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REGISTERED NUMBER: 12220812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MORTGAGE BUSINESS PROPERTIES LIMITED

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORTGAGE BUSINESS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: M G Reeve
N E Coyne
D I Oastler





REGISTERED OFFICE: Suite 3, The Hamilton Centre
Rodney Way
Chelmsford
Essex
CM1 3BY





REGISTERED NUMBER: 12220812 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, The Hamilton Centre
Rodney Way
Chelmsford
Essex
CM1 3BY

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

BALANCE SHEET
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 547,804 895,942
Investments 5 100 -
547,904 895,942

CURRENT ASSETS
Debtors 6 166,860 9,875
Cash at bank 1,362 58
168,222 9,933
CREDITORS
Amounts falling due within one year 7 466,577 621,105
NET CURRENT LIABILITIES (298,355 ) (611,172 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,549

284,770

CREDITORS
Amounts falling due after more than one year 8 247,239 283,918
NET ASSETS 2,310 852

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 2,010 552
2,310 852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 16 October 2023 and were signed on its behalf by:





M G Reeve - Director


MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Mortgage Business Properties 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 NIL (2022 - NIL).

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2022 895,942
Additions 1,909
Disposals (350,047 )
At 28 February 2023 547,804
NET BOOK VALUE
At 28 February 2023 547,804
At 28 February 2022 895,942

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 28 February 2023 100
NET BOOK VALUE
At 28 February 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors 166,860 9,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 28,409 28,491
Taxation and social security 483 141
Other creditors 437,685 592,473
466,577 621,105

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans 247,239 283,918

9. RELATED PARTY DISCLOSURES

At the period end the company owed Mortage Business Financial Advisors Limited £434,601 (2022: £592,473) and Mortgage Business Residential Ltd £2,300, both companies in which the directors have an interest.

10. ULTIMATE CONTROLLING PARTY

The Company is under the control of the directors.