2023-09-012024-08-312024-08-31false10915125LGE MORTGAGE SOLUTIONS 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LGE MORTGAGE SOLUTIONS LTD

Registered Number
10915125
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

LGE MORTGAGE SOLUTIONS LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

HURST, Dean Barry
HURST, Joanna Wynne

Registered Address

C/O Xeinadin First Floor Secure House
Lulworth Close
Chandler's Ford
SO53 3TL

Registered Number

10915125 (England and Wales)
LGE MORTGAGE SOLUTIONS LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,3642,305
2,3642,305
Current assets
Debtors-5,338
Cash at bank and on hand21,82118,970
21,82124,308
Creditors amounts falling due within one year4(22,482)(25,611)
Net current assets (liabilities)(661)(1,303)
Total assets less current liabilities1,7031,002
Net assets1,7031,002
Capital and reserves
Called up share capital1,0021,002
Profit and loss account701-
Shareholders' funds1,7031,002
The financial statements were approved and authorised for issue by the Board of Directors on 7 November 2024, and are signed on its behalf by:
HURST, Dean Barry
Director
Registered Company No. 10915125
LGE MORTGAGE SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 September 234,3604,360
Additions799799
At 31 August 245,1595,159
Depreciation and impairment
At 01 September 232,0552,055
Charge for year740740
At 31 August 242,7952,795
Net book value
At 31 August 242,3642,364
At 31 August 232,3052,305
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties1,877-
Taxation and social security18,30723,891
Accrued liabilities and deferred income2,2981,720
Total22,48225,611
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Guarantees provided on behalf of directors
Mr D Hurst - £1,877.11