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REGISTERED NUMBER: 05808146 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MORTGAGE & MONEY MANAGEMENT LIMITED

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORTGAGE & MONEY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: S D Muir





SECRETARY: Tayler Bradshaw Limited





REGISTERED OFFICE: Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX





REGISTERED NUMBER: 05808146 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 379,224 380,065
Investments 5 367,636 333,000
746,860 713,065

CURRENT ASSETS
Debtors 6 7,718 10,093
Cash at bank 236,575 151,569
244,293 161,662
CREDITORS
Amounts falling due within one year 7 199,900 135,410
NET CURRENT ASSETS 44,393 26,252
TOTAL ASSETS LESS CURRENT LIABILITIES 791,253 739,317

PROVISIONS FOR LIABILITIES 1,056 964
NET ASSETS 790,197 738,353

CAPITAL AND RESERVES
Called up share capital 6,501 6,501
Revaluation reserve 8 285,697 251,061
Retained earnings 497,999 480,791
SHAREHOLDERS' FUNDS 790,197 738,353

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

BALANCE SHEET - continued
31 MAY 2024


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 director and authorised for issue on 6 November 2024 and were signed by:





S D Muir - Director


MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

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

1. STATUTORY INFORMATION

Mortgage & Money Management 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.

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 as modified by the revaluation of certain assets.

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.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance

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.

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 9 (2023 - 8 ) .

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 375,000 24,264 399,264
DEPRECIATION
At 1 June 2023 - 19,199 19,199
Charge for year - 841 841
At 31 May 2024 - 20,040 20,040
NET BOOK VALUE
At 31 May 2024 375,000 4,224 379,224
At 31 May 2023 375,000 5,065 380,065

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 256,939 24,264 281,203
Valuation in 2023 118,061 - 118,061
375,000 24,264 399,264

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 333,000
Revaluations 34,636
At 31 May 2024 367,636
NET BOOK VALUE
At 31 May 2024 367,636
At 31 May 2023 333,000

MORTGAGE & MONEY MANAGEMENT LIMITED (REGISTERED NUMBER: 05808146)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2021 250,306
Valuation in 2023 82,694
Valuation in 2024 34,636
367,636

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 780 4,057
Other debtors 6,938 6,036
7,718 10,093

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Taxation and social security 63,643 44,296
Other creditors 136,257 91,114
199,900 135,410

8. RESERVES
Revaluation
reserve
£   
At 1 June 2023 251,061
Revaluation in year 34,636

At 31 May 2024 285,697