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Registration number: 07309311

The Mortgage Company (1993) Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

The Mortgage Company (1993) Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

The Mortgage Company (1993) Ltd

Company Information

Director | Mr Jeremy Sui Wah Wong

Registered office | c/o Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

Solicitors | Brewer Wallace Shackles Chambers 7 Land of Green Ginger Hull East Yorkshire HU1 2ED

Bankers | Lloyds Bank Silver Street Hull

Accountants | Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

The Mortgage Company (1993) Ltd

(Registration number: 07309311)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 815,140 | 588,299
Current assets |  |  |
Debtors | 5 | 45,145 | 55,260
Cash at bank and in hand |  | 303,015 | 314,718
|  | 348,160 | 369,978
Creditors: Amounts falling due within one year | 6 | (302,137) | (6,251)
Net current assets |  | 46,023 | 363,727
Total assets less current liabilities |  | 861,163 | 952,026
Provisions for liabilities |  | (31,955) | (42,804)
Net assets |  | 829,208 | 909,222
Capital and reserves |  |  |
Called up share capital | 7 | 325,000 | 325,000
Non-distributable reserve |  | 105,802 | 146,310
Retained earnings |  | 398,406 | 437,912
Shareholders' funds |  | 829,208 | 909,222

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2026

The Mortgage Company (1993) Ltd

(Registration number: 07309311)
Balance Sheet as at 31 July 2025

......................................... Mr Jeremy Sui Wah Wong Director

The Mortgage Company (1993) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Flexibility Professional Services (UK) Ltd
Cherry Tree Court
36 Ferensway
Hull
East Yorkshire
HU2 8NH
United Kingdom

These financial statements were authorised for issue by the director on 15 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

The Mortgage Company (1993) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Government grants

Government grants are charged to the Profit and Loss account on accrual basis unless they are connected to an asset purchase in which case they amortised over the life of the asset. Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | Reducing balance basis at 25%
Motor vehicles | Reducing balance basis at 25%
Freehold property | Reducing balance basis at 10%

The Mortgage Company (1993) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRS102, as follows:
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the Non-distributable reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

The Mortgage Company (1993) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 553,080 | 3,389 | 71,508 | 627,977
Revaluations | (50,010) | - | - | (50,010)
Additions | 284,775 | - | - | 284,775
At 31 July 2025 | 787,845 | 3,389 | 71,508 | 862,742
Depreciation
At 1 August 2024 | 2,022 | 1,606 | 36,050 | 39,678
Charge for the year | 386 | 446 | 7,092 | 7,924
At 31 July 2025 | 2,408 | 2,052 | 43,142 | 47,602
Carrying amount
At 31 July 2025 | 785,437 | 1,337 | 28,366 | 815,140
At 31 July 2024 | 551,058 | 1,783 | 35,458 | 588,299

Included within the net book value of land and buildings above is £785,437 (2024 - £551,058) in respect of freehold land and buildings.

5 | Debtors

The Mortgage Company (1993) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Current | 2025 £ | 2024 £
Prepayments | 7,264 | 8,747
Other debtors | 37,881 | 46,513
| 45,145 | 55,260

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 379 | 382
Accruals and deferred income | 2,113 | 2,113
Other creditors | 299,645 | 3,756
| 302,137 | 6,251

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary £1 of £1 each | 325,000 | 325,000 | 325,000 | 325,000

8 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (40,508) | (40,508)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

The Mortgage Company (1993) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | (163,120) | (163,120)

The Mortgage Company (1993) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 11,527 | 11,527
Later than one year and not later than five years | 22,040 | 33,567
| 33,567 | 45,094

The amount of non-cancellable operating lease payments recognised as an expense during the year was £11,527 (2024 - £1,014).

10 | Related party transactions

Transactions with the director

2025 | At 1 August 2024 £ | Repayments by director £ | At 31 July 2025 £
Mr Jeremy Sui Wah Wong
Directors Loan Account | 36 | (296,467) | (296,431)

2024 | At 1 August 2023 £ | Advances to director £ | At 31 July 2024 £
Mr Jeremy Sui Wah Wong
Directors Loan Account | (62,919) | 62,955 | 36

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 7,800 | 6,950
Contributions paid to money purchase schemes | 60,000 | 40,000
| 67,800 | 46,950