REGISTERED NUMBER: 05050750 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Right-Advice Mortgage Consultancy Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

K Hannan

SECRETARY:

Mrs M Hannan

REGISTERED OFFICE:

314 Midsummer Boulevard

Milton Keynes

Buckinghamshire

MK9 2UB

REGISTERED NUMBER:

05050750 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Tangible assets

4

4,219

3,671

CURRENT ASSETS

Debtors

32,142

12,841

Cash at bank

6,076

16,865

38,218

29,706

CREDITORS

Amounts falling due within one year

27,512

16,807

NET CURRENT ASSETS

10,706

12,899

TOTAL ASSETS LESS CURRENT LIABILITIES

14,925

16,570

CREDITORS

Amounts falling due after more than one year

(8,206

)

(10,327

)

PROVISIONS FOR LIABILITIES

(799

)

(694

)

NET ASSETS

5,920

5,549

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

4,995

4,995

Retained earnings

825

454

SHAREHOLDERS' FUNDS

5,920

5,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 November 2025 and were signed by:

K Hannan - Director

1.	STATUTORY INFORMATION

Right-Advice Mortgage Consultancy Ltd is a private company, limited by shares , registered in England and Wales. 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.

The company's settles its obligations as they fall due . The director has considered the future profitability and cash flow of the business, which remains positive. On this basis the director considers that the going concern basis of preparation to be appropriate.

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.

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2024

4,349

2,452

6,801

Additions

463

940

1,403

At 28 February 2025

4,812

3,392

8,204

DEPRECIATION

At 1 March 2024

1,737

1,393

3,130

Charge for year

351

504

855

At 28 February 2025

2,088

1,897

3,985

NET BOOK VALUE

At 28 February 2025

2,724

1,495

4,219

At 29 February 2024

2,612

1,059

3,671

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

K Hannan

Balance outstanding at start of year

(43

)

4,258

Amounts repaid

(10,925

)

(4,301

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(10,968

)

(43

)

The sum of £10,968 is owed by the company to the director, ( 2024 - £43) . No interest has been paid or accrued on the sum outstanding .

£10,968 was the maximum amount outstanding during the period.