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Registered number: 12685079
Csw Mortgages Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12685079
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,480 221
1,480 221
CURRENT ASSETS
Debtors 5 26,389 36,921
Cash at bank and in hand 3,102 12,429
29,491 49,350
Creditors: Amounts Falling Due Within One Year 6 (33,767 ) (37,952 )
NET CURRENT ASSETS (LIABILITIES) (4,276 ) 11,398
TOTAL ASSETS LESS CURRENT LIABILITIES (2,796 ) 11,619
PROVISIONS FOR LIABILITIES
Deferred Taxation (111 ) (42 )
NET (LIABILITIES)/ASSETS (2,907 ) 11,577
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account (3,107 ) 11,377
SHAREHOLDERS' FUNDS (2,907) 11,577
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Cheshire
Director
11/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Csw Mortgages Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12685079 . The registered office is 10 Chapel Street Pontnewydd, Cwmbran, NP44 1DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 - 1,138 1,138
Additions 600 1,536 2,136
As at 30 June 2024 600 2,674 3,274
Depreciation
As at 1 July 2023 - 917 917
Provided during the period 150 727 877
As at 30 June 2024 150 1,644 1,794
Net Book Value
As at 30 June 2024 450 1,030 1,480
As at 1 July 2023 - 221 221
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 13,087 10,666
Other debtors 7,063 5,389
Directors' loan accounts 6,239 20,866
26,389 36,921
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 670 -
Corporation tax - (78 )
Other taxes and social security 15,665 19,476
Other creditors 14,663 16,096
Accruals and deferred income 1,140 1,141
Directors' loan accounts 1,629 1,317
33,767 37,952
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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8. Directors Advances, Credits and Guarantees
The followings advances and credits to directors subsisted during the year.
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Gareth Cheshire 10,841 1,215 (8,329 ) - 3,728
Mr Stephen Sage 10,025 251 (7,765 ) - 2,511
Ms Kelly Williams (1,317 ) - (312 ) - (1,629 )
The above loans are unsecured  and repayable on demand.
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