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REGISTERED NUMBER: 08751980 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

NCR MORTGAGE & FINANCIAL LIMITED

NCR MORTGAGE & FINANCIAL LIMITED (REGISTERED NUMBER: 08751980)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NCR MORTGAGE & FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: N C Ripley





SECRETARY: S Ripley





REGISTERED OFFICE: 4 Decapel Close
Church Green
Woodford
Northamptonshire
NN14 4HR





REGISTERED NUMBER: 08751980 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

NCR MORTGAGE & FINANCIAL LIMITED (REGISTERED NUMBER: 08751980)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,367 -
1,367 -

CURRENT ASSETS
Debtors 6 15,426 14,104
Cash at bank 1,396 3,660
16,822 17,764
CREDITORS
Amounts falling due within one year 7 17,057 17,103
NET CURRENT (LIABILITIES)/ASSETS (235 ) 661
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132

661

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,032 561
SHAREHOLDERS' FUNDS 1,132 661

NCR MORTGAGE & FINANCIAL LIMITED (REGISTERED NUMBER: 08751980)

BALANCE SHEET - continued
31ST OCTOBER 2024


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

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

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 4th March 2025 and were signed by:





NC Ripley - Director


NCR MORTGAGE & FINANCIAL LIMITED (REGISTERED NUMBER: 08751980)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. STATUTORY INFORMATION

NCR Mortgage & Financial 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis not withstanding that at 31 October 2024 the company had net current liabilities of £235. The director believes this basis to be appropriate and has agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

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 2013, 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.
Computer equipment - 33% on cost

Taxation
Taxation for the year 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.


NCR MORTGAGE & FINANCIAL LIMITED (REGISTERED NUMBER: 08751980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 20,000
AMORTISATION
At 1st November 2023
and 31st October 2024 20,000
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

NCR MORTGAGE & FINANCIAL LIMITED (REGISTERED NUMBER: 08751980)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st November 2023 1,966
Additions 1,367
At 31st October 2024 3,333
DEPRECIATION
At 1st November 2023
and 31st October 2024 1,966
NET BOOK VALUE
At 31st October 2024 1,367
At 31st October 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,986 7,952
Directors' loan accounts 6,440 6,152
15,426 14,104

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,456 8,208
Corporation tax 7,275 7,564
Paye and NI 126 130
Accrued expenses 1,200 1,201
17,057 17,103

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the amount due to the company from the director was £6,440 (2023: £6,152). There are no repayment terms in place.

9. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.