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Company Registration No. 09903579 (England and Wales)
Aalto Mortgages Limited Unaudited accounts for the year ended 31 December 2024
Aalto Mortgages Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Aalto Mortgages Limited Company Information for the year ended 31 December 2024
Director
Stuart Phillips
Company Number
09903579 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Aalto Mortgages Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
48 
287 
Current assets
Debtors
5
4,907 
4,504 
Cash at bank and in hand
1,960 
10,341 
6,867 
14,845 
Creditors: amounts falling due within one year
6
(1,921)
(3,855)
Net current assets
4,946 
10,990 
Total assets less current liabilities
4,994 
11,277 
Creditors: amounts falling due after more than one year
7
(7,837)
(9,611)
Net (liabilities)/assets
(2,843)
1,666 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
(2,943)
1,566 
Shareholders' funds
(2,843)
1,666 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2025 and were signed on its behalf by
Stuart Phillips Director Company Registration No. 09903579
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Aalto Mortgages Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Aalto Mortgages Limited is a private company, limited by shares, registered in England and Wales, registration number 09903579. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Computer equipment
33% straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Aalto Mortgages Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
1,103 
3,392 
4,495 
At 31 December 2024
1,103 
3,392 
4,495 
Depreciation
At 1 January 2024
816 
3,392 
4,208 
Charge for the year
239 
- 
239 
At 31 December 2024
1,055 
3,392 
4,447 
Net book value
At 31 December 2024
48 
- 
48 
At 31 December 2023
287 
- 
287 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,907 
4,504 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,774 
1,774 
Taxes and social security
147 
1,774 
Loans from directors
- 
307 
1,921 
3,855 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,837 
9,611 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
(307)
7,450 
6,740 
403 
(307)
7,450 
6,740 
403 
- 6 -
Aalto Mortgages Limited Notes to the Accounts for the year ended 31 December 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -