Mortmain Limited - Period Ending 2018-12-31

Mortmain Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2018

Registration number: 04755951

Mortmain Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Mortmain Limited

Company Information

Directors

Mrs J C M Marrin Mr I A Hislop

Registered office

The Creek West Charleton Kingsbridge TQ7 2AW

Accountants

Francis Clark LLP Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE

Page 1

Mortmain Limited

Balance Sheet

31 December 2018

	Note	2018 £	2017 £
Creditors: Amounts falling due within one year	5	(6,708)	(6,515)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(6,709)	(6,516)
Total equity		(6,708)	(6,515)

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

Mortmain Limited

Balance Sheet

31 December 2018

For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 April 2019 and signed on its behalf by:
 

......................................... Mrs J C M Marrin Director

Company Registration Number: 04755951

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Mortmain Limited

Notes to the Financial Statements

Year Ended 31 December 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Creek
West Charleton
Kingsbridge
TQ7 2AW

These financial statements were authorised for issue by the Board on 23 April 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A, and the Companies Act 2006. There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in existence for the foreseeable future. This depends on the continued financial support of the company's directors.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line basis

Page 4

Mortmain Limited

Notes to the Financial Statements

Year Ended 31 December 2018

Financial instruments

Classification
The company holds short term other creditors which are classified as basic financial instruments.
 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2017 - 0).

Page 5

Mortmain Limited

Notes to the Financial Statements

Year Ended 31 December 2018

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2018	30,000	30,000
At 31 December 2018	30,000	30,000
Amortisation
At 1 January 2018	30,000	30,000
At 31 December 2018	30,000	30,000
Carrying amount
At 31 December 2018	-	-
At 31 December 2017	-	-

5

Creditors

Creditors: amounts falling due within one year

	2018  £	2017  £
Due within one year
Director's current account	6,528	6,215
Accrued expenses	180	300
	6,708	6,515

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

Page 6