REGISTERED NUMBER: 08882168 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

R & J Mortgages Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Marrion

Mrs J Marrion

REGISTERED OFFICE:

1 The Haven

Truro

Cornwall

TR1 3FQ

REGISTERED NUMBER:

08882168 (England and Wales)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Tangible assets

4

4,491

5,678

CURRENT ASSETS

Stocks

11,601

13,316

Debtors

33,780

38,850

Cash at bank

316

1,056

45,697

53,222

CREDITORS

Amounts falling due within one year

25,111

33,346

NET CURRENT ASSETS

20,586

19,876

TOTAL ASSETS LESS CURRENT LIABILITIES

25,077

25,554

CREDITORS

Amounts falling due after more than one year

12,037

14,815

NET ASSETS

13,040

10,739

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

13,038

10,737

SHAREHOLDERS' FUNDS

13,040

10,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

R Marrion - Director

1.	STATUTORY INFORMATION

R & J 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 10% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

13,915

DEPRECIATION

At 1 April 2024

8,237

Charge for year

1,187

At 31 March 2025

9,424

NET BOOK VALUE

At 31 March 2025

4,491

At 31 March 2024

5,678

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

R Marrion

Balance outstanding at start of year

19,425

17,290

Amounts advanced

16,890

19,425

Amounts repaid

(19,425

)

(17,290

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,890

19,425

Mrs J Marrion

Balance outstanding at start of year

19,425

17,290

Amounts advanced

16,890

19,425

Amounts repaid

(19,425

)

(17,290

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,890

19,425