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
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
PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
2,914
3,642
Cash at bank and in hand
252,038
448,629
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
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
PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
PRACTICAL MORTGAGE SOLUTIONS (UK) LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
3,330
4,330
Other debtors
12,030
22,290
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,648
-
Taxes and social security
12,382
1,700
Loans from directors
1
3,223
7
Creditors: amounts falling due after more than one year
2025
2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Account
(917)
40,000
-
39,083
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).