One 2 One Mortgage Solutions Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 08128775 (England and Wales)

ONE 2 ONE MORTGAGE SOLUTIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Taylor

N James

REGISTERED OFFICE:

7 The Arcade

Cwmbran

Torfaen

NP44 1PQ

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

2,483

1,322

2,483

1,322

CURRENT ASSETS

Cash at bank

35,572

21,701

CREDITORS

Amounts falling due within one year

6

16,880

11,542

NET CURRENT ASSETS

18,692

10,159

TOTAL ASSETS LESS CURRENT LIABILITIES

21,175

11,481

CREDITORS

Amounts falling due after more than one year

7

(2,923

)

(2,993

)

PROVISIONS FOR LIABILITIES

(497

)

(265

)

NET ASSETS

17,755

8,223

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

17,655

8,123

SHAREHOLDERS' FUNDS

17,755

8,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7th March 2017 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 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 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

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2016

and 31st December 2016

60,000

AMORTISATION

At 1st January 2016

and 31st December 2016

60,000

NET BOOK VALUE

At 31st December 2016

-

At 31st December 2015

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st January 2016

1,909

Additions

1,782

At 31st December 2016

3,691

DEPRECIATION

At 1st January 2016

587

Charge for year

621

At 31st December 2016

1,208

NET BOOK VALUE

At 31st December 2016

2,483

At 31st December 2015

1,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Tax

13,492

9,742

Other creditors

1,228

-

Accruals and deferred income

2,160

1,800

16,880

11,542

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Directors' loan accounts

2,923

2,993

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1st January 2016

8,123

Profit for the year

53,411

Dividends

(43,879

)

At 31st December 2016

17,655

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY