Company Registration No. 03744756 (England and Wales)
THE MORTGAGE EXPLORER LIMITED
Unaudited accounts
for the year ended 30 April 2017
THE MORTGAGE EXPLORER LIMITED
Unaudited accounts
Contents
THE MORTGAGE EXPLORER LIMITED
Company Information
for the year ended 30 April 2017
Director
M F L D'Espagnac
Company Number
03744756 (England and Wales)
Registered Office
Suite 27-28 Royal Mail House
Terminus Terrace
Southampton
Hampshire
SO14 3FD
United Kingdom
Accountants
THE MILLIONS
Suite 27-28 Royal Mail House
Terminus Terrace
Southampton
Hampshire
SO14 3FD
THE MORTGAGE EXPLORER LIMITED
Statement of financial position
as at
30 April 2017
Tangible assets
845
1,127
Cash at bank and in hand
914
496
Creditors: amounts falling due within one year
(46,951)
(25,246)
Net current assets
14,036
8,003
Called up share capital
8,000
8,000
Profit and loss account
6,881
1,130
Shareholders' funds
14,881
9,130
For the year ending 30 April 2017 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 his 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.
Approved by the Board on 27 January 2018.
M F L D'Espagnac
Director
Company Registration No. 03744756
THE MORTGAGE EXPLORER LIMITED
Notes to the Accounts
for the year ended 30 April 2017
THE MORTGAGE EXPLORER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03744756. The registered office is Suite 27-28 Royal Mail House, Terminus Terrace, Southampton, Hampshire, SO14 3FD, United Kingdom.
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.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The company operates a pension contribution as laid down under auto enrollment through NEST scheme for the benefit of its employees. Contributions payable are recognized in the profit and loss account when due.
THE MORTGAGE EXPLORER LIMITED
Notes to the Accounts
for the year ended 30 April 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2016
4,912
990
5,902
At 30 April 2017
4,912
990
5,902
At 1 May 2016
4,577
198
4,775
Charge for the year
282
-
282
At 30 April 2017
4,859
198
5,057
At 30 April 2017
53
792
845
At 30 April 2016
335
792
1,127
Trade debtors
23,060
23,060
Other debtors
37,013
9,693
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
33,372
-
Trade creditors
3,472
3,472
Taxes and social security
10,107
18,544
Loans from directors
-
3,011
7
Share capital
2017
2016
Allotted, called up and fully paid:
80,000 Ordinary shares of £0.10 each
8,000
8,000
8
Transactions with related parties
Apart from the day out of pocket expenses which has been fully refunded as per the procedure of the company, we have been told that that there is no any other related party transactions that need to be disclosed as required by the relevant accounting standard.
The director and his wife hold 100% shares issued by the company and are the ultimate controlling parties.
THE MORTGAGE EXPLORER LIMITED
Notes to the Accounts
for the year ended 30 April 2017
10
Average number of employees
During the year the average number of employees was 4 (2016: 4).