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REGISTERED NUMBER: 12220812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MORTGAGE BUSINESS PROPERTIES LIMITED

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

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 PROPERTIES 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, Suite 3
First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 12220812 (England and Wales)





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

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 547,804 547,804
Investments 5 100 100
547,904 547,904

CURRENT ASSETS
Debtors 6 166,860 166,860
Cash at bank 296 1,362
167,156 168,222
CREDITORS
Amounts falling due within one year 7 461,972 466,577
NET CURRENT LIABILITIES (294,816 ) (298,355 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,088

249,549

CREDITORS
Amounts falling due after more than one year 8 230,471 247,239
NET ASSETS 22,617 2,310

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 22,317 2,010
22,617 2,310

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 PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

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 PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

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


1. STATUTORY INFORMATION

Mortgage Business Properties 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

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


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2023
and 29 February 2024 547,804
NET BOOK VALUE
At 29 February 2024 547,804
At 28 February 2023 547,804

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 100
NET BOOK VALUE
At 29 February 2024 100
At 28 February 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Other debtors 166,860 166,860

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 28,409 28,409
Taxation and social security 5,287 483
Other creditors 428,276 437,685
461,972 466,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 230,471 247,239

MORTGAGE BUSINESS PROPERTIES LIMITED (REGISTERED NUMBER: 12220812)

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


9. RELATED PARTY DISCLOSURES

At the period end the company owed Mortage Business Financial Advisors Limited £426,543 (2023: £434,601) and Mortgage Business Residential Ltd £168,860 (2023: £168,860), both companies in which the directors have an interest.

10. ULTIMATE CONTROLLING PARTY

The Company is under the control of the directors.