MORTGAGES 1 LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “The principal activity of originating mortgage loans remained inactive throughout the year and no loans were originated or sold during the year (2023: £0). There was no trading activity during the current or prior year and the Company made neither profit nor loss for those years.”
• “2024 was a year dominated by elections, with countries representing more than 60% of global Gross Domestic Product ("GDP") electing new leaders, including the UK, the European Union ("EU") and the US. Following elections in the UK, the new Labour government used the October Budget to announce tax rises and changes to public financing rules focused on closing the UK fiscal deficit.”
• “Geopolitics continued to be a key theme in 2024 due to the ongoing impacts from Russia's invasion of Ukraine, elevated tensions between the US and China, and the war and ongoing tensions in the Middle East.”
• “Earlier in the year, the European Central Bank ("ECB") and then the Bank of England ("BoE") initiated gradual rate cuts, and global monetary policy converged in September when the Federal Reserve also began cutting rates.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  £110,309 → £110,309

• Employees

  —

  Not reported

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers