Mortgage Time Limited Filleted Accounts Cover
Mortgage Time Limited
Company No. SC607863
Information for Filing with The Registrar
30 September 2023
Mortgage Time Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 September 2023.
Principal activities
The principal activity of the company during the year under review was activities of mortgage finance companies.
Directors
The Directors who served at any time during the year were as follows:
K. Kelly
C. Wyse
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
K. Kelly
Director
05 March 2024
Mortgage Time Limited Balance Sheet Registrar
at
30 September 2023
Company No.
SC607863
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
1,6691,439
1,6691,439
Current assets
Debtors
5
2,383288
Cash at bank and in hand
31,70374,446
34,08674,734
Creditors: Amount falling due within one year
6
(10,962)
(29,772)
Net current assets
23,12444,962
Total assets less current liabilities
24,79346,401
Creditors: Amounts falling due after more than one year
7
(24,755)
(21,916)
Net assets
3824,485
Capital and reserves
Called up share capital
11
Profit and loss account
9
3724,484
Total equity
3824,485
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 September 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 05 March 2024 and signed on its behalf by:
K. Kelly
Director
05 March 2024
Mortgage Time Limited Notes to the Accounts Registrar
for the year ended 30 September 2023
1
General information
Mortgage Time Limited is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC607863
Its registered office is:
221/223 Balgreen Road
Edinburgh
Scotland
EH11 2RZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
23
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 October 2022
2,1592,159
Additions
1,0111,011
At 30 September 2023
3,1703,170
Depreciation
At 1 October 2022
720720
Charge for the year
781781
At 30 September 2023
1,5011,501
Net book values
At 30 September 2023
1,6691,669
At 30 September 2022
1,439
1,439
5
Debtors
2023
2022
£
£
Trade debtors
2,131288
Other debtors
252-
2,383288
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
-7,765
Trade creditors
2,8441,119
Taxes and social security
8,119
20,888
Accruals and deferred income
(1)
-
10,96229,772
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
24,75521,916
24,75521,916
8
Share Capital
One ordinary share fully paid at £1.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
50,159
66,753
50,159
66,753
Dividends by type:
Equity dividends
50,15966,753
50,159
66,753
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