1 February 2024 false No description of principal activity Taxfiler 2024.6 09965328 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09965328 2024-01-31 09965328 2024-02-01 2025-01-31 09965328 business:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09965328 business:AbridgedAccounts 2024-02-01 2025-01-31 09965328 2025-01-31 09965328 2024-01-31 09965328 core:WithinOneYear 2025-01-31 09965328 core:WithinOneYear 2024-01-31 09965328 core:ShareCapital core:PreviouslyStatedAmount 2025-01-31 09965328 core:ShareCapital core:PreviouslyStatedAmount 2024-01-31 09965328 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 09965328 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-31 09965328 core:PreviouslyStatedAmount 2025-01-31 09965328 core:PreviouslyStatedAmount 2024-01-31 09965328 business:SmallEntities 2024-02-01 2025-01-31 09965328 business:Director1 2024-02-01 2025-01-31 09965328 countries:EnglandWales 2024-02-01 2025-01-31 09965328 core:FurnitureFittings 2024-02-01 2025-01-31 09965328 core:ComputerEquipment 2024-02-01 2025-01-31 09965328 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
High Class Mortgage Solutions Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,084
5,853
Current assets
Debtors
1,296
420
Cash at bank and in hand
62,865
66,774
64,161
67,194
Creditors: amounts falling due within one year
(9,161)
(11,542)
Net current assets
55,000
55,652
Total assets less current liabilities
60,084
61,505
Provisions for liabilities
Deferred tax
(966)
(1,112)
Net assets
59,118
60,393
Capital and reserves
Called up share capital
1
1
Profit and loss account
59,117
60,392
Shareholders' funds
59,118
60,393
For the year ending 31 January 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 28 October 2025 and were signed on its behalf by
David Alan Irving Director Company Registration No. 09965328
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High Class Mortgage Solutions Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
High Class Mortgage Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09965328.
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
These financial statements for the year ended 31 January 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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
15% On Reducing Balance
Computer equipment
33% On Straight Line Cost
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 February 2024
14,313
Additions
726
At 31 January 2025
15,039
Depreciation
At 1 February 2024
8,460
Charge for the year
1,495
At 31 January 2025
9,955
Net book value
At 31 January 2025
5,084
At 31 January 2024
5,853
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High Class Mortgage Solutions Ltd Notes to the Accounts for the year ended 31 January 2025
5
Average number of employees
During the year the average number of employees was 3 (2024: 2).
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