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REGISTERED NUMBER: 09252566 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MORTGAGE COLLECTIVE LIMITED

MORTGAGE COLLECTIVE LIMITED (REGISTERED NUMBER: 09252566)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MORTGAGE COLLECTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr J Deane





REGISTERED OFFICE: Flat 13 Building 46
Marlborough Road
London
SE18 6TA





REGISTERED NUMBER: 09252566 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

MORTGAGE COLLECTIVE LIMITED (REGISTERED NUMBER: 09252566)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,000 1,333

CURRENT ASSETS
Debtors 5 32,990 17,812
Cash at bank 20,737 25,340
53,727 43,152
CREDITORS
Amounts falling due within one year 6 29,419 27,514
NET CURRENT ASSETS 24,308 15,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,308

16,971

PROVISIONS FOR LIABILITIES 250 333
NET ASSETS 25,058 16,638

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,958 16,538
SHAREHOLDERS' FUNDS 25,058 16,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2024 and were signed by:





Mr J Deane - Director


MORTGAGE COLLECTIVE LIMITED (REGISTERED NUMBER: 09252566)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis, despite a negative balance sheet position at the year end. The director has confirmed their continued financial support to the company.

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.
Plant and machinery - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 2,120
DEPRECIATION
At 1 April 2023 787
Charge for year 333
At 31 March 2024 1,120
NET BOOK VALUE
At 31 March 2024 1,000
At 31 March 2023 1,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,242 6,827
Other debtors 28,748 10,985
32,990 17,812

MORTGAGE COLLECTIVE LIMITED (REGISTERED NUMBER: 09252566)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,350 18
Taxation and social security 3,449 2,145
Other creditors 24,620 25,351
29,419 27,514