Company No: 10985778 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	357		476
Tangible assets	4	13,651		13,174
		14,008		13,650
Current assets
Debtors	5	217,797		69,348
Cash at bank and in hand		156,678		141,663
		374,475		211,011
Creditors: amounts falling due within one year	6	( 64,818)		( 67,240)
Net current assets		309,657		143,771
Total assets less current liabilities		323,665		157,421
Net assets		323,665		157,421
Capital and reserves
Called-up share capital		100		100
Profit and loss account		323,565		157,321
Total shareholders' funds		323,665		157,421

For the financial year ending 30 September 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 financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Barrett Mortgages Ltd (registered number: 10985778) were approved and authorised for issue by the Director on 24 July 2026. They were signed on its behalf by:

D C D Barrett Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Barrett Mortgages Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 26 Parkstone Road, Poole, Dorset, BH15 2PG.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover from services comprises commission and referral fees received

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

25 % reducing balance

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	6		6

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 October 2024	1,152		1,152
At 30 September 2025	1,152		1,152
Accumulated amortisation
At 01 October 2024	676		676
Charge for the financial year	119		119
At 30 September 2025	795		795
Net book value
At 30 September 2025	357		357
At 30 September 2024	476		476

4. Tangible assets

	Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 October 2024	969		18,621		6,923		26,513
Additions	1,124		2,488		975		4,587
At 30 September 2025	2,093		21,109		7,898		31,100
Accumulated depreciation
At 01 October 2024	448		10,703		2,188		13,339
Charge for the financial year	200		2,321		1,589		4,110
At 30 September 2025	648		13,024		3,777		17,449
Net book value
At 30 September 2025	1,445		8,085		4,121		13,651
At 30 September 2024	521		7,918		4,735		13,174

5. Debtors

	2025		2024
	£		£
Other debtors	217,797		69,348

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	61,997		54,753
Other creditors	2,821		12,487
	64,818		67,240

7. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Amount owed by director	210,403		69,085

Interest has been charged on the overdrawn director's loan account, at the current HMRC beneficial loan interest rate