The Mortgage Hive Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11458136 (England and Wales)

THE MORTGAGE HIVE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P S Haydon

SECRETARY:

I C Rooker

REGISTERED OFFICE:

707b Wimborne Road

Bournemouth

Dorset

BH9 2AU

REGISTERED NUMBER:

11458136 (England and Wales)

ACCOUNTANTS:

Sau Kee Li CTA ATT

87 North Road

Parkstone

Poole

Dorset

BH14 0LT

FIXED ASSETS

Tangible assets

4

4,804

6,405

CURRENT ASSETS

Debtors

5

1,505

-

Cash at bank

35,374

36,778

36,879

36,778

CREDITORS

Amounts falling due within one year

6

13,320

15,145

NET CURRENT ASSETS

23,559

21,633

TOTAL ASSETS LESS CURRENT LIABILITIES

28,363

28,038

CREDITORS

Amounts falling due after more than one year

7

19,845

18,958

NET ASSETS

8,518

9,080

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8,517

9,079

SHAREHOLDERS' FUNDS

8,518

9,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8 August 2023 and were signed by:

P S Haydon - Director

1.	STATUTORY INFORMATION

The Mortgage Hive Ltd 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2022

and 31 July 2023

7,206

DEPRECIATION

At 1 August 2022

801

Charge for year

1,601

At 31 July 2023

2,402

NET BOOK VALUE

At 31 July 2023

4,804

At 31 July 2022

6,405

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,205

-

Other debtors

300

-

1,505

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

641

6,720

Taxation and social security

11,959

7,550

Other creditors

720

875

13,320

15,145

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

19,845

18,958

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

19,845

18,958