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REGISTERED NUMBER: 11855571 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LATER LIFE MORTGAGES LIMITED

LATER LIFE MORTGAGES LIMITED (REGISTERED NUMBER: 11855571)

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


LATER LIFE MORTGAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr P T Woodward
Mrs S E Woodward





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
LE1 7RU





REGISTERED NUMBER: 11855571 (England and Wales)

LATER LIFE MORTGAGES LIMITED (REGISTERED NUMBER: 11855571)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323 634

CURRENT ASSETS
Debtors 5 3,302 6,891
Cash at bank 46 15
3,348 6,906
CREDITORS
Amounts falling due within one year 6 7,728 4,200
NET CURRENT (LIABILITIES)/ASSETS (4,380 ) 2,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,057

)

3,340

CREDITORS
Amounts falling due after more than one
year

7

(2,450

)

(6,650

)

PROVISIONS FOR LIABILITIES (61 ) (120 )
NET LIABILITIES (6,568 ) (3,430 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (6,578 ) (3,440 )
(6,568 ) (3,430 )

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.

LATER LIFE MORTGAGES LIMITED (REGISTERED NUMBER: 11855571)

BALANCE SHEET - continued
31 MARCH 2025


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 19 August 2025 and were signed on its behalf by:




Mr P T Woodward - Director



Mrs S E Woodward - Director


LATER LIFE MORTGAGES LIMITED (REGISTERED NUMBER: 11855571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Later Life Mortgages 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

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.

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.

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.

LATER LIFE MORTGAGES LIMITED (REGISTERED NUMBER: 11855571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis. As at 31 March 2025 the liabilities exceed the assets by £6,568 (2024: £3,430) . The company no longer trades and will be struck off after the bank loans have been fully repaid. This process will not happen within the next 12 months from sign off. The company will receive continued support from the company's director until all of the loans are satisfied.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024
and 31 March 2025 3,215
DEPRECIATION
At 1 April 2024 2,581
Charge for year 311
At 31 March 2025 2,892
NET BOOK VALUE
At 31 March 2025 323
At 31 March 2024 634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 3,302 6,485
Directors' current accounts - 406
3,302 6,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 4,200 4,200
Directors' current accounts 3,528 -
7,728 4,200

LATER LIFE MORTGAGES LIMITED (REGISTERED NUMBER: 11855571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 2,450 4,200
Bank loans - 2-5 years - 2,450
2,450 6,650

8. RELATED PARTY DISCLOSURES

At the year end the directors were owed £3,528 by the company (2024: £406 was owed to the company).

The above loan is repayable on demand and interest is charged at HMRC's official rate.