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REGISTERED NUMBER: 04311930 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AMAC MORTGAGES LIMITED

AMAC MORTGAGES LIMITED (REGISTERED NUMBER: 04311930)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMAC MORTGAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr A Mcpherson





SECRETARY: Mr M Hayman





REGISTERED OFFICE: Unit 1 Beta Centre
262 Ringwood Road
Poole
Dorset
BH14 0RS





REGISTERED NUMBER: 04311930 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

AMAC MORTGAGES LIMITED (REGISTERED NUMBER: 04311930)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,435 8,188

CURRENT ASSETS
Debtors 5 98,404 98,833
Cash at bank and in hand 12,552 9,754
110,956 108,587
CREDITORS
Amounts falling due within one year 6 76,879 52,483
NET CURRENT ASSETS 34,077 56,104
TOTAL ASSETS LESS CURRENT LIABILITIES 41,512 64,292

CREDITORS
Amounts falling due after more than one year 7 (7,427 ) (17,427 )

PROVISIONS FOR LIABILITIES (1,838 ) -
NET ASSETS 32,247 46,865

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,147 46,765
32,247 46,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AMAC MORTGAGES LIMITED (REGISTERED NUMBER: 04311930)

BALANCE SHEET - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





Mr A Mcpherson - Director


AMAC MORTGAGES LIMITED (REGISTERED NUMBER: 04311930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Amac Mortgages Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the value of work performed during the year with respect to services.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, excluding discounts, and is shown net of VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

AMAC MORTGAGES LIMITED (REGISTERED NUMBER: 04311930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 37,008
Additions 1,228
At 31 October 2024 38,236
DEPRECIATION
At 1 November 2023 28,820
Charge for year 1,981
At 31 October 2024 30,801
NET BOOK VALUE
At 31 October 2024 7,435
At 31 October 2023 8,188

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 98,404 98,833

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,664 25,288
Trade creditors 7,592 7,590
Taxation and social security 32,469 18,058
Other creditors 7,154 1,547
76,879 52,483

AMAC MORTGAGES LIMITED (REGISTERED NUMBER: 04311930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,427 17,427

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr A Mcpherson
Balance outstanding at start of year 73,086 111,509
Amounts advanced 87,023 82,183
Amounts repaid (82,595 ) (120,606 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,514 73,086

The above loan is unsecured and repayable on demand. Interest is charged at 2.5%.