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REGISTERED NUMBER: 03969884 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

New Mortgage Finance Limited

New Mortgage Finance Limited (Registered number: 03969884)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Mortgage Finance Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr N Denman
Mr M Mace
Mr D Mace





REGISTERED OFFICE: Portal House Alkmaar Way
Norwich International Business Park
Norwich
Norfolk
NR6 6BF





REGISTERED NUMBER: 03969884 (England and Wales)






New Mortgage Finance Limited (Registered number: 03969884)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,407 10,379

CURRENT ASSETS
Debtors 5 635,320 602,606
Cash at bank and in hand 74,240 66,174
709,560 668,780
CREDITORS
Amounts falling due within one year 6 82,458 39,139
NET CURRENT ASSETS 627,102 629,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,509

640,020

CREDITORS
Amounts falling due after more than
one year

7

(6,062

)

(15,818

)

PROVISIONS FOR LIABILITIES (1,868 ) (1,775 )
NET ASSETS 627,579 622,427

New Mortgage Finance Limited (Registered number: 03969884)

Balance Sheet - continued
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 805 805
Retained earnings 626,774 621,622
627,579 622,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 2 June 2025 and were signed on its behalf by:




Mr D Mace - Director



Mr M Mace - Director


New Mortgage Finance Limited (Registered number: 03969884)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

New Mortgage Finance 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on reducing balance
Plant and machinery etc - 20% 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 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.

New Mortgage Finance Limited (Registered number: 03969884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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

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 17 (2024 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 7,639 47,088 54,727
DEPRECIATION
At 1 April 2024 6,602 37,746 44,348
Charge for year 104 1,868 1,972
At 31 March 2025 6,706 39,614 46,320
NET BOOK VALUE
At 31 March 2025 933 7,474 8,407
At 31 March 2024 1,037 9,342 10,379

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 46,589 38,280
Other debtors 588,731 564,326
635,320 602,606

New Mortgage Finance Limited (Registered number: 03969884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,106 10,648
Taxation and social security 66,144 27,430
Other creditors 6,208 1,061
82,458 39,139

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Other creditors 6,062 15,818