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REGISTERED NUMBER: 09922244 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STANFORD MORTGAGE & FINANCIAL SERVICES
LIMITED

STANFORD MORTGAGE & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 09922244)

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


STANFORD MORTGAGE & FINANCIAL SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr N J Stanford
Mr A F Stanford
Ms N Zsigmond





SECRETARY: Mr N J Stanford





REGISTERED OFFICE: 23 High Street
Eastleigh
Hampshire
SO50 5LF





REGISTERED NUMBER: 09922244 (England and Wales)






STANFORD MORTGAGE & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 09922244)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 66,944 85,448
Cash at bank and in hand 1,920 2,629
68,864 88,077
CREDITORS
Amounts falling due within one year 6 78,628 57,228
NET CURRENT (LIABILITIES)/ASSETS (9,764 ) 30,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,764

)

30,849

CREDITORS
Amounts falling due after more than one
year

7

23,333

28,333
NET (LIABILITIES)/ASSETS (33,097 ) 2,516

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (33,197 ) 2,416
SHAREHOLDERS' FUNDS (33,097 ) 2,516

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr N J Stanford - Director


STANFORD MORTGAGE & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 09922244)

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


1. STATUTORY INFORMATION

Stanford Mortgage & Financial Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements prepared cover the period from 1 May 2023 to 30 April 2024. This is within seven days of the company's accounting reference date of 29 April 2024, as permitted under Section 390 of the Companies Act 2006.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable 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.

STANFORD MORTGAGE & FINANCIAL SERVICES
LIMITED (REGISTERED NUMBER: 09922244)

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


3. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 66,944 85,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors - 36
Taxation and social security 44,975 26,915
Other creditors 28,653 25,277
78,628 57,228

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 23,333 28,333

Bank loans include £28,333 (2023: £33,333) borrowed under the Bounce Back Loan Scheme. £5,000 (2023: £5,000) is included in creditors amounts falling due within one year and £23,333 (2023: £28,333) is included in creditors amounts falling due after more than one year. The Bounce Back Loan Scheme provides the lender with a government-backed guarantee against the outstanding facility balance.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £130,000 (2023: £151,426).This amount is in relation to operating lease commitments which are payable over the next 7 years (2023: 8 years). The Director, Mr N J Stanford, has given a personal guarantee in connection with £130,000 (2023: £150,000) of these operating lease commitments.