REGISTERED NUMBER: 12694249 (England and Wales)

MARKMORTGAGES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

M P Doughty

Mrs J L Doughty

REGISTERED OFFICE:

167 Yarborough Road

Lincoln

LN1 1HP

REGISTERED NUMBER:

12694249 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Intangible assets

4

12,594

15,112

Tangible assets

5

1,156

-

13,750

15,112

CURRENT ASSETS

Debtors

6

11,003

11,221

Cash at bank

41,004

21,169

52,007

32,390

CREDITORS

Amounts falling due within one year

7

26,498

15,495

NET CURRENT ASSETS

25,509

16,895

TOTAL ASSETS LESS CURRENT LIABILITIES

39,259

32,007

CREDITORS

Amounts falling due after more than one year

8

-

(200

)

PROVISIONS FOR LIABILITIES

(289

)

-

NET ASSETS

38,970

31,807

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

38,870

31,707

SHAREHOLDERS' FUNDS

38,970

31,807

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 7 September 2026 and were signed on its behalf by:

M P Doughty - Director

1.	STATUTORY INFORMATION

MARKMortgages 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from mortgage advice is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to advice given.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

25,184

AMORTISATION

At 1 April 2025

10,072

Charge for year

2,518

At 31 March 2026

12,590

NET BOOK VALUE

At 31 March 2026

12,594

At 31 March 2025

15,112

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,726

At 31 March 2026

1,726

DEPRECIATION

Charge for year

570

At 31 March 2026

570

NET BOOK VALUE

At 31 March 2026

1,156

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,899

6,742

Other debtors

8,104

4,479

11,003

11,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

600

Trade creditors

4,551

-

Taxation and social security

13,100

9,975

Other creditors

8,847

4,920

26,498

15,495

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

200

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan account totalling £1,712 overdrawn brought forward (2025: £3,657 in credit). During the year, the directors of the company borrowed £5,479 (2025: £5,681) from the company and repaid £2,024 (2025: £312). The balance at the end of the year totalled £5,167 overdrawn (2025: £1,712 overdrawn).