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REGISTERED NUMBER: 05571261 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MORTGAGENEEDS.INFO LIMITED

MORTGAGENEEDS.INFO LIMITED (Registered number: 05571261)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

MORTGAGENEEDS.INFO LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G A Allsop
G Allsop
E Allsop
ECA Group Ltd
GraCall Ltd
Huell Ltd





REGISTERED OFFICE: 38 Grange Road
West Kirby
Merseyside
CH48 4EA





REGISTERED NUMBER: 05571261 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

MORTGAGENEEDS.INFO LIMITED (Registered number: 05571261)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,383 76,530

CURRENT ASSETS
Debtors 5 150 -
Cash at bank 10,691 6,483
10,841 6,483
CREDITORS
Amounts falling due within one year 6 18,499 37,523
NET CURRENT LIABILITIES (7,658 ) (31,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,725

45,490

PROVISIONS FOR LIABILITIES 5,357 6,386
NET ASSETS 59,368 39,104

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 8 59,248 38,984
SHAREHOLDERS' FUNDS 59,368 39,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

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 12 February 2025 and were signed on its behalf by:





G Allsop - Director


MORTGAGENEEDS.INFO LIMITED (Registered number: 05571261)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MORTGAGENEEDS.INFO 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.

These financial statements for the year ended 31 December 2015 are the first financial statements that comply with FRS 102. The date of transition is 1 January 2014.

Turnover
Turnover represents fees and commissions earned exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

MORTGAGENEEDS.INFO LIMITED (Registered number: 05571261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures Computer
property & equipment equipment Totals
£    £    £    £   
COST
At 1 April 2023 50,829 61,212 26,159 138,200
Disposals - (11,664 ) (20,957 ) (32,621 )
At 31 March 2024 50,829 49,548 5,202 105,579
DEPRECIATION
At 1 April 2023 - 37,114 24,556 61,670
Charge for year - 3,614 534 4,148
Eliminated on disposal - (11,665 ) (20,957 ) (32,622 )
At 31 March 2024 - 29,063 4,133 33,196
NET BOOK VALUE
At 31 March 2024 50,829 20,485 1,069 72,383
At 31 March 2023 50,829 24,098 1,603 76,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 150 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to associates 14,411 28,561
Taxation and social security 2,242 5,308
Other creditors 1,846 3,654
18,499 37,523

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary Shares £1 120 120

8. RESERVES
Retained
earnings
£   

At 1 April 2023 38,984
Profit for the year 20,264
At 31 March 2024 59,248

9. RELATED PARTY DISCLOSURES

The company rents the property where it trades from GECA Properties Ltd which is an associated company.

The annual rent payable is £36,000, the transaction is considered to be under normal market conditions.

Included in other creditors at the balance sheet date is an amount of £14,411 owed by the company to GECA Properties Ltd.

MORTGAGENEEDS.INFO LIMITED (Registered number: 05571261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MORTGAGENEEDS.INFO LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MORTGAGENEEDS.INFO LIMITED for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MORTGAGENEEDS.INFO LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MORTGAGENEEDS.INFO LIMITED and state those matters that we have agreed to state to the Board of Directors of MORTGAGENEEDS.INFO LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MORTGAGENEEDS.INFO LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MORTGAGENEEDS.INFO 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 profit of MORTGAGENEEDS.INFO LIMITED. You consider that MORTGAGENEEDS.INFO LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MORTGAGENEEDS.INFO 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.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................