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Company Registration No. 13013848 (England and Wales)
OD Mortgages Ltd Filleted accounts for the year ended 30 November 2024
OD Mortgages Ltd Filleted accounts Contents
Page
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OD Mortgages Ltd Company Information for the year ended 30 November 2024
Director
Omar Farook Daud
Company Number
13013848 (England and Wales)
Registered Office
28 Cloughton Road Hamilton Leicester LE5 1GR
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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OD Mortgages Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,629 
22,816 
Current assets
Debtors
13,427 
1,524 
Cash at bank and in hand
30,512 
17,673 
43,939 
19,197 
Creditors: amounts falling due within one year
(21,564)
(5,249)
Net current assets
22,375 
13,948 
Net assets
38,004 
36,764 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
38,003 
36,763 
Shareholders' funds
38,004 
36,764 
For the year ending 30 November 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 July 2025 and were signed on its behalf by
Omar Farook Daud Director Company Registration No. 13013848
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OD Mortgages Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
OD Mortgages Ltd is a private company, limited by shares, registered in England and Wales, registration number 13013848. The registered office is 28 Cloughton Road, Hamilton, Leicester, LE5 1GR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
33.33% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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OD Mortgages Ltd Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
22,783 
4,473 
27,256 
At 30 November 2024
22,783 
4,473 
27,256 
Depreciation
At 1 December 2023
3,738 
702 
4,440 
Charge for the year
5,696 
1,491 
7,187 
At 30 November 2024
9,434 
2,193 
11,627 
Net book value
At 30 November 2024
13,349 
2,280 
15,629 
At 30 November 2023
19,045 
3,771 
22,816 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,200 
- 
Other debtors
12,227 
1,524 
13,427 
1,524 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,848 
2,640 
Taxes and social security
9,014 
1,933 
Other creditors
10,001 
- 
Accruals
701 
676 
21,564 
5,249 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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