MORTIMER BTL 2023-1 PLC
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Next accounts due
2026-09-28 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-12 (in 5mo)
Last made up 2025-09-28
Watchouts
None on the register
Cash
£13M
Latest balance sheet
Net assets
£13M
Equity attributable
Employees
0
Average over period
Profit before tax
£1M
Period ending 2025-03-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £12,167,000 | £1,057,000 | |
| Net profit | £12,167,000 | £1,057,000 | |
| Cash | £16,339,000 | £13,173,000 | |
| Total assets less current liabilities | £270,254,000 | £273,021,000 | |
| Net assets | £12,217,000 | £13,274,000 | |
| Equity | £12,217,000 | £13,274,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 96.9% | 95.6% | |
| Current ratio | 1.15x | 1.55x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has reported a £1,057k profit before taxation for the current year and is in a net asset position as at 31 March 2025. It is the intention of the directors of the Company to continue in its operations in accordance with the transaction documents. Ultimately due to the limited recourse nature of the loan notes, any shortfall in the proceeds of the mortgage loans will be a risk to the holders of the loan notes. If the proceeds from the mortgage loans are insufficient to pay amounts due to the holders of the loan notes, such amounts will cease to be due and payable by the Company. The impact of world events and the resultant cost of living crisis has been assessed at a LendInvest Group level and several financial plans have been prepared for the forthcoming year across a range of potential scenarios. The directors have reviewed these plans and consider the Company to have sufficient resources to continue its activities for 12 months from the report signing date, including against the most severe but plausible outcome and do not consider there to be any material uncertainty.”
Significant events
- “On 7 May 2025, the Bank of England cut interest rates from 4.50% to 4.25% and on 7 August 2025 there was a further interest rate cut from 4.25% to 4.00%.. As at the report date there has been no material impact from this interest rate cut on the Company's financial performance or cash flows.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAW DEBENTURE CORPORATE SERVICES LIMITED | Corporate Secretary | 2023-09-29 | — | — |
| FILER, Mark Howard | Director | 2023-09-29 | Jun 1967 | British |
| L.D.C. SECURITISATION DIRECTOR NO. 1 LIMITED | Corporate Director | 2023-09-29 | — | — |
| L.D.C. SECURITISATION DIRECTOR NO. 2 LIMITED | Corporate Director | 2023-09-29 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mortimer Btl 2023-1 Parent Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-29 | Active |
Filing timeline
Last 14 of 14 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-16 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-03-19 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-12-20 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-05 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-12-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-30 | CERT8A | incorporation | Legacy | |
| 2023-10-30 | SH50 | reregistration | Application trading certificate | |
| 2023-10-07 | SH01 | capital | Capital allotment shares | |
| 2023-09-29 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.