Edinburgh Intelligent Mortgage Advice Lt - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC212602 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Edinburgh Intelligent

Mortgage Advice Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mr A Robb

Mr G Robb

SECRETARY:

Mr G Robb

REGISTERED OFFICE:

10 Croall Place

Edinburgh

EH7 4LT

REGISTERED NUMBER:

SC212602 (Scotland)

ACCOUNTANTS:

Yates & Co

Chartered Accountants

Registered Auditor

102 Manor Street

Falkirk

Central

FK1 1NU

FIXED ASSETS

Tangible assets

2

345,402

352,785

CURRENT ASSETS

Debtors

49,323

52,518

Cash at bank and in hand

60,263

36,065

109,586

88,583

CREDITORS

Amounts falling due within one year

3

76,756

57,527

NET CURRENT ASSETS

32,830

31,056

TOTAL ASSETS LESS CURRENT LIABILITIES

378,232

383,841

CREDITORS

Amounts falling due after more than one year

3

268,244

282,558

NET ASSETS

109,988

101,283

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

39,600

41,233

Profit and loss account

70,288

59,950

SHAREHOLDERS' FUNDS

109,988

101,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 September 2015 and were signed on its behalf by:

Mr A Robb - Director

Mr G Robb - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2014

391,979

Additions

538

At 31 March 2015

392,517

DEPRECIATION

At 1 April 2014

39,194

Charge for year

7,921

At 31 March 2015

47,115

NET BOOK VALUE

At 31 March 2015

345,402

At 31 March 2014

352,785

3.

CREDITORS

Creditors include an amount of £ 285,660 (31.3.14 - £ 299,974 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

£

Repayable otherwise than by instalments

138,695

138,695

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

Mr G Robb

Balance outstanding at start of year

178

-

Amounts advanced

-

178

Amounts repaid

(178

)

-

Balance outstanding at end of year

-

178

Creditors include the following amounts which are owed to individuals who were directors of the company

during the year:

31.3.15

31.3.14

£

£

Mr A Robb

21,168

19,401

Mr G Robb

17,469

-

38,637

19,401

The maximum balance outstanding during the year amounted to £38,637.

The directors' current accounts are non interest bearing and carry no fixed terms of repayment.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Edinburgh Intelligent Mortgage Advice Ltd. for the year ended 31 March 2015 which comprise

the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Edinburgh Intelligent Mortgage Advice Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Edinburgh Intelligent Mortgage Advice Ltd. and state those matters that we have agreed to state to the Board of Directors of Edinburgh Intelligent Mortgage Advice Ltd., as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Edinburgh Intelligent Mortgage Advice Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Edinburgh Intelligent Mortgage Advice Ltd.. You consider that Edinburgh Intelligent Mortgage Advice Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Edinburgh Intelligent

Mortgage Advice Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Yates & Co

Chartered Accountants

Registered Auditor

102 Manor Street

Falkirk

Central

FK1 1NU

22 September 2015