THE MORTGAGE LENDER LIMITED

Company Registration Number:
09280057 (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

THE MORTGAGE LENDER 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

THE MORTGAGE LENDER 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

Political and charitable donations

The Company made no political donations or incurred any political expenditure during the year.

Additional information

An indication of likely future developments in the business and particulars of significant events which have occurred since the end of the financial year have been included in the Strategic Report on page 2.



Directors

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

Trevor Pothecary
David Newman
Hugh Meechan
Peter Beaumont
Stephen Griffiths
Neil Hornsby
Jerome Losson


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
19 April 2024

And signed on behalf of the board by:
Name: David Newman
Status: Director

THE MORTGAGE LENDER LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 48,859,150 30,855,786
Cost of sales: ( 10,365,100 ) ( 10,458,386 )
Gross profit(or loss): 38,494,050 20,397,400
Administrative expenses: ( 22,879,562 ) ( 20,310,831 )
Operating profit(or loss): 15,614,488 86,569
Interest receivable and similar income: 210,033 0
Interest payable and similar charges: ( 11,914 ) ( 21,618 )
Profit(or loss) before tax: 15,812,607 64,951
Tax: ( 3,773,608 ) ( 94,602 )
Profit(or loss) for the financial year: 12,038,999 (29,651)

THE MORTGAGE LENDER LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 950,030 275,655
Tangible assets: 4 383,794 185,492
Total fixed assets: 1,333,824 461,147
Current assets
Debtors: 5 18,626,194 4,417,297
Cash at bank and in hand: 1,705,835 4,084,689
Total current assets: 20,332,029 8,501,986
Creditors: amounts falling due within one year: 6 ( 6,262,887 ) ( 5,464,053 )
Net current assets (liabilities): 14,069,142 3,037,933
Total assets less current liabilities: 15,402,966 3,499,080
Creditors: amounts falling due after more than one year: 7 ( 148,896 ) ( 284,009 )
Total net assets (liabilities): 15,254,070 3,215,071
Capital and reserves
Called up share capital: 6,321,482 6,321,482
Share premium account: 7,796,951 7,796,951
Profit and loss account: 1,135,637 (10,903,362 )
Total Shareholders' funds: 15,254,070 3,215,071

The notes form part of these financial statements

THE MORTGAGE LENDER 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 19 April 2024
and signed on behalf of the board by:

Name: Trevor Pothecary
Status: Director

The notes form part of these financial statements

THE MORTGAGE LENDER 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

    Tangible fixed assets depreciation policy

    Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

    Intangible fixed assets amortisation policy

    Amortisation is charged to the income statement on a straight-line basis over the estimated useful lives of intangible assets. Intangible assets are amortised from the date they are available for use. The estimated useful lives are as follows: capitalised development costs 4 years

    Other accounting policies

    A provision is recognised in the balance sheet when the Company has a present legal or constructive obligation as a result of a past event, that can be reliably measured, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects risks specific to the liability.

THE MORTGAGE LENDER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 231 195

THE MORTGAGE LENDER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 1,227,768 1,227,768
Additions 802,104 802,104
Disposals
Revaluations
Transfers
At 31 December 2023 2,029,872 2,029,872
Amortisation
At 1 January 2023 952,113 952,113
Charge for year 127,729 127,729
On disposals
Other adjustments
At 31 December 2023 1,079,842 1,079,842
Net book value
At 31 December 2023 950,030 950,030
At 31 December 2022 275,655 275,655

THE MORTGAGE LENDER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 97,737 350,899 50,433 499,069
Additions 162,338 111,600 44,907 318,845
Disposals
Revaluations
Transfers
At 31 December 2023 260,075 462,499 95,340 817,914
Depreciation
At 1 January 2023 64,230 201,736 47,611 313,577
Charge for year 32,377 80,322 7,844 120,543
On disposals
Other adjustments
At 31 December 2023 96,607 282,058 55,455 434,120
Net book value
At 31 December 2023 163,468 180,441 39,885 383,794
At 31 December 2022 33,507 149,163 2,822 185,492

THE MORTGAGE LENDER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 16,786,597 173,085
Other debtors 1,839,597 4,244,212
Total 18,626,194 4,417,297

THE MORTGAGE LENDER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 155,560 123,640
Trade creditors 5,511,692 4,489,033
Accruals and deferred income 595,635 851,380
Total 6,262,887 5,464,053

THE MORTGAGE LENDER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 148,896 250,190
Other creditors 33,819
Total 148,896 284,009