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
My Mortgage Consultant Limited
Company Information
for the year ended 31 March 2023
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
My Mortgage Consultant Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
7,311
22,558
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
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
My Mortgage Consultant Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
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.
My Mortgage Consultant Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Computer equipment
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
7
Deferred taxation
2023
2022
Accelerated capital allowances
25
90
Provision at start of year
90
78
(Credited)/charged to the profit and loss account
(65)
12
Provision at end of year
25
90
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).