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REGISTERED NUMBER: 13811933 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MORTGAGE BUSINESS RESIDENTIAL LIMITED

MORTGAGE BUSINESS RESIDENTIAL LIMITED (REGISTERED NUMBER: 13811933)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORTGAGE BUSINESS RESIDENTIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M G Reeve
N E Coyne
D I Oastler





REGISTERED OFFICE: c/o CBHC Ltd, Steeple House,
Suite 3, First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 13811933 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

MORTGAGE BUSINESS RESIDENTIAL LIMITED (REGISTERED NUMBER: 13811933)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 358,397 358,397

CURRENT ASSETS
Debtors 5 144,439 35,100
Cash at bank 16,442 141,646
160,881 176,746
CREDITORS
Amounts falling due within one year 6 30,083 32,214
NET CURRENT ASSETS 130,798 144,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,195

502,929

CREDITORS
Amounts falling due after more than one year 7 475,719 488,010
NET ASSETS 13,476 14,919

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,376 14,819
13,476 14,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

MORTGAGE BUSINESS RESIDENTIAL LIMITED (REGISTERED NUMBER: 13811933)

BALANCE SHEET - continued
29 FEBRUARY 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





M G Reeve - Director


MORTGAGE BUSINESS RESIDENTIAL LIMITED (REGISTERED NUMBER: 13811933)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Mortgage Business Residential 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS

Investment properties held are not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Other debtors 144,439 35,100

MORTGAGE BUSINESS RESIDENTIAL LIMITED (REGISTERED NUMBER: 13811933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 29,083 27,838
Taxation and social security - 3,476
Other creditors 1,000 900
30,083 32,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 313,798 321,450
Amounts owed to group undertakings 161,921 166,560
475,719 488,010

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £166,560 to Mortgage Business Properties Ltd , the ultimate controlling party.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mortgage Business Properties Ltd.