Company No: 14588659 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Nicholas Jeremy Blake
	Graham Jones
	John William Nurden

REGISTERED OFFICE	5 Westfield House Millfield Lane
	Nether Poppleton
	York
	YO26 6GA
	United Kingdom

COMPANY NUMBER

14588659 (England and Wales)

ACCOUNTANT	Ian Walker and Co.
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	210		419
		210		419
Current assets
Cash at bank and in hand	4	945		1,389
		945		1,389
Creditors: amounts falling due within one year	5	( 515)		( 636)
Net current assets		430		753
Total assets less current liabilities		640		1,172
Net assets		640		1,172
Capital and reserves
Called-up share capital	6	306		306
Profit and loss account		334		866
Total shareholders' funds		640		1,172

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mortgage Capacity Reports Ltd (registered number: 14588659) were approved and authorised for issue by the Board of Directors on 08 September 2025. They were signed on its behalf by:

Nicholas Jeremy Blake Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Mortgage Capacity Reports Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Westfield House Millfield Lane, Nether Poppleton, York, YO26 6GA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	Year ended 31.03.2025		Period from 24.02.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 April 2024	629		629
At 31 March 2025	629		629
Accumulated depreciation
At 01 April 2024	210		210
Charge for the financial year	209		209
At 31 March 2025	419		419
Net book value
At 31 March 2025	210		210
At 31 March 2024	419		419

4. Cash and cash equivalents

	31.03.2025		31.03.2024
	£		£
Cash at bank and in hand	945		1,389

5. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Taxation and social security	101		252
Other creditors	414		384
	515		636

6. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
300 Ordinary shares of £ 1.00 each	300		300
1 Ordinary A share of £ 1.00	1		1
1 Ordinary B share of £ 1.00	1		1
1 Ordinary C share of £ 1.00	1		1
1 Ordinary D share of £ 1.00	1		1
1 Ordinary E share of £ 1.00	1		1
1 Ordinary F share of £ 1.00	1		1
	306		306