024 30,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

MORTGAGES CORNWALL LTD (REGISTERED NUMBER: 05413527)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 1,391
DEPRECIATION
At 1 May 2023
and 30 April 2024 1,391
NET BOOK VALUE
At 30 April 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 318 1,736

The overdrawn Directors' current account was repaid within 9 months of the year-end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,670 2,990
Other creditors 1,366 1,314
3,036 4,304

8. RELATED PARTY DISCLOSURES

Included in debtors is £318 owed by A G Jones a director of the company. The loan is interest free and was repaid within 9 months of the year end.