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REGISTERED NUMBER: 04821075 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Elmco Limited

Trading as

The Mortgage Brain

Elmco Limited (Registered number: 04821075)

Trading as The Mortgage Brain

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Elmco Limited

Trading as The Mortgage Brain

Company Information

for the Year Ended 30 June 2025

| DIRECTOR: | V L Mora

| REGISTERED OFFICE: | HATS Gloucester Ltd

| 48 Hucclecote Road

| Gloucester

| GL3 3RS

| REGISTERED NUMBER: | 04821075 (England and Wales)

| ACCOUNTANTS: | HATS Gloucester Ltd

| 48 Hucclecote Road

| Gloucester

| Gloucestershire

| GL3 3RS

| BANKERS: | Santander UK plc

| 2 Triton Square

| Regents Place

| London

| NW1 3AN

Elmco Limited (Registered number: 04821075)

Trading as The Mortgage Brain

Statement of Financial Position

30 June 2025

| 30/6/25 | 30/6/24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 34,953 |  | 36,004 |  |

CURRENT ASSETS

Debtors | 5 | 364,803 |  | 338,417 |  |

Cash at bank | 1,101,833 |  | 740,611 |  |

1,466,636 |  | 1,079,028 |  |

CREDITORS

Amounts falling due within one year | 6 | 800,573 |  | 589,177 |  |

NET CURRENT ASSETS | 666,063 |  | 489,851 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 701,016 |  | 525,855 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (64,167 | ) |

PROVISIONS FOR LIABILITIES | - |  | (9,001 | ) |

NET ASSETS | 701,016 |  | 452,687 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 600 |  | 600 |  |

Retained earnings | 700,416 |  | 452,087 |  |

SHAREHOLDERS' FUNDS | 701,016 |  | 452,687 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

Elmco Limited (Registered number: 04821075)

Trading as The Mortgage Brain

Statement of Financial Position - continued

30 June 2025

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 13 January 2026 and were signed by:

V L Mora - Director

Elmco Limited (Registered number: 04821075)

Trading as The Mortgage Brain

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Elmco 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 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the total invoice value, excluding VAT, of services provided during the year and derives from the provision of services falling with the company's ordinary activities. Revenue is recognised on completion of each contract.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 33% on cost

| Fixtures and fittings | - | 20% on cost

| Computer equipment | - | 20% on cost

| 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.

| 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.

Elmco Limited (Registered number: 04821075)

Trading as The Mortgage Brain

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 58 (2024 - 52 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| Cost or valuation

| At 1 July 2024 | - |  | 22,529 |  | 78,732 |  | 101,261 |  |

| Additions | 700 |  | - |  | 16,519 |  | 17,219 |  |

| Disposals | - |  | - |  | (14,563 | ) | (14,563 | ) |

| At 30 June 2025 | 700 |  | 22,529 |  | 80,688 |  | 103,917 |  |

| Depreciation

| At 1 July 2024 | - |  | 20,606 |  | 44,651 |  | 65,257 |  |

| Charge for year | 257 |  | 1,054 |  | 16,844 |  | 18,155 |  |

| Eliminated on disposal | - |  | - |  | (14,448 | ) | (14,448 | ) |

| At 30 June 2025 | 257 |  | 21,660 |  | 47,047 |  | 68,964 |  |

| Net book value

| At 30 June 2025 | 443 |  | 869 |  | 33,641 |  | 34,953 |  |

| At 30 June 2024 | - |  | 1,923 |  | 34,081 |  | 36,004 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/6/25 |  | 30/6/24

£ | £ |

| Trade debtors | 79,957 |  | 68,547 |  |

| Amounts owed by group undertakings | - |  | 2,924 |  |

| Other debtors | 284,846 |  | 266,946 |  |

364,803 |  | 338,417 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loans and overdrafts | 64,167 |  | 70,000 |  |

| Trade creditors | 8,374 |  | 8,601 |  |

| Amounts owed to group undertakings | 76 |  | - |  |

| Taxation and social security | 358,377 |  | 174,330 |  |

| Other creditors | 369,579 |  | 336,246 |  |

800,573 |  | 589,177 |  |

Elmco Limited (Registered number: 04821075)

Trading as The Mortgage Brain

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loans | - |  | 64,167 |  |

8. | LEASING AGREEMENTS

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

| 30/6/25 |  | 30/6/24

£ | £ |

| Within one year | 2,018 |  | 12,018 |  |

| Between one and five years | 2,185 |  | 4,203 |  |

4,203 |  | 16,221 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30/6/25 |  | 30/6/24

£ | £ |

| Bank loans | 64,167 |  | 134,167 |  |

| The bank loan is secured by way of fixed and floating charges over the company's assets.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30/6/25 |  | 30/6/24

| value: | £ | £ |

| 262 | Ordinary | £1 | 262 |  | - |  |

| 338 | Ordinary A | £1 | 338 |  | 450 |  |

| NIL | Ordinary B | £1 | - |  | 150 |  |

600 |  | 600 |  |

| During the year, 112 Ordinary A £1 shares and 150 Ordinary B £1 shares were re-designated as Ordinary £1 shares.

11. | RELATED PARTY DISCLOSURES

| EKCE Ltd

| Parent company

| At 30 June 2025, Elmco Ltd owed EKCE Ltd £76 (2024 - EKCE Ltd owed £2,924 to Elmco Ltd). The loan is interest free with no fixed repayment terms.

12. | ULTIMATE CONTROLLING PARTY

| The company is controlled by EKCE Ltd, a company controlled by the director V L Mora and his spouse. EKCE Ltd, which shares the same registered office as Elmco Limited, has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Elmco Limited (Registered number: 04821075)

Trading as The Mortgage Brain

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

13. | CAPITAL ADEQUACY

| The company is regulated by the Financial Conduct Authority (FCA). At the year end the company reviewed the FCA's capital adequacy requirements and confirmed that they have been met.