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Sherborne Mortgages Limited

Registered Number
10123644
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2025

Sherborne Mortgages Limited
Company Information
for the year from 1 May 2024 to 30 April 2025

Director | Johanna Elizabeth Kemp

Registered Address | 1 Park Gardens
| Yeovil
| BA20 1DW

Registered Number | 10123644 (England and Wales)

Sherborne Mortgages Limited
Balance Sheet as at
30 April 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 1,344 |  |  |  | 1,791
|  |  |  | 1,344 |  |  |  | 1,791
Current assets |  |  |  |  |  |  |  |
Debtors | 4 | 12,024 |  |  |  | 12,045 |  |
Cash at bank and on hand |  | 11,058 |  |  |  | 12,478 |  |
|  | 23,082 |  |  |  | 24,523 |  |
Creditors amounts falling due within one year | 5 | (13,233) |  |  |  | (12,387) |  |
Net current assets (liabilities) |  |  |  | 9,849 |  |  |  | 12,136
Total assets less current liabilities |  |  |  | 11,193 |  |  |  | 13,927
Creditors amounts falling due after one year | 6 |  |  | (10,823) |  |  |  | (13,473)
Provisions for liabilities |  |  |  | (255) |  |  |  | (340)
Net assets |  |  |  | 115 |  |  |  | 114
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 110 |  |  |  | 110
Profit and loss account |  |  |  | 5 |  |  |  | 4
Shareholders' funds |  |  |  | 115 |  |  |  | 114

- The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
- The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 12 January 2026, and are signed on its behalf by:
Johanna Elizabeth Kemp Director Registered Company No. 10123644

Sherborne Mortgages Limited
Notes to the Financial Statements
for the year ended 30 April 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Revenue from rendering of services
--- | ---
| Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

| Operating leases
--- | ---
| Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

| Employee benefits
--- | ---
| Contributions to defined contribution plans are expensed in the period to which they relate.

| Deferred tax
--- | ---
| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Fixtures and fittings | 25
| Office Equipment | 25

2. | Average number of employees
--- | ---
| The following average number of employees includes the Director.

|  | 2025 |  | 2024
| Average number of employees during the year | 1 |  | 1

3. | Tangible fixed assets
--- | ---

|  | Total
--- | --- | ---
|  | £
| Cost or valuation
| At 01 May 24 | 7,227
| At 30 April 25 | 7,227
| Depreciation and impairment
| At 01 May 24 | 5,436
| Charge for year | 447
| At 30 April 25 | 5,883
| Net book value
| At 30 April 25 | 1,344
| At 30 April 24 | 1,791

4. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 5,988 |  | 11,306
| Amounts owed by associates and joint ventures / participating interests | 4,513 |  | 739
| Other debtors | 1,523 |  | -
| Total | 12,024 |  | 12,045

| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

5. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 2,650 |  | 2,650
| Taxation and social security | 8,370 |  | 8,349
| Accrued liabilities and deferred income | 2,213 |  | 1,388
| Total | 13,233 |  | 12,387

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 10,823 |  | 13,473
| Total | 10,823 |  | 13,473