One 2 One Mortgage Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08128775 (England and Wales)

ONE 2 ONE MORTGAGE SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Taylor

N J James

REGISTERED OFFICE:

5 Commercial Street

Pontypool

Gwent

NP4 6JJ

REGISTERED NUMBER:

08128775 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,537

2,934

8,537

2,934

CURRENT ASSETS

Debtors

6

13,307

-

Cash at bank

70,439

74,197

83,746

74,197

CREDITORS

Amounts falling due within one year

7

39,984

32,478

NET CURRENT ASSETS

43,762

41,719

TOTAL ASSETS LESS CURRENT LIABILITIES

52,299

44,653

CREDITORS

Amounts falling due after more than one year

8

(2,509

)

(2,858

)

PROVISIONS FOR LIABILITIES

(984

)

(557

)

NET ASSETS

48,806

41,238

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

48,706

41,138

SHAREHOLDERS' FUNDS

48,806

41,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors on 6th March 2020 and were signed on its behalf by:

M Taylor - Director

1.	STATUTORY INFORMATION

One 2 One Mortgage Solutions Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss,

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2019

and 31st December 2019

60,000

AMORTISATION

At 1st January 2019

and 31st December 2019

60,000

NET BOOK VALUE

At 31st December 2019

-

At 31st December 2018

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st January 2019

-

5,432

-

5,432

Additions

3,360

1,334

1,907

6,601

At 31st December 2019

3,360

6,766

1,907

12,033

DEPRECIATION

At 1st January 2019

-

2,498

-

2,498

Charge for year

-

754

244

998

At 31st December 2019

-

3,252

244

3,496

NET BOOK VALUE

At 31st December 2019

3,360

3,514

1,663

8,537

At 31st December 2018

-

2,934

-

2,934

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

13,307

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

31,814

28,870

Social security and other taxes

3,850

-

Other creditors

-

8

Accruals and deferred income

4,320

3,600

39,984

32,478

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Directors' loan accounts

2,509

2,858

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

10.	RELATED PARTY DISCLOSURES

The directors current account balances at the year end were as follows:

M Taylor - £2,137 (2018 - £1,987)

N J James - £372 (2018 - £871)