REGISTERED NUMBER: 14649239 (England and Wales)

GABLE MORTGAGES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr P H De Villiers

Mr C Eaton

Mr M Nahon

Mr J M Weinstein

Mr J Slabbert

Registered office:

69 High Street

Southgate

London

N14 6LD

Registered number:

14649239 (England and Wales)

Accountants:

Rock Tax & Accounting Ltd

69 High Street

Southgate

London

N14 6LD

Fixed assets

Tangible assets

4

-

12,384

Current assets

Debtors

5

916,043

255,436

Cash at bank

340,732

-

1,256,775

255,436

Creditors

Amounts falling due within one year

6

2,795,099

23,039

Net current (liabilities)/assets

(1,538,324

)

232,397

Total assets less current liabilities

(1,538,324

)

244,781

Capital and reserves

Called up share capital

50,000

50,000

Share premium

3,450,000

3,450,000

Retained earnings

(5,038,324

)

(3,255,219

)

Shareholders' funds

(1,538,324

)

244,781

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 26 May 2026 and were signed on its behalf by:

Mr J M Weinstein - Director

1.	Statutory information

Gable Mortgages Ltd 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 pound sterling (£) and the level of rounding is

the nearest £1.

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.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment - 33.33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

Financial instruments

The company has entered into basic financial instruments only. These comprise intercompany and other debtors, trade and other creditors, and cash at bank. Financial assets and liabilities are recognised at transaction price. Debtors are reviewed for impairment at each reporting date.

Taxation

Taxation represents the amount payable or recoverable in respect of the current accounting period. Current tax is recognised at the amount expected to be paid using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

As at 31 December 2025, the company has tax losses carried forward available for offset against future taxable profits. No deferred tax asset has been recognised, as the directors consider that it is not yet sufficiently certain that future taxable profits will be available against which the losses can be utilised.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern

The financial statements have been prepared on a going concern basis. The company incurred a loss during the year and is reliant on continued financial support from its shareholders.

The directors have prepared forecasts which demonstrate that the company will become profitable in the following financial year and, together with continued shareholder support, provide a reasonable expectation that the company will be able to meet its obligations as they fall due for at least 12 months from the date of approval of these financial statements.

Accordingly, the financial statements have been prepared on a going concern basis.

3.	Employees and directors

The average number of employees during the year was 5 (2024 - 3 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2025

16,724

Disposals

(16,724

)

At 31 December 2025

-

Depreciation

At 1 January 2025

4,340

Eliminated on disposal

(4,340

)

At 31 December 2025

-

Net book value

At 31 December 2025

-

At 31 December 2024

12,384

5.

Debtors: amounts falling due within one year

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

916,043

250,436

Other debtors

-

5,000

916,043

255,436

6.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade creditors

236,172

-

Amounts owed to group undertakings

2,554,093

-

Other creditors

4,834

23,039

2,795,099

23,039