REGISTERED NUMBER: 04311930 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

AMAC MORTGAGES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Mcpherson

SECRETARY:

Mr M Hayman

REGISTERED OFFICE:

Unit 1 Beta Centre

262 Ringwood Road

Poole

Dorset

BH14 0RS

REGISTERED NUMBER:

04311930 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

4

6,403

7,435

CURRENT ASSETS

Debtors

5

69,311

98,404

Cash at bank and in hand

66,034

12,552

135,345

110,956

CREDITORS

Amounts falling due within one year

6

116,967

76,879

NET CURRENT ASSETS

18,378

34,077

TOTAL ASSETS LESS CURRENT LIABILITIES

24,781

41,512

CREDITORS

Amounts falling due after more than one year

7

-

(7,427

)

PROVISIONS FOR LIABILITIES

(1,543

)

(1,838

)

NET ASSETS

23,238

32,247

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

23,138

32,147

23,238

32,247

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 30 March 2026 and were signed by:

Mr A Mcpherson - Director

1.	STATUTORY INFORMATION

Amac 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.

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 the value of work performed during the year with respect to services.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, excluding discounts, and is shown net of VAT and other sales related 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

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments

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 November 2024

14,064

24,172

38,236

Additions

-

569

569

At 31 October 2025

14,064

24,741

38,805

DEPRECIATION

At 1 November 2024

11,836

18,965

30,801

Charge for year

557

1,044

1,601

At 31 October 2025

12,393

20,009

32,402

NET BOOK VALUE

At 31 October 2025

1,671

4,732

6,403

At 31 October 2024

2,228

5,207

7,435

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

69,311

98,404

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,500

29,664

Trade creditors

271

7,592

Taxation and social security

38,877

32,469

Other creditors

70,319

7,154

116,967

76,879

During the 2020 financial period, the company was granted a bounce back loan. This has been taken in line with the accepted government terms. It is denominated in £ with a nominal interest rate of 2.5%. The carrying amount at the 2025 year end was £7,500.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,427

8.	OTHER FINANCIAL COMMITMENTS

The rental and hire amounts included within the accounts are attached to no specific commitment and are paid on a rolling monthly basis.

During the year the company has entered in credit arrangements with a company for insurance, regulatory fees and corporation tax liabilities. All payments are settled within one year.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr A Mcpherson

Balance outstanding at start of year

77,514

73,086

Amounts advanced

84,641

87,023

Amounts repaid

(114,346

)

(82,595

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,809

77,514

The above loan is unsecured and repayable on demand. Interest is charged at 2.5%.