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
OD Mortgages Ltd
Company Information
for the year ended 30 November 2024
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
OD Mortgages Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
15,629
22,816
Cash at bank and in hand
30,512
17,673
Creditors: amounts falling due within one year
(21,564)
(5,249)
Net current assets
22,375
13,948
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
OD Mortgages Ltd
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 30 November 2024
13,349
2,280
15,629
At 30 November 2023
19,045
3,771
22,816
Amounts falling due within one year
Other debtors
12,227
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
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).