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SARAH GRACE MORTGAGES LIMITED

Registered Number
09839864
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

SARAH GRACE MORTGAGES LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

GRACE, Sarah Jane

Registered Address

East Barn
Chedglow
Malmesbury
SN16 9EZ

Registered Number

09839864 (England and Wales)
SARAH GRACE MORTGAGES LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets324,00036,000
Tangible assets410,40516,339
34,40552,339
Current assets
Debtors39,71720,272
Cash at bank and on hand138,046107,832
177,763128,104
Creditors amounts falling due within one year5(42,502)(9,963)
Net current assets (liabilities)135,261118,141
Total assets less current liabilities169,666170,480
Creditors amounts falling due after one year6(16,515)(26,612)
Provisions for liabilities7(1,977)(3,104)
Net assets151,174140,764
Capital and reserves
Called up share capital200200
Profit and loss account150,974140,564
Shareholders' funds151,174140,764
The financial statements were approved and authorised for issue by the Director on 18 June 2025, and are signed on its behalf by:
GRACE, Sarah Jane
Director
Registered Company No. 09839864
SARAH GRACE MORTGAGES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

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.
Revenue from rendering of services
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.
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:

Straight line (years)
Fixtures and fittings4
Office Equipment4
2.Average number of employees

20252024
Average number of employees during the year43
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 24120,000120,000
At 31 March 25120,000120,000
Amortisation and impairment
At 01 April 2484,00084,000
Charge for year12,00012,000
At 31 March 2596,00096,000
Net book value
At 31 March 2524,00024,000
At 31 March 2436,00036,000
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 2430,6818,01938,700
Additions-2,2092,209
At 31 March 2530,68110,22840,909
Depreciation and impairment
At 01 April 2415,1947,16722,361
Charge for year7,3537908,143
At 31 March 2522,5477,95730,504
Net book value
At 31 March 258,1342,27110,405
At 31 March 2415,48785216,339
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables4,3414,240
Taxation and social security35,2812,843
Accrued liabilities and deferred income2,8802,880
Total42,5029,963
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.
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts16,51526,612
Total16,51526,612
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)1,9773,104
Total1,9773,104