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Company Registration No. 8293285 (England and Wales)
CORNWALL MORTGAGES LIMITED Unaudited accounts for the year ended 30 November 2024
CORNWALL MORTGAGES LIMITED Unaudited accounts Contents
Page
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CORNWALL MORTGAGES LIMITED Company Information for the year ended 30 November 2024
Director
THOMAS CRAPP
Company Number
8293285 (England and Wales)
Registered Office
Southview House St Austell Business Park Treverbyn Road Carclaze St Austell PL25 4EJ United Kingdom
Accountants
SG ACCOUNTANCY 102 TREVERBYN ROAD CARCLAZE IND ESTATE ST AUSTELL CORNWALL PL25 4EW
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CORNWALL MORTGAGES LIMITED Accountants' report
Accountants' report to the director of CORNWALL MORTGAGES LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CORNWALL MORTGAGES LIMITED for the year ended 30 November 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CORNWALL MORTGAGES LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CORNWALL MORTGAGES LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CORNWALL MORTGAGES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CORNWALL MORTGAGES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CORNWALL MORTGAGES LIMITED. You consider that CORNWALL MORTGAGES LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CORNWALL MORTGAGES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SG ACCOUNTANCY 102 TREVERBYN ROAD CARCLAZE IND ESTATE ST AUSTELL CORNWALL PL25 4EW 7 March 2025
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CORNWALL MORTGAGES LIMITED Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,917 
5,052 
Investments
- 
1 
11,917 
5,053 
Current assets
Debtors
251,879 
269,338 
Cash at bank and in hand
25,048 
49,500 
276,927 
318,838 
Creditors: amounts falling due within one year
(24,360)
(44,036)
Net current assets
252,567 
274,802 
Total assets less current liabilities
264,484 
279,855 
Creditors: amounts falling due after more than one year
(13,343)
(21,959)
Net assets
251,141 
257,896 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
250,141 
256,896 
Shareholders' funds
251,141 
257,896 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2025 and were signed on its behalf by
THOMAS CRAPP Director Company Registration No. 8293285
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CORNWALL MORTGAGES LIMITED Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
CORNWALL MORTGAGES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8293285. The registered office is Southview House, St Austell Business Park, Treverbyn Road Carclaze, St Austell, PL25 4EJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance method
Computer equipment
33% reducing balance method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
4,891 
13,150 
18,041 
Additions
7,009 
4,247 
11,256 
At 30 November 2024
11,900 
17,397 
29,297 
Depreciation
At 1 December 2023
2,871 
10,118 
12,989 
Charge for the year
1,612 
2,779 
4,391 
At 30 November 2024
4,483 
12,897 
17,380 
Net book value
At 30 November 2024
7,417 
4,500 
11,917 
At 30 November 2023
2,020 
3,032 
5,052 
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CORNWALL MORTGAGES LIMITED Notes to the Accounts for the year ended 30 November 2024
5
Investments
Other investments 
£ 
Valuation at 1 December 2023
1 
Disposals
(1)
Valuation at 30 November 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
20,000 
Accrued income and prepayments
1,578 
1,037 
Other debtors
250,301 
248,301 
251,879 
269,338 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,840 
3,845 
Loans from directors
18,914 
38,758 
Accruals
1,606 
1,433 
24,360 
44,036 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,343 
21,959 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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