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Company Registration No. 14737823 (England and Wales)
DISCOVER MORTGAGE LTD Unaudited accounts for the year ended 31 March 2026
DISCOVER MORTGAGE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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DISCOVER MORTGAGE LTD Company Information for the year ended 31 March 2026
Director
Yuan ZHANG
Company Number
14737823 (England and Wales)
Registered Office
20 BURTON ROAD MANCHESTER GREATER MANCHESTER M20 3ED ENGLAND
Accountants
Lams Accountants 20 Burton Road Didsbury Manchester Greater Manchester M20 3ED
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DISCOVER MORTGAGE LTD Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
1,933
-
Current assets
Cash at bank and in hand
41,940
16,561
Creditors: amounts falling due within one year
5
(16,657)
(8,610)
Net current assets
25,283
7,951
Net assets
27,216
7,951
Capital and reserves
Called up share capital
10
10
Profit and loss account
27,206
7,941
Shareholders' funds
27,216
7,951
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 July 2026 and were signed on its behalf by
Yuan ZHANG Director Company Registration No. 14737823
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DISCOVER MORTGAGE LTD Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
DISCOVER MORTGAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 14737823. The registered office is 20 BURTON ROAD, MANCHESTER, GREATER MANCHESTER, M20 3ED, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
-
-
-
Additions
243
2,148
2,391
At 31 March 2026
243
2,148
2,391
Depreciation
Charge for the year
29
-
29
Surplus on revaluation
-
429
429
At 31 March 2026
29
429
458
Net book value
At 31 March 2026
214
1,719
1,933
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DISCOVER MORTGAGE LTD Notes to the Accounts for the year ended 31 March 2026
5
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security
6,529
632
Other creditors
-
1,047
Loans from directors
10,128
6,636
Accruals
-
295
16,657
8,610
6
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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