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Company Registration No. 6103158 (England and Wales)
PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED Unaudited accounts for the year ended 31 March 2025
PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED Unaudited accounts Contents
Page
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PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED Company Information for the year ended 31 March 2025
Directors
Nicola Bain Steven Farley
Secretary
TAD ACCOUNTANCY SERVICES
Company Number
6103158 (England and Wales)
Registered Office
2nd Floor 43-45 High Road Bushey Heath WD23 1EE England
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,914 
3,642 
Current assets
Debtors
15,360 
26,620 
Cash at bank and in hand
252,038 
448,629 
267,398 
475,249 
Creditors: amounts falling due within one year
(23,225)
(5,138)
Net current assets
244,173 
470,111 
Total assets less current liabilities
247,087 
473,753 
Creditors: amounts falling due after more than one year
(2,429)
(23,260)
Net assets
244,658 
450,493 
Capital and reserves
Called up share capital
400 
400 
Profit and loss account
244,258 
450,093 
Shareholders' funds
244,658 
450,493 
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by
Nicola Bain Director Company Registration No. 6103158
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PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6103158. The registered office is 2nd Floor 43-45 High Road, Bushey Heath, WD23 1EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% RBM
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2024
23,664 
At 31 March 2025
23,664 
Depreciation
At 1 April 2024
20,022 
Charge for the year
728 
At 31 March 2025
20,750 
Net book value
At 31 March 2025
2,914 
At 31 March 2024
3,642 
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PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,330 
4,330 
Other debtors
12,030 
22,290 
15,360 
26,620 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
10,648 
- 
Taxes and social security
12,382 
1,700 
Other creditors
194 
215 
Loans from directors
1 
3,223 
23,225 
5,138 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
2,429 
23,260 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Nicola Bain
Director's Loan Account
(917)
40,000 
- 
39,083 
Steven Farley
Director's Loan Account
(2,307)
219,982 
3,007 
214,667 
(3,224)
259,982 
3,007 
253,750 
The loan above is repayable on demand within 9 months
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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