2023-03-01 NI611416 2024-02-29 NI611416 2023-03-01 2024-02-29 NI611416 2023-02-28 NI611416 2022-03-01 2023-02-28 NI611416 uk-core:WithinOneYear 2023-02-28 NI611416 uk-core:WithinOneYear 2024-02-29 NI611416 uk-core:ShareCapital 2024-02-29 NI611416 uk-core:ShareCapital 2023-02-28 NI611416 uk-core:SharePremium 2024-02-29 NI611416 uk-core:SharePremium 2023-02-28 NI611416 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI611416 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI611416 uk-bus:Director1 2023-03-01 2024-02-29 NI611416 uk-core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure NI611416 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI611416 uk-bus:FRS102 2023-03-01 2024-02-29 NI611416 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 NI611416 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
MLS Mortgages Limited
Registered Number:NI611416
For the year ended 29 February 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 29 February 2024
MLS Mortgages Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI611416
As at 29 February 2024
MLS Mortgages Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
18,374
22,250
2
18,374
22,250
Current assets
Trade and other receivables
72,561
73,387
3
393,613
Cash and cash equivalents
431,490
504,877
466,174
Trade and other payables: amounts falling due within one
year
(90,891)
(131,211)
4
375,283
373,666
Net current assets
Total assets less current liabilities
392,040
397,533
392,040
Net assets
397,533
Capital and reserves
Called up share capital
18
18
Share premium account
70
60
Retained earnings
391,952
397,455
392,040
397,533
Shareholders' funds
For the year ended 29 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dermot Small Director
These financial statements were approved and authorised for issue by the Board on 26 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
MLS Mortgages Limited
Notes to the Financial Statements
Statutory Information
MLS Mortgages Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI611416.
Registered address:
52 Church Place
Lurgan
Armagh
BT66 6HD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 March 2023
43,151
717
Additions
At 29 February 2024
43,868
Provision for depreciation and impairment
At 01 March 2023
20,901
Charge for year
4,593
At 29 February 2024
25,494
At 29 February 2024
Net book value
18,374
At 28 February 2023
22,250
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5
For the year ended 29 February 2024
MLS Mortgages Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
13,387
12,561
Other debtors
60,000
60,000
72,561
73,387
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
64,537
39,612
Other creditors
66,674
51,279
131,211
90,891
5. Average number of persons employed
During the year the average number of employees was 6 (2023 : 5)
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