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Registered Number: 06063584


 

 

 

NEXUS MORTGAGE SERVICES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Report to the directors on the preparation of the unaudited statutory accounts of Nexus Mortgage Services Ltd for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nexus Mortgage Services Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Nexus Mortgage Services Ltd, as a body, in accordance with the terms of our engagement letter dated Our work has been undertaken solely to prepare for your approval the accounts of Nexus Mortgage Services Ltd and state those matters that we have agreed to state to the Board of Directors of Nexus Mortgage Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nexus Mortgage Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Nexus Mortgage Services Ltd 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 Nexus Mortgage Services Ltd. You consider that Nexus Mortgage Services Ltd 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 Nexus Mortgage Services Ltd. 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
31 August 2024



....................................................
Potter and Co Accountants Ltd
27 Doubleday Road
Loughton
Essex
IG10 2AU
30 January 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,898    3,798 
2,898    3,798 
Current assets      
Debtors 244,879    230,928 
Cash at bank and in hand 316,980    340,679 
561,859    571,607 
Creditors: amount falling due within one year (21,468)   (49,057)
Net current assets 540,391    522,550 
 
Total assets less current liabilities 543,289    526,348 
Creditors: amount falling due after more than one year (16,875)   (17,817)
Net assets 526,414    508,531 
 

Capital and reserves
     
Called up share capital 1,010    1,010 
Profit and loss account 525,404    507,521 
Shareholders' funds 526,414    508,531 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 January 2025 and were signed on its behalf by:


-------------------------------
Rahul Shah
Director
2
General Information
Nexus Mortgage Services Ltd is a private company, limited by shares, registered in , registration number 06063584, registration address 71-75 Shelton Street, London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 September 2023 18,500    1,718    2,504    22,722 
Additions   860      860 
Disposals      
At 31 August 2024 18,500    2,578    2,504    23,582 
Depreciation
At 01 September 2023 16,333    1,053    2,398    19,784 
Charge for year 541    338    21    900 
On disposals      
At 31 August 2024 16,874    1,391    2,419    20,684 
Net book values
Closing balance as at 31 August 2024 1,626    1,187    85    2,898 
Opening balance as at 01 September 2023 2,167    1,525    106    3,798 


3