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REGISTERED NUMBER: 05808146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

MORTGAGE & MONEY MANAGEMENT LIMITED

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORTGAGE & MONEY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: S D Muir





SECRETARY: Tayler Bradshaw Limited





REGISTERED OFFICE: Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX





REGISTERED NUMBER: 05808146 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

BALANCE SHEET
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 380,065 331,088
Investments 5 333,000 250,306
713,065 581,394

CURRENT ASSETS
Debtors 6 10,093 17,874
Cash at bank 151,569 245,816
161,662 263,690
CREDITORS
Amounts falling due within one year 7 135,410 175,607
NET CURRENT ASSETS 26,252 88,083
TOTAL ASSETS LESS CURRENT LIABILITIES 739,317 669,477

PROVISIONS FOR LIABILITIES 964 1,158
NET ASSETS 738,353 668,319

CAPITAL AND RESERVES
Called up share capital 6,501 6,501
Revaluation reserve 8 251,061 218,367
Retained earnings 480,791 443,451
SHAREHOLDERS' FUNDS 738,353 668,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 3 November 2023 and were signed by:





S D Muir - Director


MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Mortgage & Money Management 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 as modified by the revaluation of certain assets.

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 - not provided
Plant and machinery etc - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 325,000 24,264 349,264
Revaluations 50,000 - 50,000
At 31 May 2023 375,000 24,264 399,264
DEPRECIATION
At 1 June 2022 - 18,176 18,176
Charge for year - 1,023 1,023
At 31 May 2023 - 19,199 19,199
NET BOOK VALUE
At 31 May 2023 375,000 5,065 380,065
At 31 May 2022 325,000 6,088 331,088

Cost or valuation at 31 May 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 68,061 - 68,061
Valuation in 2023 50,000 - 50,000
Cost 256,939 24,264 281,203
375,000 24,264 399,264

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2022 250,306
Additions 100,000
Revaluations (17,306 )
At 31 May 2023 333,000
NET BOOK VALUE
At 31 May 2023 333,000
At 31 May 2022 250,306

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2023 is represented by:

Other
investments
£   
Valuation in 2023 (17,306 )
Cost 350,306
333,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 4,057 11,265
Other debtors 6,036 6,609
10,093 17,874

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade creditors (2 ) (2 )
Taxation and social security 44,296 53,654
Other creditors 91,116 121,955
135,410 175,607

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022 218,367
Revaluation in year 32,694

At 31 May 2023 251,061