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REGISTERED NUMBER: 06585639 (England and Wales)
















HQ. Mortgage & Finance Limited

Unaudited Financial Statements for the Year Ended 30 June 2016






HQ. Mortgage & Finance Limited (Registered number: 06585639)







Contents of the Financial Statements

for the Year Ended 30 June 2016





Page



Company Information  

1



Abridged Statement of Financial Position  

2



Notes to the Financial Statements  

4




HQ. Mortgage & Finance Limited


Company Information

for the Year Ended 30 June 2016









DIRECTORS:

T Quinn-Thomas


Miss H Watters





REGISTERED OFFICE:

4 King Square


Bridgwater


Somerset


TA6 3YF





REGISTERED NUMBER:

06585639 (England and Wales)





ACCOUNTANTS:

Maxwells


Chartered Accountants


4 King Square


Bridgwater


Somerset


TA6 3YF





BANKERS:

National Westminster Bank plc


47 North Street


Taunton


Somerset


TA1 1NB


HQ. Mortgage & Finance Limited (Registered number: 06585639)


Abridged Statement of Financial Position

30 June 2016



30.6.16

30.6.15



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

4,550


4,436




CURRENT ASSETS

Debtors

26,413


18,953



Cash at bank and in hand

48,681


30,415



75,094


49,368



CREDITORS

Amounts falling due within one year

60,099


47,803



NET CURRENT ASSETS

14,995


1,565



TOTAL ASSETS LESS CURRENT

LIABILITIES

19,545


6,001




PROVISIONS FOR LIABILITIES

910


887



NET ASSETS

18,635


5,114




CAPITAL AND RESERVES

Called up share capital

5

1,000


1,000



Retained earnings

17,635


4,114



SHAREHOLDERS' FUNDS

18,635


5,114




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.


HQ. Mortgage & Finance Limited (Registered number: 06585639)


Abridged Statement of Financial Position - continued

30 June 2016



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.  


All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2016 in accordance with Section 444(2A) of the Companies Act 2006.  


In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.  


The financial statements were approved by the Board of Directors on 2 November 2016 and were signed on its behalf

by:






T Quinn-Thomas - Director



HQ. Mortgage & Finance Limited (Registered number: 06585639)


Notes to the Financial Statements

for the Year Ended 30 June 2016


1.

STATUTORY INFORMATION



HQ. Mortgage & Finance 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.

STATEMENT OF COMPLIANCE



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.






3.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements have been prepared under the historical cost convention.



These financial statements for the year ended 30 June 2016 are the first financial statements that comply with


FRS 102. The date of transition is 1 July 2014



The transition to FRS 102 has resulted in some changes to the accounting policies to those previously used by the


entity. The nature of these changes and their impact on opening equity and profit for the comparative year are


explained in the financial statements.



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.




Land and buildings

-

over life of lease


Plant and machinery etc

-

25% on reducing balance



Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.


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.


HQ. Mortgage & Finance Limited (Registered number: 06585639)


Notes to the Financial Statements - continued

for the Year Ended 30 June 2016


4.

TANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 July 2015

11,900




Additions

1,718




At 30 June 2016

13,618




DEPRECIATION


At 1 July 2015

7,464




Charge for year

1,604




At 30 June 2016

9,068




NET BOOK VALUE


At 30 June 2016

4,550




At 30 June 2015

4,436




5.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

30.6.16


30.6.15


value:

£   

£   



1,000

Ordinary

£1

1,000


1,000