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REGISTERED NUMBER: 13936000 (England and Wales)







Abridged Financial Statements for the Year Ended 31st March 2025

for

Lichfield Mortgages Limited

Lichfield Mortgages Limited (Registered number: 13936000)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Lichfield Mortgages Limited

Company Information
for the Year Ended 31st March 2025







DIRECTOR: Miss H L Cooper





REGISTERED OFFICE: 9 Greenhill
Lichfield
Staffordshire
WS13 6DY





REGISTERED NUMBER: 13936000 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Lichfield Mortgages Limited (Registered number: 13936000)

Abridged Balance Sheet
31st March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,493 12,488
Tangible assets 5 5,280 7,731
14,773 20,219

CURRENT ASSETS
Debtors 144,392 77,027
Cash at bank 2,885 938
147,277 77,965
CREDITORS
Amounts falling due within one year 71,190 20,655
NET CURRENT ASSETS 76,087 57,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,860

77,529

CREDITORS
Amounts falling due after more than one
year

50,000

50,000
NET ASSETS 40,860 27,529

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 40,859 27,528
40,860 27,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Lichfield Mortgages Limited (Registered number: 13936000)

Abridged Balance Sheet - continued
31st March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 23rd May 2025 and were signed by:





Miss H L Cooper - Director


Lichfield Mortgages Limited (Registered number: 13936000)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Lichfield Mortgages 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.

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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Lichfield Mortgages Limited (Registered number: 13936000)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2024
and 31st March 2025 13,875
AMORTISATION
At 1st April 2024 1,387
Amortisation for year 2,995
At 31st March 2025 4,382
NET BOOK VALUE

At 31st March 2025 9,493
At 31st March 2024 12,488

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2024
and 31st March 2025 11,300
DEPRECIATION
At 1st April 2024 3,569
Charge for year 2,451
At 31st March 2025 6,020
NET BOOK VALUE
At 31st March 2025 5,280
At 31st March 2024 7,731

6. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 8,504 -
Other loans 5,583 -
14,087 -

All of the loans are secured by a personal guarantee provided by the director, H L Cooper.