Zebra Mortgages Limited - Accounts to registrar (filleted) - small 18.2

Zebra Mortgages Limited - Accounts to registrar (filleted) - small 18.2

ZEBRA MORTGAGES LIMITED - Company Information

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REGISTERED NUMBER: 07052088 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2020

for

Zebra Mortgages Limited
Zebra Mortgages Limited (Registered number: 07052088)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Zebra Mortgages Limited

Company Information
for the Year Ended 31 December 2020







DIRECTORS: R Radford
D Palmer





REGISTERED OFFICE: 1 Union Street
Luton
Bedfordshire
LU1 3AN





REGISTERED NUMBER: 07052088 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU
Page 1
Zebra Mortgages Limited (Registered number: 07052088)

Abridged Balance Sheet
31 December 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35,763 66,826

CURRENT ASSETS
Debtors 51,088 53,590
Investments 100 100
Cash at bank and in hand 48,925 21,766
100,113 75,456
CREDITORS
Amounts falling due within one year 60,772 73,321
NET CURRENT ASSETS 39,341 2,135
TOTAL ASSETS LESS CURRENT
LIABILITIES
75,104
68,961

CREDITORS
Amounts falling due after more than one
year
6
45,159
46,668
NET ASSETS 29,945 22,293

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,845 22,193
29,945 22,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 notes form part of these financial statements

Page 2 continued...
Zebra Mortgages Limited (Registered number: 07052088)

Abridged Balance Sheet - continued
31 December 2020


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 December 2020 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 7 April 2021 and were signed on its behalf by:





R Radford - Director


The notes form part of these financial statements

Page 3
Zebra Mortgages Limited (Registered number: 07052088)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

Zebra Mortgages 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

Turnover from mortgage and protection business is recognised on completion of the product, for any other work undertaken turnover is recognised at the point the company obtains the right to consideration.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc. - 33% on cost, 25% on cost and 25% on reducing balance.

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.


Page 4 continued...
Zebra Mortgages Limited (Registered number: 07052088)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 6 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2020 98,235
Additions 791
Disposals (24,797 )
At 31 December 2020 74,229
DEPRECIATION
At 1 January 2020 31,409
Charge for year 17,519
Eliminated on disposal (10,462 )
At 31 December 2020 38,466
NET BOOK VALUE
At 31 December 2020 35,763
At 31 December 2019 66,826

Page 5 continued...
Zebra Mortgages Limited (Registered number: 07052088)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2020 69,987
Disposals (24,797 )
Transfer to ownership (45,190 )
At 31 December 2020 -
DEPRECIATION
At 1 January 2020 16,038
Charge for year 13,487
Eliminated on disposal (10,462 )
Transfer to ownership (19,063 )
At 31 December 2020 -
NET BOOK VALUE
At 31 December 2020 -
At 31 December 2019 53,949

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2020 2019
£    £   

Repayable by instalments
Bank loans more than 5 years
by instalments 12,187 -
12,187 -

7. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had entered into operating leases with an annual commitment of £11,000 expiring in March 2022.

Page 6