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REGISTERED NUMBER: 09826807 (England and Wales)















UK MORTGAGE EXPERTS LTD

Unaudited Financial Statements

for the Year Ended 31 October 2023






UK MORTGAGE EXPERTS LTD (Registered number: 09826807)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK MORTGAGE EXPERTS LTD

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P A Onslow





REGISTERED OFFICE: 131 High Street
Harrogate
North Yorkshire
HG2 7LL





REGISTERED NUMBER: 09826807 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

UK MORTGAGE EXPERTS LTD (Registered number: 09826807)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 77,986 86,155
77,986 86,155

CURRENT ASSETS
Debtors 6 30,400 87,000
Cash at bank 1,432 122
31,832 87,122
CREDITORS
Amounts falling due within one year 7 30,559 59,390
NET CURRENT ASSETS 1,273 27,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,259

113,887

CREDITORS
Amounts falling due after more than one
year

8

76,433

97,036
NET ASSETS 2,826 16,851

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,726 16,751
SHAREHOLDERS' FUNDS 2,826 16,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

UK MORTGAGE EXPERTS LTD (Registered number: 09826807)

Balance Sheet - continued
31 October 2023


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 20 January 2025 and were signed by:





P A Onslow - Director


UK MORTGAGE EXPERTS LTD (Registered number: 09826807)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

UK MORTGAGE EXPERTS LTD 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

UK MORTGAGE EXPERTS LTD (Registered number: 09826807)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 11,000
AMORTISATION
At 1 November 2022
and 31 October 2023 11,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 7,187 91,930 22,855 121,972
Additions 1,543 - 12,607 14,150
At 31 October 2023 8,730 91,930 35,462 136,122
DEPRECIATION
At 1 November 2022 4,386 8,802 22,629 35,817
Charge for year 651 20,783 885 22,319
At 31 October 2023 5,037 29,585 23,514 58,136
NET BOOK VALUE
At 31 October 2023 3,693 62,345 11,948 77,986
At 31 October 2022 2,801 83,128 226 86,155

UK MORTGAGE EXPERTS LTD (Registered number: 09826807)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 91,930
DEPRECIATION
At 1 November 2022 8,802
Charge for year 20,783
At 31 October 2023 29,585
NET BOOK VALUE
At 31 October 2023 62,345
At 31 October 2022 83,128

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 30,400 87,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 2,400 15,240
Hire purchase contracts 10,603 10,603
Taxation 10,354 17,049
Other creditors 7,202 16,498
30,559 59,390

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 27,500 37,500
Hire purchase contracts 48,933 59,536
76,433 97,036

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 27,500 37,500