Registration number: 07148314

M A B (Kent) Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 6

M A B (Kent) Limited

Company Information

Directors

Ms C Stokes Mr S C K Woodcock Mr D Haley Mr J King Mr M Utchanah

Registered office

3/940 Innovation Building Popjack Road Kent Science Park Sittingbourne ME9 8PS

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

M A B (Kent) Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,110	2,022
Current assets
Debtors	5	23,672	214
Investments	6	100,000	-
Cash at bank and in hand		273,851	273,891
		397,523	274,105
Creditors: Amounts falling due within one year	7	(116,259)	(98,402)
Net current assets		281,264	175,703
Total assets less current liabilities		282,374	177,725
Provisions for liabilities		(506)	(506)
Net assets		281,868	177,219
Capital and reserves
Called up share capital		400	400
Retained earnings		281,468	176,819
Shareholders' funds		281,868	177,219

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of M A B (Kent) Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

M A B (Kent) Limited

Statement of Financial Position as at 31 December 2024

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:
 

.........................................

Ms C Stokes

Director

.........................................

Mr J King

Director

Company registration number: 07148314

M A B (Kent) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3/940 Innovation Building
Popjack Road
Kent Science Park
Sittingbourne
ME9 8PS

The principal activity of the company is that of mortgage brokerage services.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 December 2024, and had net assets at that date amounting to £281,868 including cash at bank of £273,851.

As such, after making enquiries, the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

M A B (Kent) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment	25% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 24 (2023 - 40).

M A B (Kent) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Computer Equipment £
Cost or valuation
At 1 January 2024	5,597
At 31 December 2024	5,597
Depreciation
At 1 January 2024	3,575
Charge for the year	912
At 31 December 2024	4,487
Carrying amount
At 31 December 2024	1,110
At 31 December 2023	2,022

5

Debtors

	2024 £	2023 £
Other debtors	23,672	214
	23,672	214

6	Current asset investments

	2024 £	2023 £
Other investments	100,000	-

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Taxation and social security	56,487	18,415
Accruals and deferred income	59,772	79,987
	116,259	98,402