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REGISTERED NUMBER: 04359181 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MORTGAGE OPTIONS (UK) LTD

MORTGAGE OPTIONS (UK) LTD (REGISTERED NUMBER: 04359181)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORTGAGE OPTIONS (UK) LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: P A Slack
Mrs J Slack





REGISTERED OFFICE: 10 The Crescent
Lytham St Anne's
Lancashire
FY8 1SZ





REGISTERED NUMBER: 04359181 (England and Wales)





ACCOUNTANTS: ma2 (Blackpool) Limited
288 Church Street
Blackpool
Lancashire
FY1 3QA

MORTGAGE OPTIONS (UK) LTD (REGISTERED NUMBER: 04359181)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 666 922

CURRENT ASSETS
Debtors 5 7,488 12,426
Cash at bank 24,810 21,761
32,298 34,187
CREDITORS
Amounts falling due within one year 6 20,770 13,803
NET CURRENT ASSETS 11,528 20,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,194

21,306

CREDITORS
Amounts falling due after more than one
year

7

11,407

21,180
NET ASSETS 787 126

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 687 26
SHAREHOLDERS' FUNDS 787 126

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 OPTIONS (UK) LTD (REGISTERED NUMBER: 04359181)

BALANCE SHEET - continued
31 March 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 14 November 2023 and were signed on its behalf by:





P A Slack - Director


MORTGAGE OPTIONS (UK) LTD (REGISTERED NUMBER: 04359181)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Mortgage Options (UK) Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MORTGAGE OPTIONS (UK) LTD (REGISTERED NUMBER: 04359181)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 39,468
DEPRECIATION
At 1 April 2022 38,546
Charge for year 256
At 31 March 2023 38,802
NET BOOK VALUE
At 31 March 2023 666
At 31 March 2022 922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,988 9,758
Prepayments and other debtors 500 2,668
7,488 12,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,804 -
Trade creditors 125 71
Tax 13,469 11,234
Social security and other taxes 83 -
Directors' current accounts 390 -
Accrued expenses 1,899 2,498
20,770 13,803

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 11,407 21,180

MORTGAGE OPTIONS (UK) LTD (REGISTERED NUMBER: 04359181)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


8. CALLED UP SHARE CAPITAL

Allotted,issued and fully paid :

Number

Class:
Nominal
Value

31.03.23

31.03.22
£    £   
70 Ordinary A 1 70 70
10 Ordinary B 1 10 10
10 Ordinary C 1 10 10
10 Ordinary D 1 10 10
100 100