DERBYSHIRE MORTGAGES & PROTECTION

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S M W Dunn

REGISTERED OFFICE:

4 Lime Tree Close

Tibshelf

Alfreton

Derbyshire

DE55 5RF

REGISTERED NUMBER:

12631487 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Tangible assets

4

2,664

2,609

CURRENT ASSETS

Debtors

5

5,642

16,454

Cash at bank

117,579

73,278

123,221

89,732

CREDITORS

Amounts falling due within one year

6

61,381

15,007

NET CURRENT ASSETS

61,840

74,725

TOTAL ASSETS LESS CURRENT LIABILITIES

64,504

77,334

PROVISIONS FOR LIABILITIES

8

700

700

NET ASSETS

63,804

76,634

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

62,804

75,634

SHAREHOLDERS' FUNDS

63,804

76,634

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

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

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2026 and were signed by:

Mrs S M W Dunn - Director

1.	STATUTORY INFORMATION

Derbyshire Mortgages & Protection 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.

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

-

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 Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

1,532

4,613

6,145

Additions

740

-

740

At 31 May 2025

2,272

4,613

6,885

DEPRECIATION

At 1 June 2024

713

2,823

3,536

Charge for year

238

447

685

At 31 May 2025

951

3,270

4,221

NET BOOK VALUE

At 31 May 2025

1,321

1,343

2,664

At 31 May 2024

819

1,790

2,609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,642

16,454

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

310

-

Taxation and social security

28,461

12,861

Other creditors

32,610

2,146

61,381

15,007

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

13,314

-

Between one and five years

25,519

-

38,833

-

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

700

700

Deferred

tax

£

Balance at 1 June 2024

700

Accelerated capital allowances

Balance at 31 May 2025

700

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Share capital 1

£1

1,000

1,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

Mrs S M W Dunn

Balance outstanding at start of year

7,889

(235

)

Amounts advanced

73,944

60,237

Amounts repaid

(111,060

)

(52,113

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(29,227

)

7,889

Interest is charged on loans to directors at HMRC approved rates. The amount charged during the year was £219.44 (2024: £139.25)