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REGISTERED NUMBER: SC307419 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Mortgage Hub Limited

The Mortgage Hub Limited (Registered number: SC307419)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Mortgage Hub Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs L M Campbell
W Kane





SECRETARY: Mrs L M Campbell





REGISTERED OFFICE: 38 Cadzow Street
Hamilton
United Kingdom
ML3 6DG





REGISTERED NUMBER: SC307419 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

The Mortgage Hub Limited (Registered number: SC307419)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,205 22,530

CURRENT ASSETS
Debtors 5 225,558 245,497
Cash at bank 354,292 421,954
579,850 667,451
CREDITORS
Amounts falling due within one year 6 151,085 182,882
NET CURRENT ASSETS 428,765 484,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,970

507,099

CREDITORS
Amounts falling due after more than
one year

7

(50,933

)

(89,547

)

PROVISIONS FOR LIABILITIES (3,079 ) (3,960 )
NET ASSETS 390,958 413,592

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 390,858 413,492
390,958 413,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Mortgage Hub Limited (Registered number: SC307419)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mrs L M Campbell - Director


The Mortgage Hub Limited (Registered number: SC307419)

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

1. STATUTORY INFORMATION

The Mortgage Hub Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Cash and bank balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The Mortgage Hub Limited (Registered number: SC307419)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 91,457
Additions 710
At 31 December 2023 92,167
DEPRECIATION
At 1 January 2023 68,927
Charge for year 7,035
At 31 December 2023 75,962
NET BOOK VALUE
At 31 December 2023 16,205
At 31 December 2022 22,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by participating interests 33,500 76,011
Other debtors 41,613 35,917
Directors' current accounts 150,445 133,569
225,558 245,497

The Mortgage Hub Limited (Registered number: SC307419)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 38,200 38,200
Trade creditors 2 1
Tax 66,995 98,818
Social security and other taxes 6,259 6,959
Wage control acc - (3,629 )
Pension provision 1,115 969
Accrued expenses 38,514 41,564
151,085 182,882

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 50,933 89,547

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs L M Campbell and W Kane
Balance outstanding at start of year 133,569 106,633
Amounts advanced 31,376 26,936
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 164,945 133,569