Clever Advice Mortgages Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11382408 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CLEVER ADVICE MORTGAGES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Kalayci

REGISTERED OFFICE:

114-116 Fore Street

Hertford

Hertfordshire

SG14 1AJ

REGISTERED NUMBER:

11382408 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

CURRENT ASSETS

Debtors

4

120,617

105,556

Cash at bank

11,856

17,434

132,473

122,990

CREDITORS

Amounts falling due within one year

5

132,396

121,447

NET CURRENT ASSETS

77

1,543

TOTAL ASSETS LESS CURRENT
LIABILITIES

77

1,543

CREDITORS

Amounts falling due after more than one
year

6

-

1,330

NET ASSETS

77

213

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

75

211

SHAREHOLDERS' FUNDS

77

213

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.

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 29 November 2025 and were signed by:

Mr A Kalayci - Director

1.	STATUTORY INFORMATION

Clever Advice Mortgages Ltd 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.

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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts and other sales taxes.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Other debtors

81,259

Accrued income

39,358

24,297

120,617

105,556

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Bank loans and overdrafts (see note 7)

1,530

2,007

Tax

39,273

31,400

Amounts due to related party

90,393

86,840

Accrued expenses

1,200

132,396

121,447

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.24

31.10.23

£

Bank loans (see note 7)

-

1,330

7.

LOANS

An analysis of the maturity of loans is given below:

31.10.24

31.10.23

£

Amounts falling due within one year or on demand:

Bank loans

1,530

2,007

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

1,330

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

£

2

Ordinary

1

2