IRIS Accounts Production v24.3.2.46 12314385 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123143852023-12-31123143852024-12-31123143852024-01-012024-12-31123143852022-12-31123143852023-01-012023-12-31123143852023-12-3112314385ns15:EnglandWales2024-01-012024-12-3112314385ns14:PoundSterling2024-01-012024-12-3112314385ns10:Director12024-01-012024-12-3112314385ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112314385ns10:SmallEntities2024-01-012024-12-3112314385ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3112314385ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3112314385ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112314385ns10:FullAccounts2024-01-012024-12-3112314385ns10:OrdinaryShareClass12024-01-012024-12-3112314385ns10:Director22024-01-012024-12-3112314385ns10:CompanySecretary12024-01-012024-12-3112314385ns10:RegisteredOffice2024-01-012024-12-3112314385ns5:CurrentFinancialInstruments2024-12-3112314385ns5:CurrentFinancialInstruments2023-12-3112314385ns5:ShareCapital2024-12-3112314385ns5:ShareCapital2023-12-3112314385ns5:RetainedEarningsAccumulatedLosses2024-12-3112314385ns5:RetainedEarningsAccumulatedLosses2023-12-3112314385ns5:FurnitureFittings2024-01-012024-12-3112314385ns5:ComputerEquipment2024-01-012024-12-3112314385ns5:FurnitureFittings2023-12-3112314385ns5:ComputerEquipment2023-12-3112314385ns5:FurnitureFittings2024-12-3112314385ns5:ComputerEquipment2024-12-3112314385ns5:FurnitureFittings2023-12-3112314385ns5:ComputerEquipment2023-12-3112314385ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112314385ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112314385ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 12314385 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RICHARD MERRETT MORTGAGES LTD

RICHARD MERRETT MORTGAGES LTD (REGISTERED NUMBER: 12314385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RICHARD MERRETT MORTGAGES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R J Merrett
D C Merrett





SECRETARY: R J Merrett





REGISTERED OFFICE: 12 Mattison Road
London
Greater London
United Kingdom
N4 1BD





REGISTERED NUMBER: 12314385 (England and Wales)





ACCOUNTANTS: Astbury Accountants Limited
12 Northgate
Bridgnorth
Shropshire
WV16 4ER

RICHARD MERRETT MORTGAGES LTD (REGISTERED NUMBER: 12314385)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 708 1,338

CURRENT ASSETS
Debtors 5 154 2,171
Cash at bank 14,074 54,294
14,228 56,465
CREDITORS
Amounts falling due within one year 6 2,741 47,007
NET CURRENT ASSETS 11,487 9,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,195

10,796

PROVISIONS FOR LIABILITIES 177 269
NET ASSETS 12,018 10,527

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 11,918 10,427
SHAREHOLDERS' FUNDS 12,018 10,527

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 7 April 2025 and were signed on its behalf by:



R J Merrett - Director


RICHARD MERRETT MORTGAGES LTD (REGISTERED NUMBER: 12314385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Richard Merrett Mortgages 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.

Sale of Services
The company provides the services of a mortgage broker. Turnover is recognised in the accounting period in which the services are rendered when the outcome of the contract can be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Financial instruments
(i) Cash and cash Equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, and bank overdrafts.

(ii) Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are stated at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

RICHARD MERRETT MORTGAGES LTD (REGISTERED NUMBER: 12314385)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 750 4,473 5,223
DEPRECIATION
At 1 January 2024 491 3,394 3,885
Charge for year 65 565 630
At 31 December 2024 556 3,959 4,515
NET BOOK VALUE
At 31 December 2024 194 514 708
At 31 December 2023 259 1,079 1,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 154 2,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,465 8,683
Other creditors 1,276 38,324
2,741 47,007

7. CALLED UP SHARE CAPITAL

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