Caseware UK (AP4) 2023.0.135 2023.0.135 12023-05-01falseThe principal activity of the company is that of a holding company.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10175159 2023-05-01 2024-04-30 10175159 2022-05-01 2023-04-30 10175159 2024-04-30 10175159 2023-04-30 10175159 2022-05-01 10175159 c:Director1 2023-05-01 2024-04-30 10175159 d:CurrentFinancialInstruments 2024-04-30 10175159 d:CurrentFinancialInstruments 2023-04-30 10175159 d:Non-currentFinancialInstruments 2024-04-30 10175159 d:Non-currentFinancialInstruments 2023-04-30 10175159 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10175159 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10175159 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 10175159 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10175159 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 10175159 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 10175159 d:ShareCapital 2023-05-01 2024-04-30 10175159 d:ShareCapital 2024-04-30 10175159 d:ShareCapital 2022-05-01 2023-04-30 10175159 d:ShareCapital 2023-04-30 10175159 d:ShareCapital 2022-05-01 10175159 d:SharePremium 2023-05-01 2024-04-30 10175159 d:SharePremium 2024-04-30 10175159 d:SharePremium 2022-05-01 2023-04-30 10175159 d:SharePremium 2023-04-30 10175159 d:SharePremium 2022-05-01 10175159 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 10175159 d:RetainedEarningsAccumulatedLosses 2024-04-30 10175159 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 10175159 d:RetainedEarningsAccumulatedLosses 2023-04-30 10175159 d:RetainedEarningsAccumulatedLosses 2022-05-01 10175159 c:FRS102 2023-05-01 2024-04-30 10175159 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10175159 c:FullAccounts 2023-05-01 2024-04-30 10175159 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10175159 6 2023-05-01 2024-04-30 10175159 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10175159










Mortgage Solutions Holdings Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 April 2024

 
Mortgage Solutions Holdings Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Mortgage Solutions Holdings Limited for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mortgage Solutions Holdings Limited for the year ended 30 April 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Mortgage Solutions Holdings Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mortgage Solutions Holdings Limited and state those matters that we have agreed to state to the director of Mortgage Solutions Holdings Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mortgage Solutions Holdings Limited and its director for our work or for this report. 

It is your duty to ensure that Mortgage Solutions Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mortgage Solutions Holdings Limited. You consider that Mortgage Solutions Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Mortgage Solutions Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
30 September 2024
Page 1

 
Mortgage Solutions Holdings Limited
Registered number: 10175159

Balance Sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
301,680
301,680

  
301,680
301,680

  

Creditors: amounts falling due within one year
 5 
(151,898)
(138,488)

Net current liabilities
  
 
 
(151,898)
 
 
(138,488)

Total assets less current liabilities
  
149,782
163,192

Creditors: amounts falling due after more than one year
 6 
-
(13,200)

  

Net assets
  
149,782
149,992


Capital and reserves
  

Called up share capital 
  
500
500

Share premium account
  
147,500
147,500

Profit and loss account
  
1,782
1,992

  
149,782
149,992


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P R Watts
Director
Date: 26 September 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
Mortgage Solutions Holdings Limited
 

Statement of Changes in Equity
For the Year Ended 30 April 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 May 2022
500
147,500
2,346
150,346


Comprehensive income for the year

Profit for the year
-
-
64,646
64,646


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(65,000)
(65,000)


Total transactions with owners
-
-
(65,000)
(65,000)



At 1 May 2023
500
147,500
1,992
149,992


Comprehensive income for the year

Profit for the year
-
-
54,790
54,790


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(55,000)
(55,000)


Total transactions with owners
-
-
(55,000)
(55,000)


At 30 April 2024
500
147,500
1,782
149,782


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
Mortgage Solutions Holdings Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

1.


General information

The company is a private company, limited by share capital, and incorporated in England and Wales. The registered office and trading address is 13 West Street, Horsham, West Sussex, RH12 1PB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentational currency of the financial statements is £ sterling.
The figures in the financial statements have been rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company is exempt from the requirement to prepare consolidated financial statements as all of its subsidiaries are required to be excluded from consolidation by section 402 of the Companies Act 2006.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
Mortgage Solutions Holdings Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably; 
at cost less impairment for all other investments. 

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1). 

Page 5

 
Mortgage Solutions Holdings Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
301,680



At 30 April 2024
301,680





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Debenture loans
13,254
14,502

Amounts owed to group undertakings
138,644
123,986

151,898
138,488



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Debentures loans
-
13,200

-
13,200


Page 6

 
Mortgage Solutions Holdings Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Debenture loans
13,254
14,502


13,254
14,502

Amounts falling due 1-2 years

Debenture loans
-
13,200


-
13,200



13,254
27,702



8.


Related party transactions

During the year the company made the following related party transactions:
Mortgage Solutions Limited
(Subsidiary)
During the year Mortgage Solutions Limited provided a loan to the company. The loan is interest free and repayable on demand. At the balance sheet date the amount due to Mortgage Solutions Limited was  £138,644 (2023 - £123,986).

Page 7