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Company Registration No. 10758670 (England and Wales)
My Mortgage Consultant Limited Filleted Financial Statements for the year ended 31 March 2023
My Mortgage Consultant Limited Filleted Financial Statements Contents
Page
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My Mortgage Consultant Limited Company Information for the year ended 31 March 2023
Director
Lynsey Masters
Company Number
10758670 (England and Wales)
Registered Office
46 Chiltington Way Saltdean Brighton East Sussex BN2 8HB England
Accountants
JP Accountancy Clyde Offices 2nd Floor 48 West George Street Glasgow G2 1BP
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My Mortgage Consultant Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
134 
474 
Current assets
Debtors
4,899 
2,680 
Cash at bank and in hand
7,311 
22,558 
12,210 
25,238 
Creditors: amounts falling due within one year
(6,394)
(10,244)
Net current assets
5,816 
14,994 
Total assets less current liabilities
5,950 
15,468 
Provisions for liabilities
Deferred tax
(25)
(90)
Net assets
5,925 
15,378 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,825 
15,278 
Shareholders' funds
5,925 
15,378 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Lynsey Masters Director Company Registration No. 10758670
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My Mortgage Consultant Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
My Mortgage Consultant Limited is a private company, limited by shares, registered in England and Wales, registration number 10758670. The registered office is 46 Chiltington Way, Saltdean, Brighton, East Sussex, BN2 8HB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue for mortgage consultancy services is recognised when the invoice is raised.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% SL
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
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My Mortgage Consultant Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
1,008 
At 31 March 2023
1,008 
Depreciation
At 1 April 2022
534 
Charge for the year
340 
At 31 March 2023
874 
Net book value
At 31 March 2023
134 
At 31 March 2022
474 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,899 
2,680 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,800 
3,365 
Loans from directors
4,181 
5,729 
Accruals
413 
1,150 
6,394 
10,244 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
25 
90 
2023 
2022 
£ 
£ 
Provision at start of year
90 
78 
(Credited)/charged to the profit and loss account
(65)
12 
Provision at end of year
25 
90 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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My Mortgage Consultant Limited Notes to the Accounts for the year ended 31 March 2023
9
Transactions with related parties
At the year-end, the company owed the Director an amount of £4,181 (2022: £5,730). This balance represents funding provided to the company. There was no interest charged on this balance,
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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