Company Registration No. 10461337 (England and Wales)
Mortgage Chain Limited
Unaudited accounts
for the year ended 29 November 2023
Mortgage Chain Limited
Unaudited accounts
Contents
Mortgage Chain Limited
Company Information
for the year ended 29 November 2023
Directors
Alexander Kerr
Sally Ann Magnus
Company Number
10461337 (England and Wales)
Registered Office
10 Earlsfield Lane
Methwold
Thetford
Norfolk
IP26 4RS
England
Mortgage Chain Limited
Statement of financial position
as at 29 November 2023
Tangible assets
6,021
7,438
Cash at bank and in hand
20,977
3,478
Creditors: amounts falling due within one year
(11,257)
(45,876)
Net current assets
9,720
9,688
Total assets less current liabilities
15,741
17,126
Creditors: amounts falling due after more than one year
(40,420)
-
Net (liabilities)/assets
(24,679)
17,126
Called up share capital
10
-
Profit and loss account
(24,689)
17,126
Shareholders' funds
(24,679)
17,126
For the year ending 29 November 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
Alexander Kerr
Director
Company Registration No. 10461337
Mortgage Chain Limited
Notes to the Accounts
for the year ended 29 November 2023
Mortgage Chain Limited is a private company, limited by shares, registered in England and Wales, registration number 10461337. The registered office is 10 Earlsfield Lane, Methwold, Thetford, Norfolk, IP26 4RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years Straight Line
Computer equipment
4 years Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 November 2022
-
7,438
7,438
At 29 November 2023
591
7,438
8,029
Charge for the year
148
1,860
2,008
At 29 November 2023
148
1,860
2,008
At 29 November 2023
443
5,578
6,021
At 29 November 2022
-
7,438
7,438
Amounts falling due within one year
Accrued income and prepayments
-
127
Amounts falling due after more than one year
Mortgage Chain Limited
Notes to the Accounts
for the year ended 29 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
15,073
-
Loans from directors
(8,861)
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).