Registered number
09024108
Dee Mortgages Ltd
Unaudited Filleted Accounts
30 November 2024
Dee Mortgages Ltd
Registered number: 09024108
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,710 8,642
Tangible assets 4 107,999 100,910
115,709 109,552
Current assets
Debtors 5 109,709 108,126
Cash at bank and in hand 98,294 83,440
208,003 191,566
Creditors: amounts falling due within one year 6 (108,894) (92,913)
Net current assets 99,109 98,653
Total assets less current liabilities 214,818 208,205
Creditors: amounts falling due after more than one year 7 - (16,186)
Net assets 214,818 192,019
Capital and reserves
Called up share capital 1 1
Profit and loss account 214,817 192,018
Shareholders' funds 214,818 192,019
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs D Johnston
Director
Approved by the board on 5 June 2025
Dee Mortgages Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 22
3 Intangible fixed assets £
Cost
At 1 December 2023 9,324
At 30 November 2024 9,324
Amortisation
At 1 December 2023 682
Provided during the year 932
At 30 November 2024 1,614
Net book value
At 30 November 2024 7,710
At 30 November 2023 8,642
Intangible assets are being written off over the length of the lease, which is 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 69,180 22,363 16,399 107,942
Additions - 19,894 - 19,894
At 30 November 2024 69,180 42,257 16,399 127,836
Depreciation
At 1 December 2023 2,822 3,937 273 7,032
Charge for the year 6,918 2,607 3,280 12,805
At 30 November 2024 9,740 6,544 3,553 19,837
Net book value
At 30 November 2024 59,440 35,713 12,846 107,999
At 30 November 2023 66,358 18,426 16,126 100,910
5 Debtors 2024 2023
£ £
Other debtors 109,709 108,126
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,786 -
Taxation and social security costs 57,447 72,489
Other creditors 37,661 20,424
108,894 92,913
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 16,186
8 Other information
Dee Mortgages Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Friarsgate Grosvenor Street
Chester
CH1 1XG
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