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REGISTERED NUMBER: 07549908 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Gledhills Independent Mortgage
Specialists Ltd

Gledhills Independent Mortgage
Specialists Ltd (Registered number: 07549908)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gledhills Independent Mortgage
Specialists Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L Bickerton
Miss L J Bailey





REGISTERED OFFICE: First Floor, Teesview
Sabatier Close
Thornaby
Stockton on Tees
TS17 6EW





REGISTERED NUMBER: 07549908 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Gledhills Independent Mortgage
Specialists Ltd (Registered number: 07549908)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,071 2,433

CURRENT ASSETS
Debtors 5 36,250 59,085
Cash at bank and in hand 44,901 13,809
81,151 72,894
CREDITORS
Amounts falling due within one year 6 55,011 49,119
NET CURRENT ASSETS 26,140 23,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,211

26,208

CREDITORS
Amounts falling due after more than one
year

7

12,447

22,288
NET ASSETS 18,764 3,920

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,762 3,918
18,764 3,920

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Gledhills Independent Mortgage
Specialists Ltd (Registered number: 07549908)

Balance Sheet - continued
31 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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:




Miss L J Bailey - Director



Mrs L Bickerton - Director


Gledhills Independent Mortgage
Specialists Ltd (Registered number: 07549908)

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

1. STATUTORY INFORMATION

Gledhills Independent Mortgage Specialists 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.

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

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.

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.

Gledhills Independent Mortgage
Specialists Ltd (Registered number: 07549908)

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

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 10,111
Additions 3,597
At 31 March 2024 13,708
DEPRECIATION
At 1 April 2023 7,678
Charge for year 959
At 31 March 2024 8,637
NET BOOK VALUE
At 31 March 2024 5,071
At 31 March 2023 2,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 35,200 59,085
Other debtors 1,050 -
36,250 59,085

Gledhills Independent Mortgage
Specialists Ltd (Registered number: 07549908)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 37,027 32,066
Other creditors 7,984 7,053
55,011 49,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,447 22,288