REGISTERED NUMBER: 15792741 (England and Wales)

ALBANY PARK MORTGAGES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 JUNE 2024 TO 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B Ismayil

REGISTERED OFFICE:

3 Turnberry House

4400 Parkway

Whiteley

Fareham

Hampshire

P15 7FJ

REGISTERED NUMBER:

15792741 (England and Wales)

CURRENT ASSETS

Debtors

4

152,244

Cash in hand

100

152,344

CREDITORS

Amounts falling due within one year

5

(123,296

)

NET CURRENT ASSETS

29,048

TOTAL ASSETS LESS CURRENT LIABILITIES

29,048

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

28,948

29,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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.

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 31 December 2025 and were signed by:

B Ismayil - Director

1.	STATUTORY INFORMATION

Albany Park Mortgages Limited 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for mortgage services provided to external customers in the ordinary nature of the business. Turnover is shown net of Value Added Tax.

Client fees (mortgage advice) - turnover is recognised at the point an application is submitted to a lender.

Procuration fees (mortgages) - turnover is recognised at the point an application is submitted to a lender.

Protection income - turnover is recognised at the point when the insurance policy goes 'on risk' with the insurer.

Turnover is recognised in relation to separately identifiable components of a single transaction when necessary to reflect the substance of the arrangement and in relation to two or more linked transactions when necessary to understand the commercial effect.

Financial instruments

Basic financial assets, which include trade and other debtors, cash, bank balances and amounts due from group companies, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

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 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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

24,269

Other debtors

127,975

152,244

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

123,296

6.	ULTIMATE CONTROLLING PARTY

From 28 October 2024 the Company's immediate parent company is OneDome Finance Limited and its ultimate parent company is OneDome Limited. The ultimate controlling party is Mr B Ismayil.

Prior to 28 October 2024, the Company's immediate parent company was Farnborough X92 Limited.