Registered number
11234842
Wise Mortgage Advice Ltd
Unaudited Filleted Accounts
31 December 2023
Wise Mortgage Advice Ltd
Registered number: 11234842
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 62 93
Current assets
Debtors 4 20,873 6,125
Cash at bank and in hand 726 9,255
21,599 15,380
Creditors: amounts falling due within one year 5 (900) (1,895)
Net current assets 20,699 13,485
Total assets less current liabilities 20,761 13,578
Provisions for liabilities (12) (17)
Net assets 20,749 13,561
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,748 13,560
Shareholder's funds 20,749 13,561
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P A Lindley
Director
Approved by the board on 14 August 2024
Wise Mortgage Advice Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 33% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 January 2023 396
At 31 December 2023 396
Depreciation
At 1 January 2023 303
Charge for the year 31
At 31 December 2023 334
Net book value
At 31 December 2023 62
At 31 December 2022 93
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 20,872 6,124
Other debtors 1 1
20,873 6,125
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 900 1,895
6 Controlling party
The immediate parent company is The Wise Property Group Limited, a company incorporated in England and Wales.

The ultimate controlling party is The Brookman Group Ltd with the registered office address: 13 Common Lane, Hemingofrd Abbots, Huntingdon, Cambs, PE28 9AN.
7 Other information
Wise Mortgage Advice Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 The Pavement
St. Ives
Cambs
PE27 5AD
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