Company registration number 03473843 (England and Wales)
MORTGAGE & INSURANCE BUREAU LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
MORTGAGE & INSURANCE BUREAU LIMITED
COMPANY INFORMATION
Directors
P L Aitchison
P Kavanagh
S J Thompson
Secretary
P L Aitchison
Company number
03473843
Registered office
Crowthorne House
Nine Mile Ride
Wokingham
Berkshire
RG40 3GZ
MORTGAGE & INSURANCE BUREAU LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
MORTGAGE & INSURANCE BUREAU LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
The Directors present their annual report and financial statements for the year ended 31 December 2024 for Mortgage & Insurance Bureau Limited ("the Company").
Principal activities
The Company is dormant and has not traded during the year or prior year.
Directors
The Directors of the Company who held office during the year and up to the date of signing the financial statements, unless otherwise stated, were as follows:
P L Aitchison
P Kavanagh
S J Thompson
Qualifying third party indemnity provisions
At 31 December 2024, third party indemnity provision for the benefit of the Company's directors was in force. The Company maintains liability insurance for its Directors and officers during the year under review and up to the date of signing the financial statements. This is a qualifying third-party indemnity provision for the purposes of the Companies Act 2006.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
P L Aitchison
Director
11 August 2025
MORTGAGE & INSURANCE BUREAU LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
486,989
486,989
Net current assets
486,989
486,989
Capital and reserves
Called up share capital
125
125
Profit and loss reserves
486,864
486,864
Total equity
486,989
486,989
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on
11 August 2025
11 August 2025
and are signed on its behalf by:
P L Aitchison
Director
Company registration number 03473843 (England and Wales)
MORTGAGE & INSURANCE BUREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
Mortgage & Insurance Bureau Limited is a private company limited by shares incorporated in England and Wales. The registered office is Crowthorne House, Nine Mile Ride, Wokingham, Berkshire, RG40 3GZ.
1.1
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
The Company has no employees other than the Directors, who did not receive any remuneration (2023 - £nil).
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
486,989
486,989
Intercompany balances are interest free, have no fixed payment terms, and are repayable on demand.
MORTGAGE & INSURANCE BUREAU LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Controlling party
The Company is a subsidiary of LRG Financial Services Limited, which is registered at Crowthorne House, Nine Mile Ride, Wokingham, Berkshire, RG40 3GZ. At 31 December 2024, the Company's ultimate parent company was Hadrian Holding Limited, which is registered at 280 Bishopsgate, London, EC2M 4AG.
Hadrian Holding Limited is the smallest and largest group in which the results of the Company are consolidated. The consolidated financial statements, which include the results of this Company, are available to the public and may be obtained from Companies House.
At 31 December 2024, the ultimate controlling party of Mortgage & Insurance Bureau Limited is Platinum Equity Small Cap Fund International (Cayman), L.P.