Mortmain Limited - Period Ending 2014-12-31

 
 
 
 
 
 
 
  Mortmain Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 December 2014
 
  Company Registration Number: 04755951

Mortmain Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Mortmain Limited
Abbreviated Balance Sheet
31 December 2014

		Note			2014 £			2013 £
Current assets
Debtors					1,466			21,708
Cash at bank and in hand					-			7,027
					1,466			28,735
Creditors: Amounts falling due within one year					(6,093)			(5,499)
Net (liabilities)/assets					(4,627)			23,236
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(4,628)			23,235
Shareholders' (deficit)/funds					(4,627)			23,236

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Mortmain Limited
Abbreviated Balance Sheet
31 December 2014 ......... continued

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 September 2015 and signed on its behalf by:

Mrs J C M Marrin
Director

Company Registration Number: 04755951

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Mortmain Limited
Notes to the Abbreviated Accounts
Year Ended 31 December 2014 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis. The company is reliant upon the continued support of its directors who have assessed the future viability of the company and confirm that it will continue to trade beyond the next 12 months.

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estiimated redidual value, over their expected useful economic life as follows:

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

Research and development

Research and development expenditure is written off as incurred.

Page 3

Mortmain Limited
Notes to the Abbreviated Accounts
Year Ended 31 December 2014 ......... continued

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 January 2014		30,000			30,000
At 31 December 2014		30,000			30,000
Depreciation
At 1 January 2014		30,000			30,000
At 31 December 2014		30,000			30,000
Net book value
At 31 December 2014		-			-
At 31 December 2013		-			-

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

4	Related party transactions

Directors' advances and credits

	2014 Advance   £	2014 Repaid   £	2013 Advance   £	2013 Repaid   £
Mrs J C M Marrin
Interest bearing advance	-	21,708	21,708	-

Page 4