MORTGAGE CHANGES LTD - Filleted accounts

Registered number

08010248

MORTGAGE CHANGES LTD

Filleted Accounts

31 March 2025

MORTGAGE CHANGES LTD
Registered number:		08010248
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		853			1,054

Current assets
Debtors	4	1,029			889
Cash at bank and in hand		38,153			44,006
		39,182			44,895

Creditors: amounts falling due within one year	5	(16,343)			(15,609)

Net current assets			22,839			29,286

Total assets less current liabilities			23,692			30,340

Creditors: amounts falling due after more than one year	6		(10,000)			(10,000)

Provisions for liabilities			(162)			(200)


Net assets			13,530			20,140

Capital and reserves
Share premium			100			100
Profit and loss account			13,430			20,040

Shareholder's funds			13,530			20,140

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr T A Lawlor
Director
Approved by the board on 28 November 2025

MORTGAGE CHANGES LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration receivable. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:


	Plant and machinery	20% per annum reducing balance basis


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Pensions
	The company did not operate a pension scheme during the year.



2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1
	(including the director)



3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				2,957
	At 31 March 2025				2,957

	Depreciation
	At 1 April 2024				1,903
	Charge for the year				201
	At 31 March 2025				2,104

	Net book value
	At 31 March 2025				853
	At 31 March 2024				1,054




4	Debtors		2025		2024
£				£

	Trade debtors and prepayments		1,029		889





5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors and accruals		1,978		1,536
	Corporation tax		25		25
	Other creditors - director's loan account		14,340		14,048
			16,343		15,609





6	Creditors: amounts falling due after one year		2025		2024
£				£

	Other creditors - director's loan account		10,000		10,000





7	Events after the reporting date
	There were no events after the reporting date which would affect the user's understanding of these accounts.



8	Contingent liabilities
	There were no contingent liabilities in existence at the year end.



9	Controlling party
	The director, Mr T A Lawlor, owns 100% of the issued ordinary share capital of the company.



10	Other information

	MORTGAGE CHANGES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	21 Newington Drive
	Bury
	Lancashire
	BL8 2NE