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Registered Number: 15488698
England and Wales

 

 

 


Filleted Accounts


for the period ended 28 February 2025

for

OB MORTGAGES LTD

 
 
Notes
 
2025
£
Fixed assets    
Tangible fixed assets 3 771 
771 
Current assets    
Debtors 4 36,919 
Cash at bank and in hand 24,290 
61,209 
Creditors: amount falling due within one year 5 (40,586)
Net current assets 20,623 
 
Total assets less current liabilities 21,394 
Provisions for liabilities 6 (3,050)
Net assets 18,344 
 

Capital and reserves
   
Called up share capital 7 1 
Profit and loss account 18,342 
Shareholders' funds 18,343 
 


For the period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 04 November 2025 and were signed by:


-------------------------------
Thomas OBrien
Director
1
General Information
OB Mortgages Ltd is a private company, limited by shares, registered in England and Wales, registration number 15488698, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 3.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 14 February 2024  
Additions 1,028    1,028 
Disposals  
At 28 February 2025 1,028    1,028 
Depreciation
At 14 February 2024  
Charge for period 257    257 
On disposals  
At 28 February 2025 257    257 
Net book values
Closing balance as at 28 February 2025 771    771 
Opening balance as at 14 February 2024  


4.

Debtors: amounts falling due within one year

2025
£
Trade Debtors 36,919 
36,919 

5.

Creditors: amount falling due within one year

2025
£
Trade Creditors 179 
Corporation Tax 15,742 
PAYE & Social Security 649 
Other Creditors
Directors' Current Accounts 24,016 
40,586 

6.

Provisions for liabilities

2025
£
Deferred Tax 3,050 
3,050 

7.

Share Capital

Allotted, called up and fully paid
2025
£
1 Ordinary share of £1.00 each

2