REGISTERED NUMBER: 06386364 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

MORTGAGE MEDICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Bloomfield

S A Murphy

REGISTERED OFFICE:

353A Portland Road

Hove

East Sussex

BN3 5SF

REGISTERED NUMBER:

06386364 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

4

29,027

12,809

Tangible assets

5

19,911

27,187

Investments

6

64,764

54,694

113,702

94,690

CURRENT ASSETS

Cash at bank

111,342

177,916

CREDITORS

Amounts falling due within one year

7

54,794

80,414

NET CURRENT ASSETS

56,548

97,502

TOTAL ASSETS LESS CURRENT LIABILITIES

170,250

192,192

CREDITORS

Amounts falling due after more than one year

8

-

(1,667

)

PROVISIONS FOR LIABILITIES

9

(2,087

)

(2,878

)

NET ASSETS

168,163

187,647

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

49

49

Fair value reserve

14,496

4,694

Capital redemption reserve

(2,999

)

(2,999

)

Retained earnings

156,517

185,803

168,163

187,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2026 and were signed on its behalf by:

J Bloomfield - Director

S A Murphy - Director

1.	STATUTORY INFORMATION

Mortgage Medics 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents fees generated from mortgage referral services and is recognised at the point the services are concluded.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of customer lists in 2025 & 2026, is being amortised evenly over its estimated useful life of seven years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Long leasehold

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 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.

Fixed asset investments

Fixed asset investments are initially measured at cost, subsequently they are measured at fair value with any gains or losses recognised in the profit and loss account. The net overall gain on revaluation is subsequently transferred to a non-distributable reserve, through a transfer between reserves.

3.

EMPLOYEES

The average number of employees during the year was 12 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 April 2025

9,019

3,790

12,809

Additions

20,466

526

20,992

At 31 March 2026

29,485

4,316

33,801

AMORTISATION

Amortisation for year

2,961

1,813

4,774

At 31 March 2026

2,961

1,813

4,774

NET BOOK VALUE

At 31 March 2026

26,524

2,503

29,027

At 31 March 2025

9,019

3,790

12,809

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

94,282

3,395

51,781

32,050

181,508

Additions

-

-

4,185

391

4,576

At 31 March 2026

94,282

3,395

55,966

32,441

186,084

DEPRECIATION

At 1 April 2025

71,574

3,395

48,420

30,932

154,321

Charge for year

9,429

-

1,654

769

11,852

At 31 March 2026

81,003

3,395

50,074

31,701

166,173

NET BOOK VALUE

At 31 March 2026

13,279

-

5,892

740

19,911

At 31 March 2025

22,708

-

3,361

1,118

27,187

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

54,694

Revaluations

10,070

At 31 March 2026

64,764

NET BOOK VALUE

At 31 March 2026

64,764

At 31 March 2025

54,694

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2024

4,163

Valuation in 2025

263

Valuation in 2026

10,070

Cost

50,268

64,764

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

as restated

£

£

Bank loans and overdrafts

1,666

10,000

Tax

14,838

44,113

Social security and other taxes

23,453

13,790

Other creditors

8,742

8,012

Directors' loan accounts

884

599

Accrued expenses

5,211

3,900

54,794

80,414

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

as restated

£

£

Bank loans - 1-2 years

-

1,667

9.	PROVISIONS FOR LIABILITIES

2026

2025

as restated

£

£

Deferred tax

2,087

2,878

Deferred

tax

£

Balance at 1 April 2025

2,878

Accelerated capital allowances

(791

)

Balance at 31 March 2026

2,087