Caseware UK (AP4) 2024.0.164 2024.0.164 falsefalsetrue2023-10-01falseThe principal activity of the company is providing intermidiary services related to mortgage.22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08198637 2023-10-01 2024-09-30 08198637 2022-10-01 2023-09-30 08198637 2024-09-30 08198637 2023-09-30 08198637 c:Director1 2023-10-01 2024-09-30 08198637 d:OfficeEquipment 2023-10-01 2024-09-30 08198637 d:OfficeEquipment 2024-09-30 08198637 d:OfficeEquipment 2023-09-30 08198637 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08198637 d:CurrentFinancialInstruments 2024-09-30 08198637 d:CurrentFinancialInstruments 2023-09-30 08198637 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08198637 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08198637 d:ShareCapital 2024-09-30 08198637 d:ShareCapital 2023-09-30 08198637 d:RetainedEarningsAccumulatedLosses 2024-09-30 08198637 d:RetainedEarningsAccumulatedLosses 2023-09-30 08198637 c:FRS102 2023-10-01 2024-09-30 08198637 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08198637 c:FullAccounts 2023-10-01 2024-09-30 08198637 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08198637 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 08198637










Mortgage Plus Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Mortgage Plus Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Mortgage Plus Limited for the year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mortgage Plus Limited for the year ended 30 September 2024 which comprise the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Mortgage Plus Limited, as a body, in accordance with the terms of our engagement letter dated 15 December 2022Our work has been undertaken solely to prepare for your approval the financial statements of Mortgage Plus Limited and state those matters that we have agreed to state to the Board of directors of Mortgage Plus Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mortgage Plus Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Mortgage Plus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mortgage Plus Limited. You consider that Mortgage Plus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Mortgage Plus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  




Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
18 February 2025
Page 1

 
Mortgage Plus Limited
Registered number: 08198637

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
265
509

  
265
509

Current assets
  

Debtors: amounts falling due within one year
 5 
600
-

Cash at bank and in hand
 6 
9,603
29,803

  
10,203
29,803

Creditors: amounts falling due within one year
 7 
(3,100)
(10,154)

Net current assets
  
 
 
7,103
 
 
19,649

Total assets less current liabilities
  
7,368
20,158

  

Net assets
  
7,368
20,158


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
6,368
19,158

  
7,368
20,158


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Richard Floyd Reuss
Director
Date: 18 February 2025

Page 2

 
Mortgage Plus Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

Mortgage Plus Limited is a private limited company registered in England and Wales. The address of the registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG. The principal activity of the company is the brokerage of mortgages and lending advice.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
Mortgage Plus Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.



 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.



3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Average number of employees including directors
2
2

Page 4

 
Mortgage Plus Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2023
2,740


Additions
127


Disposals
(951)



At 30 September 2024

1,916



Depreciation


At 1 October 2023
2,231


Charge for the year on owned assets
371


Disposals
(951)



At 30 September 2024

1,651



Net book value



At 30 September 2024
265



At 30 September 2023
509


5.


Debtors

2024
2023
£
£


Tax recoverable
600
-

600
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
9,603
29,803


Page 5

 
Mortgage Plus Limited
 

 
Notes to the financial statements
For the year ended 30 September 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
8,115

Other creditors
1,450
539

Accruals and deferred income
1,650
1,500

3,100
10,154



Page 6