Northbank Mortgage Solutions Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12425176 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Northbank Mortgage Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J W Dodgson

K Dodgson

REGISTERED OFFICE:

13 Atley Business Park

Cramlington

NE23 1WP

REGISTERED NUMBER:

12425176 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

28

94

CURRENT ASSETS

Debtors

5

15,060

9,696

Cash at bank

21,083

19,764

36,143

29,460

CREDITORS

Amounts falling due within one year

6

(16,024

)

(15,048

)

NET CURRENT ASSETS

20,119

14,412

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,147

14,506

CREDITORS

Amounts falling due after more than one
year

7

(20,132

)

(13,578

)

PROVISIONS FOR LIABILITIES

8

-

(19

)

NET ASSETS

15

909

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

13

907

SHAREHOLDERS' FUNDS

15

909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

R J W Dodgson - Director

1.	STATUTORY INFORMATION

Northbank Mortgage Solutions 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with related parties conducted under normal market conditions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Revenue from the provision of services is recognised when the mortgages have been provided to the final customer.

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

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 May 2024

and 30 April 2025

327

1,087

1,414

DEPRECIATION

At 1 May 2024

233

1,087

1,320

Charge for year

66

-

66

At 30 April 2025

299

1,087

1,386

NET BOOK VALUE

At 30 April 2025

28

-

28

At 30 April 2024

94

-

94

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

26

Other debtors

2

Directors' current accounts

15,012

9,622

Prepayments

46

15,060

9,696

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

4,439

2,663

Taxation and social security

10,385

11,185

Accruals and deferred income

1,200

16,024

15,048

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

4,632

2,670

Bank loans - 2-5 years

15,278

8,010

Bank loans more than 5 years

222

2,898

20,132

13,578

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

222

2,898

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

-

19

Deferred

tax

£

Balance at 1 May 2024

19

Accelerated capital allowances

(19

)

Balance at 30 April 2025

-

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

R J W Dodgson

Balance outstanding at start of year

9,622

9,445

Amounts advanced

23,490

57,379

Amounts repaid

(18,100

)

(57,202

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

15,012

9,622

11.	RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below:

2025

2024

£

Amounts due from directors

15,012

9,622

No interest has been charged.