The Mortgage Store (Ian Wilson) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09447172

THE MORTGAGE STORE (IAN WILSON) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

THE MORTGAGE STORE (IAN WILSON) LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		6,569		7,232

CURRENT ASSETS

Debtors	6	55,385	51,881
Cash at bank and in hand		91,636	54,634
		---------	---------
		147,021	106,515

CREDITORS: amounts falling due within one year	7	34,191		20,809
		---------		---------
NET CURRENT ASSETS			112,830		85,706
			---------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			119,399		92,938

CREDITORS: amounts falling due after more than one year	8		–		4,071

PROVISIONS	1,642	1,308
	---------	--------
NET ASSETS	117,757	87,559
	---------	--------

CAPITAL AND RESERVES

Called up share capital fully paid	11	11
Profit and loss account	117,746	87,548
	---------	--------
SHAREHOLDERS FUNDS	117,757	87,559
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

THE MORTGAGE STORE (IAN WILSON) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 27 October 2026 , and are signed on behalf of the board by:

Mr I Wilson
Director

Company registration number: 09447172

THE MORTGAGE STORE (IAN WILSON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Speight Crescent, Barton Seagrave, Kettering, Northamptonshire, NN15 6FL.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference. Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Computer equipment	-	33% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. TANGIBLE ASSETS

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 1 April 2025	25,240	10,564	35,804
Additions	–	1,752	1,752
	--------	--------	--------
At 31 March 2026	25,240	12,316	37,556
	--------	--------	--------
Depreciation
At 1 April 2025	20,008	8,564	28,572
Charge for the year	1,308	1,107	2,415
	--------	--------	--------
At 31 March 2026	21,316	9,671	30,987
	--------	--------	--------
Carrying amount
At 31 March 2026	3,924	2,645	6,569
	--------	--------	--------
At 31 March 2025	5,232	2,000	7,232
	--------	--------	--------

6. DEBTORS

	2026	2025
	£	£
Trade debtors	55,385	49,006
Other debtors	–	2,875
	--------	--------
	55,385	51,881
	--------	--------

7. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,559	9,904
Trade creditors	1,469	1,197
Corporation tax	21,339	2,248
Social security and other taxes	406	461
Other creditors	7,418	6,999
	--------	--------
	34,191	20,809
	--------	--------

8. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	4,071
	----	-------

9. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	11,500	11,500
Later than 1 year and not later than 5 years	–	11,500
	--------	--------
	11,500	23,000
	--------	--------