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REGISTERED NUMBER: 15060351 (England and Wales)








Unaudited Financial Statements

for the Period

9 August 2023 to 31 December 2024

for

Endurance Mortgages Limited

Endurance Mortgages Limited (Registered number: 15060351)

Contents of the Financial Statements
for the Period 9 August 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Endurance Mortgages Limited

Company Information
for the Period 9 August 2023 to 31 December 2024







DIRECTOR: D J Clarke





REGISTERED OFFICE: Worting House
Church Lane
Basingstoke
Hampshire
RG23 8PX





REGISTERED NUMBER: 15060351 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Endurance Mortgages Limited (Registered number: 15060351)

Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 40,073

CURRENT ASSETS
Cash at bank 53,388

CREDITORS
Amounts falling due within one year 5 20,973
NET CURRENT ASSETS 32,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,488

CREDITORS
Amounts falling due after more than one
year

6

(34,293

)

PROVISIONS FOR LIABILITIES 9 (23,445 )
NET ASSETS 14,750

CAPITAL AND RESERVES
Called up share capital 10 1
Retained earnings 14,749
SHAREHOLDERS' FUNDS 14,750

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

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

The director acknowledges his 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.

Endurance Mortgages Limited (Registered number: 15060351)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





D J Clarke - Director


Endurance Mortgages Limited (Registered number: 15060351)

Notes to the Financial Statements
for the Period 9 August 2023 to 31 December 2024


1. STATUTORY INFORMATION

Endurance 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where applicable.

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 period 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.

Endurance Mortgages Limited (Registered number: 15060351)

Notes to the Financial Statements - continued
for the Period 9 August 2023 to 31 December 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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 3,933 49,499 53,432
At 31 December 2024 3,933 49,499 53,432
DEPRECIATION
Charge for period 984 12,375 13,359
At 31 December 2024 984 12,375 13,359
NET BOOK VALUE
At 31 December 2024 2,949 37,124 40,073

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts (see note 7) 4,946
Taxation and social security 1,864
Other creditors 14,163
20,973

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts (see note 7) 34,293

Endurance Mortgages Limited (Registered number: 15060351)

Notes to the Financial Statements - continued
for the Period 9 August 2023 to 31 December 2024


7. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

£   
Net obligations repayable:
Within one year 4,946
Between one and five years 34,293
39,239

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 39,239

9. PROVISIONS FOR LIABILITIES
£   
Deferred tax 7,614
Other provisions 15,831
23,445

Deferred
tax
£   
Accelerated capital allowances 7,614
Balance at 31 December 2024 7,614

A provision has been made for potential future clawbacks of commission, relating to protection work done in the period.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .