Caseware UK (AP4) 2023.0.135 2023.0.135 The principal activity of the company is providing intermidiary services related to mortgage.2022-10-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08198637 2022-10-01 2023-09-30 08198637 2021-10-01 2022-09-30 08198637 2023-09-30 08198637 2022-09-30 08198637 c:Director1 2022-10-01 2023-09-30 08198637 d:OfficeEquipment 2022-10-01 2023-09-30 08198637 d:OfficeEquipment 2023-09-30 08198637 d:OfficeEquipment 2022-09-30 08198637 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 08198637 d:CurrentFinancialInstruments 2023-09-30 08198637 d:CurrentFinancialInstruments 2022-09-30 08198637 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08198637 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08198637 d:ShareCapital 2023-09-30 08198637 d:ShareCapital 2022-09-30 08198637 d:RetainedEarningsAccumulatedLosses 2023-09-30 08198637 d:RetainedEarningsAccumulatedLosses 2022-09-30 08198637 c:FRS102 2022-10-01 2023-09-30 08198637 c:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08198637 c:FullAccounts 2022-10-01 2023-09-30 08198637 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08198637 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 08198637










Mortgage Plus Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2023

 
Mortgage Plus Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Mortgage Plus Limited for the year ended 30 September 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mortgage Plus Limited for the year ended 30 September 2023 which comprise the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Mortgage Plus Limited, as a body, in accordance with the terms of our engagement letter dated 15 December 2022Our work has been undertaken solely to prepare for your approval the financial statements of Mortgage Plus Limited  and state those matters that we have agreed to state to the Board of directors of Mortgage Plus Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mortgage Plus Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Mortgage Plus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mortgage Plus Limited. You consider that Mortgage Plus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Mortgage Plus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  




Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
8 February 2024
Page 1

 
Mortgage Plus Limited
Registered number: 08198637

Balance sheet
As at 30 September 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
509
757

  
509
757

Current assets
  

Cash at bank and in hand
 5 
29,803
13,258

  
29,803
13,258

Creditors: amounts falling due within one year
 6 
(10,154)
(8,216)

Net current assets
  
 
 
19,649
 
 
5,042

Total assets less current liabilities
  
20,158
5,799

  

Net assets
  
20,158
5,799


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
19,158
4,799

  
20,158
5,799


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Richard Floyd Reuss
Director
Date: 7 February 2024

Page 2

 
Mortgage Plus Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

1.


General information

Mortgage Plus Limited is a private limited company registered in England and Wales. The address of the registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG. The principal activity of the company is the brokerage of mortgages and lending advice.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
Mortgage Plus Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

2.Accounting policies (continued)

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.



 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Average number of employees including directors
2
2

Page 4

 
Mortgage Plus Limited
 

 
Notes to the financial statements
For the year ended 30 September 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2022
2,650


Additions
90



At 30 September 2023

2,740



Depreciation


At 1 October 2022
1,893


Charge for the year on owned assets
338



At 30 September 2023

2,231



Net book value



At 30 September 2023
509



At 30 September 2022
757


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
29,803
13,258

29,803
13,258



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
8,115
6,197

Other creditors
539
519

Accruals and deferred income
1,500
1,500

10,154
8,216



Page 5