REGISTERED NUMBER: SC521686 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Moneywise Mortgages Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L Morrison

SECRETARY:

REGISTERED OFFICE:

3 East Church Street

Buckie

AB56 1EX

REGISTERED NUMBER:

SC521686 (Scotland)

ACCOUNTANTS:

G Spratt Accountancy Ltd

Abbeylands

High Street

Dunbar

East Lothian

EH42 1EH

FIXED ASSETS

Tangible assets

4

137,017

145,566

CURRENT ASSETS

Stocks

12,498

14,004

Cash at bank and in hand

135,657

45,373

148,155

59,377

CREDITORS

Amounts falling due within one year

5

145,334

33,026

NET CURRENT ASSETS

2,821

26,351

TOTAL ASSETS LESS CURRENT LIABILITIES

139,838

171,917

CREDITORS

Amounts falling due after more than one year

6

10,887

20,887

NET ASSETS

128,951

151,030

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

127,951

150,030

SHAREHOLDERS' FUNDS

128,951

151,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 23 September 2025 and were signed by:

Mrs L Morrison - Director

1.	STATUTORY INFORMATION

Moneywise Mortgages Ltd is a private company, limited by shares , registered in Scotland. 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

-

5% on reducing balance

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

171,755

1,950

173,705

Additions

-

499

499

At 31 December 2024

171,755

2,449

174,204

DEPRECIATION

At 1 January 2024

27,651

488

28,139

Charge for year

8,558

490

9,048

At 31 December 2024

36,209

978

37,187

NET BOOK VALUE

At 31 December 2024

135,546

1,471

137,017

At 31 December 2023

144,104

1,462

145,566

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

4,280

4,883

Other creditors

131,054

18,143

145,334

33,026

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

10,887

20,887