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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
Page
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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
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Mortgage Chain Limited Statement of financial position as at 29 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,021 
7,438 
Current assets
Debtors
- 
52,086 
Cash at bank and in hand
20,977 
3,478 
20,977 
55,564 
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 
Capital and reserves
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
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Mortgage Chain Limited Notes to the Accounts for the year ended 29 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
591 
- 
591 
At 29 November 2023
591 
7,438 
8,029 
Depreciation
Charge for the year
148 
1,860 
2,008 
At 29 November 2023
148 
1,860 
2,008 
Net book value
At 29 November 2023
443 
5,578 
6,021 
At 29 November 2022
- 
7,438 
7,438 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
127 
Amounts falling due after more than one year
Other debtors
- 
51,959 
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Mortgage Chain Limited Notes to the Accounts for the year ended 29 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,645 
- 
Taxes and social security
15,073 
- 
Other creditors
- 
45,876 
Loans from directors
(8,861)
- 
Accruals
2,400 
- 
11,257 
45,876 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,420 
- 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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