Invicta Mortgages Ltd
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Directors Report |
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for the Period Ended 31 March 2021 |
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The directors present their report with the financial statements of the company for the |
period ended 31 March 2021 |
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Principal activities |
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The principal activity of the company in the period under review was |
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Letting and management of residential properties on behalf of landlords
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Directors |
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The director(s) shown below have held office during the whole of the period |
Paul Emery
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Peter Emery
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Company policy on the employment of disabled persons |
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It is the companys policy to give employment to disabled persons wherever practicable.
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Small Company Provisions |
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These accounts have been prepared in accordance with the provisions applicable to |
companies subject to the small companies regime. |
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This report was approved by the board of directors on |
2021-11-30
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and signed on behalf of the board by |
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Name |
Paul Emery |
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Status |
Director |
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Page 4 |
Invicta Mortgages Ltd
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Profit and Loss Account |
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for the Period Ended 31 March 2021 |
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2021 |
2020 |
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Notes |
£ |
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Turnover |
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2 |
113,900
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105,272
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Gross Profit/(Loss) |
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113,900
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105,272
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Distribution costs |
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5,872
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3,834
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Administrative expenses |
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66,360
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75,793
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Operating costs |
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72,232 |
79,627 |
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Operating Profit/(Loss) |
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3 |
41,668
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25,645
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Interest receivable and similar |
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3,570
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3,664
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Net Finance income/(Loss) |
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3,570 |
3,664 |
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Profit/(Loss) on ordinary activities before taxation |
45,238
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29,309
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Tax on profit on ordinary activities |
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4 |
12,785
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5,568
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Profit/(Loss) for the financial period after taxation |
32,453
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23,741
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There were no recognised gains or losses other than the profit/(loss) shown attributable to the |
shareholders for the period ended 31 March 2021 |
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The notes form part of these financial statements |
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Page 5 |
Invicta Mortgages Ltd
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Balance Sheet |
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for the Period Ended 31 March 2021 |
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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The financial statements were approved by the Board of Directors on |
2021-11-30
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SIGNED ON BEHALF OF THE BOARD BY |
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Name |
Paul Emery |
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The notes form part of these financial statements |
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Average number of employees during period |
6
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Page 7 |
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Invicta Mortgages Ltd
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Notes to the Financial Statements |
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for the Period Ended 31 March 2021 |
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1. Accounting policies |
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Basis of preparation |
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The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
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Turnover |
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The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.Long-term and ongoing contracts turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.
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Tangible fixed assets Depreciation |
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
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Office equipment |
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18% pa
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Page 8 |
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Invicta Mortgages Ltd
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Notes to the Financial Statements |
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for the Period Ended 31 March 2021 |
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2. Turnover |
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2021 |
2020 |
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£ |
£ |
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United Kingdom |
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113,900 |
105,272 |
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Total |
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113,900
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105,272
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3. Operating profit/(loss) |
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2021 |
2020 |
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Profit before tax as stated after charging the following |
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Depreciation - owned assets |
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1,061
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Profit/(Loss) on disposal of fixed assets |
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(22,050) |
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4. Taxation |
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The tax charge on the profit on ordinary activities |
2021 |
2020 |
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for the period was as follows |
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£ |
£ |
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UK Corporation Tax net of reliefs |
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12,785
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5,568
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Tax on profit on ordinary activities |
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12,785
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5,568
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5. Dividends |
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2021 |
2020 |
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£ |
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Dividend on ordinary shares paid in period |
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40,000
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26,000
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Page 9 |
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