The Mortgage Partnership (MK) Limited 04335879 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of mortgage brokers and administrators. Digita Accounts Production Advanced 6.30.9574.0 true true 04335879 2023-01-01 2023-12-31 04335879 2023-12-31 04335879 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04335879 bus:SmallEntities 2023-01-01 2023-12-31 04335879 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04335879 bus:FilletedAccounts 2023-01-01 2023-12-31 04335879 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04335879 bus:RegisteredOffice 2023-01-01 2023-12-31 04335879 bus:Director3 2023-01-01 2023-12-31 04335879 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04335879 countries:EnglandWales 2023-01-01 2023-12-31 04335879 2022-01-01 2022-12-31 04335879 2022-12-31 04335879 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 04335879

The Mortgage Partnership (MK) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

image-name
 

The Mortgage Partnership (MK) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

The Mortgage Partnership (MK) Limited

Company Information

Director

Mr HK Beaumont

Registered office

Suite15 Plum Park Estate Watling Street
Paulerspury
Towcester
Northamptonshire
NN12 6LQ

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

The Mortgage Partnership (MK) Limited

(Registration number: 04335879)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

-

5,542

Creditors: Amounts falling due within one year

4

(10,143)

(15,445)

Net liabilities

 

(10,143)

(9,903)

Capital and reserves

 

Called up share capital

20,000

20,000

Capital redemption reserve

2,500

2,500

Retained earnings

(32,643)

(32,403)

Shareholders' deficit

 

(10,143)

(9,903)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 September 2024
 

.........................................
Mr HK Beaumont
Director

 

The Mortgage Partnership (MK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite15 Plum Park Estate Watling Street
Paulerspury
Towcester
Northamptonshire
NN12 6LQ

These financial statements were authorised for issue by the director on 2 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, based on the continued support of the directors.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Mortgage Partnership (MK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, including the director, was 3 (2022 - 3).

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

48

Accruals

240

1,260

Corporation tax control

188

253

Other creditors

9,715

13,884

10,143

15,445