FINANCIAL PERIOD DATA REFRESH REQUIRED
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Registration number:
Dominic Younge Mortgages Limited
for the Period from 25 February 2025 to 31 March 2025
Dominic Younge Mortgages Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Statement of comprehensive income |
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Statement of financial position |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Statement of comprehensive income |
Dominic Younge Mortgages Limited
Company Information
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Director |
Mr Dominic Younge |
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Registered office |
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Accountants |
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Dominic Younge Mortgages Limited
Director's Report for the Period from 25 February 2025 to 31 March 2025
The director presents his report and the financial statements for the period from 25 February 2025 to 31 March 2025.
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is Mortgage advice
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Dominic Younge Mortgages Limited
for the Period Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dominic Younge Mortgages Limited for the period ended 31 March 2025 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the Board of Directors of Dominic Younge Mortgages Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dominic Younge Mortgages Limited and state those matters that we have agreed to state to the Board of Directors of Dominic Younge Mortgages Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dominic Younge Mortgages Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Dominic Younge Mortgages Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dominic Younge Mortgages Limited. You consider that Dominic Younge Mortgages Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Dominic Younge Mortgages Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Certified Accountants & Business Advisers
King's Lynn
Norfolk
PE30 1HB
Dominic Younge Mortgages Limited
Statement of comprehensive income
for the Period from 25 February 2025 to 31 March 2025
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Note |
2025 |
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Turnover |
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Cost of sales |
( |
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Gross profit |
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Administrative expenses |
( |
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Operating profit |
1,515 |
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Profit before tax |
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Tax on profit |
( |
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Profit for the financial period |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Dominic Younge Mortgages Limited
(Registration number: 16274925)
Statement of financial position as at 31 March 2025
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Note |
2025 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
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Retained earnings |
4 |
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Shareholders' funds |
5 |
For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Approved and authorised by the
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Dominic Younge Mortgages Limited
Statement of Changes in Equity for the Period from 25 February 2025 to 31 March 2025
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Share capital |
Retained earnings |
Total |
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Profit for the period |
- |
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Dividends |
- |
( |
( |
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New share capital subscribed |
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- |
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At 31 March 2025 |
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Dominic Younge Mortgages Limited
Notes to the Unaudited Financial Statements for the Period from 25 February 2025 to 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Dominic Younge Mortgages Limited
Notes to the Unaudited Financial Statements for the Period from 25 February 2025 to 31 March 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
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Debtors |
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Current |
2025 |
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Other debtors |
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Dominic Younge Mortgages Limited
Notes to the Unaudited Financial Statements for the Period from 25 February 2025 to 31 March 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
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Due within one year |
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Tax liability |
332 |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
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No. |
£ |
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100 |
Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.
Dominic Younge Mortgages Limited
Detailed Statement of comprehensive income for the Period from 25 February 2025 to 31 March 2025
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25 February 2025 to 31 March 2025 |
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turnover |
2,614 |
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Cost of sales |
(163) |
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Gross profit |
2,451 |
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Gross profit (%) |
93.76% |
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Administrative expenses |
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General administrative expenses |
936 |
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Operating profit |
1,515 |
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Profit before tax |
1,515 |
Dominic Younge Mortgages Limited
Detailed Statement of comprehensive income for the Period from 25 February 2025 to 31 March 2025
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2025 |
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Turnover |
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Sale of goods, UK |
2,614 |
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Cost of sales |
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Other costs |
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Purchases |
(163) |
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(163) |
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General administrative expenses |
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Motor expenses |
166 |
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Accountancy fees |
770 |
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936 |