REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2022 |
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MONEYPLUS MORTGAGES LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2022 |
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FOR |
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MONEYPLUS MORTGAGES LIMITED |
MONEYPLUS MORTGAGES LIMITED (REGISTERED NUMBER: 11855379) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 28th February 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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MONEYPLUS MORTGAGES LIMITED |
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COMPANY INFORMATION |
for the Year Ended 28th February 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 City Road East |
Manchester |
M15 4PN |
MONEYPLUS MORTGAGES LIMITED (REGISTERED NUMBER: 11855379) |
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BALANCE SHEET |
28th February 2022 |
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2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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MONEYPLUS MORTGAGES LIMITED (REGISTERED NUMBER: 11855379) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 28th February 2022 |
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1. | STATUTORY INFORMATION |
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Moneyplus Mortgages Limited is a private company limited by share capital, incorporated in England & Wales, registration number 07310059. The address of the principal place of business and the registered office is Riverside, New Bailey Street, Manchester, M3 5FS. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents commission amounts in respect of the provision of mortgages to individuals as is recognised as the service is provided. Turnover is exclusive of Value Added Tax where applicable. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Trade and other debtors |
Trade and other debtors are recognised and carried at their nominal value and are reduced by appropriate allowances for irrecoverable amounts. Provision for impairment is made through profit or loss when there is objective evidence that the Company will not be able to recover balances in full. Balances are written off when probability of recovery is assessed as being remote. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
MONEYPLUS MORTGAGES LIMITED (REGISTERED NUMBER: 11855379) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28th February 2022 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Taxation and social security |
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Other creditors |
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6. | SECURED DEBTS |
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Intriva Resolution Advisors LLP dated 15th March 2021, created a fixed and floating charge over all the property and undertaking of the company. This also contains a negative pledge. |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | £1.00 | 1 | 1 |
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8. | ULTIMATE CONTROLLING PARTY |
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The Company is a wholly owned subsidiary of MoneyPlus Intermediary Limited. The ultimate parent undertaking and controlling parties are MoneyPlus Holdings Limited and the shareholders of this company, which is incorporated in England and Wales. |
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The parent company of the largest and smallest group that includes the Company and for which group financial statements are prepared in MoneyPlus Holdings Limited. Copies of MoneyPlus Holdings Limited's financial statements can be obtained from the registered office at Riverside, New Bailey Street, Manchester M3 5FS. |