Gretton_Peck_Mortgage_Services_Limited_31_Mar_2023_companies_house_set_of

Company registration number:

11824829

Gretton Peck Mortgage Services Limited

Unaudited Filleted Financial Statements for the year ended

31 March 2023

Gretton Peck Mortgage Services Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Gretton Peck Mortgage Services Limited

Year ended

31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements

of

Gretton Peck Mortgage Services Limited

for the year ended

31 March 2023

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

Gretton Peck Mortgage Services Limited

, as a body, in accordance with the terms of my engagement letter dated 13 February 2019. My work has been undertaken solely to prepare for your approval the

financial statements

of

Gretton Peck Mortgage Services Limited

and state those matters that I have agreed to state to the Board of Directors of

Gretton Peck Mortgage Services Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than

Gretton Peck Mortgage Services Limited

and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that

Gretton Peck Mortgage Services Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

Gretton Peck Mortgage Services Limited

. You consider that

Gretton Peck Mortgage Services Limited

is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Gretton Peck Mortgage Services Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Gordon & Co

Chartered Accountants and Business Advisors

37A Anchor Road

Aldridge

Walsall

West Midlands

WS9 8PT

United Kingdom

Date:

9 October 2023

Gretton Peck Mortgage Services Limited

Statement of Financial Position

31 March 2023

		2023		2022
	Note	£		£
Fixed assets
Tangible assets	5	181		361
Current assets
Cash at bank and in hand		47,177		47,844
Creditors: amounts falling due within one year	6	(6,021	)	(7,056	)
Net current assets		41,156		40,788
Total assets less current liabilities		41,337		41,149
Capital and reserves
Called up share capital		100		100
Profit and loss account		41,237		41,049
Shareholders funds		41,337		41,149

For the year ending

31 March 2023

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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 income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

9 October 2023

, and are signed on behalf of the board by:

Paul Thomas

Director

Company registration number:

11824829

Gretton Peck Mortgage Services Limited

Notes to the Financial Statements

Year ended

31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

37A Anchor Road

,

Aldridge

,

Walsall

,

West Midlands

,

WS9 8PT

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment

25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4 Average number of employees

The average number of persons employed by the company during the year was

2

(2022:

2.00

).

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2022 and 31 March 2023	722
Depreciation
At 1 April 2022	361
Charge	180
At 31 March 2023	541
Carrying amount
At 31 March 2023	181
At 31 March 2022	361

6 Creditors: amounts falling due within one year

	2023	2022
	£	£
Taxation and social security	3,774	5,442
Other creditors	2,247	1,614
	6,021	7,056

7 Related party transactions

At 31 March 2023, the company owed £632 (2022: £77) to the company directors, Paul and Toni Thomas. No interest was charged on the balance. The balance was cleared following the year end. The directors received a dividend of £15,000 (2022: £31,000) during the financial year which was credited to the directors' current account.

Gretton_Peck_Mortgage_Services_Limited_31_Mar_2023_companies_house_set_of_accounts.html