REGISTERED NUMBER: 11945863 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2025

for

Asset Harbour Mortgages & Protection Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A. E. Barnes

Mr G. J. Collin

REGISTERED OFFICE:

54a Church Road

Ashford

Middlesex

TW15 2TS

REGISTERED NUMBER:

11945863 (England and Wales)

ACCOUNTANTS:

Ashwells Associates Limited

Chartered Certified Accountants

54a Church Road

Ashford

Middlesex

TW15 2TS

FIXED ASSETS

Tangible assets

4

51,767

33,115

CURRENT ASSETS

Debtors

5

118,793

76,717

Cash at bank

224,536

265,998

343,329

342,715

CREDITORS

Amounts falling due within one year

6

70,419

50,030

NET CURRENT ASSETS

272,910

292,685

TOTAL ASSETS LESS CURRENT LIABILITIES

324,677

325,800

CREDITORS

Amounts falling due after more than one year

7

(32,074

)

(39,297

)

PROVISIONS FOR LIABILITIES

8

(298,768

)

(242,752

)

NET (LIABILITIES)/ASSETS

(6,165

)

43,751

CAPITAL AND RESERVES

Called up share capital

124

124

Retained earnings

(6,289

)

43,627

SHAREHOLDERS' FUNDS

(6,165

)

43,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

Mr G. J. Collin - Director

1.	STATUTORY INFORMATION

Asset Harbour Mortgages & Protection 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provision for liabilities

The company maintains a provision for fee clawback at 8% on the fee receivable in order to meet the contingent future claims. The clawback provision is released back to fee receivable over following 10 years on straight line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

2,977

48,490

7,377

58,844

Additions

5,350

28,155

-

33,505

At 31 March 2025

8,327

76,645

7,377

92,349

DEPRECIATION

At 1 April 2024

1,990

22,351

1,388

25,729

Charge for year

956

12,400

1,497

14,853

At 31 March 2025

2,946

34,751

2,885

40,582

NET BOOK VALUE

At 31 March 2025

5,381

41,894

4,492

51,767

At 31 March 2024

987

26,139

5,989

33,115

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

-

521

Amounts owed by group undertakings

49,811

41,292

Other debtors

68,982

34,904

118,793

76,717

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

258

10,160

Hire purchase contracts

28,586

5,373

Trade creditors

2

709

Taxation and social security

1,025

4,530

Other creditors

40,548

29,258

70,419

50,030

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

13,693

13,951

Hire purchase contracts

18,381

25,346

32,074

39,297

8.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

12,496

7,805

Other provisions

286,272

234,947

298,768

242,752

Deferred

Other

tax

provisions

£

£

Balance at 1 April 2024

7,805

234,947

Provided during year

4,691

51,325

Balance at 31 March 2025

12,496

286,272

9.	RELATED PARTY DISCLOSURES

Included in the debtors is a sum of £49,810 (2024- £41,292) owed from other companies which are directly under the control of the director.

During the year, a consultancy fee of 37,800 (2024 - £39,000) paid to another company which is under common control of the director.

Included in the creditors is a sum of £34,472 (2024-£17,825) owed to the director of the company.