APRIL MORTGAGES LIMITED

Company Registration Number:
13514833 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

APRIL MORTGAGES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

APRIL MORTGAGES LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

April Mortgages Limited (April or the Company) is a new UK residential mortgage lender. It received authorisation as a mortgage administrator and lender from the Financial Conduct Authority, number 989666, in October 2023. During the period under review April completed building its IT and operational capabilities. It opened to new business in November 2023 with a limited number of business partners, with the intention of expanding further in 2024. The administrative expenses were funded by its parent company in the form of a subordinated debt facility and additional share capital. The company has begun appointing full time permanent employees as it enters a fully operational state. The company entered a funding agreement with April Funding 1 Limited, providing sufficient funds for lending according to its business plans.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Dirk Bekkers


The director shown below has held office during the period of
1 January 2023 to 1 December 2023

DMF Holding BV


The director shown below has held office during the period of
1 December 2023 to 31 December 2023

Jeroen Alfridus van Hessen


The directors shown below have held office during the period of
1 March 2023 to 31 December 2023

Rolf Peter Adrianus Nuijens
Emma Rosalind Huepfl
Peter John Haines


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 August 2024

And signed on behalf of the board by:
Name: Dirk Bekkers
Status: Director

APRIL MORTGAGES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 18 months to 31 December 2022


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 3,497,000 ) ( 1,614,000 )
Other operating income: 0 0
Operating profit(or loss): (3,497,000) (1,614,000)
Interest receivable and similar income: 64,000 0
Interest payable and similar charges: ( 336,000 ) ( 36,000 )
Profit(or loss) before tax: (3,769,000) (1,650,000)
Tax: 0 0
Profit(or loss) for the financial year: (3,769,000) (1,650,000)

APRIL MORTGAGES LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 18 months to 31 December 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 27,000 0
Investments:   0 0
Total fixed assets: 27,000 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 488,000 41,000
Investments:   0 0
Total current assets: 488,000 41,000
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 494,000 ) ( 1,690,000 )
Net current assets (liabilities): (6,000) (1,649,000)
Total assets less current liabilities: 21,000 ( 1,649,000)
Creditors: amounts falling due after more than one year: 5 ( 4,339,000 ) 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (4,318,000) (1,649,000)
Capital and reserves
Called up share capital: 1,101,000 1,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (5,419,000 ) (1,650,000 )
Total Shareholders' funds: ( 4,318,000 ) (1,649,000)

The notes form part of these financial statements

APRIL MORTGAGES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 August 2024
and signed on behalf of the board by:

Name: Dirk Bekkers
Status: Director

The notes form part of these financial statements

APRIL MORTGAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Other accounting policies

    Significant Financial policies: Expense recognition Liabilities Fixed assets Subordinated debt Share capital

APRIL MORTGAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 18 months to 31 December 2022
    Average number of employees during the period 1 0

    End of year 8 employees, employed second half of 2023.

APRIL MORTGAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 0 0 0 0 0
Additions 0 0 0 36,000 0 36,000
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2023 0 0 0 36,000 0 36,000
Depreciation
At 1 January 2023 0 0 0 0 0 0
Charge for year 0 0 0 9,000 0 9,000
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 December 2023 0 0 0 9,000 0 9,000
Net book value
At 31 December 2023 0 0 0 27,000 0 27,000
At 31 December 2022 0 0 0 0 0 0

APRIL MORTGAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 18 months to 31 December 2022
£ £
Other creditors 494,000 1,690,000
Total 494,000 1,690,000

APRIL MORTGAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

2023 18 months to 31 December 2022
£ £
Other creditors 4,339,000 0
Total 4,339,000 0