Mount Parnassus Partnership Ltd. - Limited company - abbreviated

REGISTERED NUMBER: 09018384 (England and Wales)

MOUNT PARNASSUS PARTNERSHIP LTD.

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

30TH APRIL 2014 TO 31ST MARCH 2015

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

T Dew

C McLauchlin

REGISTERED OFFICE:

94 Northfield End

Henley on Thames

Oxfordshire

RG9 2JN

REGISTERED NUMBER:

09018384 (England and Wales)

ACCOUNTANTS:

Russell & Russell

Chartered Accountants

4 Royal Crescent

Glasgow

G3 7SL

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 three to six)

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 Mount Parnassus Partnership Ltd. for the period ended 31st 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 Mount Parnassus Partnership 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 Mount Parnassus Partnership Ltd. and state those matters that we have agreed to state to the Board of Directors of Mount Parnassus Partnership 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 Mount Parnassus Partnership 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 Mount Parnassus Partnership Ltd.. You consider that Mount Parnassus Partnership Ltd. is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mount Parnassus Partnership

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.

Russell & Russell

Chartered Accountants

4 Royal Crescent

Glasgow

G3 7SL

23rd December 2015

FIXED ASSETS

Intangible assets

2

79,900

Tangible assets

3

1,209

81,109

CURRENT ASSETS

Debtors

32,807

Cash at bank

3,518

36,325

CREDITORS

Amounts falling due within one year

59,536

NET CURRENT LIABILITIES

(23,211

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,898

CREDITORS

Amounts falling due after more than one
year

55,264

NET ASSETS

2,634

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

2,534

SHAREHOLDERS' FUNDS

2,634

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 23rd December 2015 and were signed on its behalf
by:

T Dew - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents the sales value of work done during the year,

exclusive of Value Added Tax.

Goodwill

Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration

given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a

straight line basis over its useful economic life of 5 years.

Tangible fixed assets

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

Computer equipment

-

33% straight line

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's financial statements. Deferred tax is recognised

in full on timing differences which result in an obligation to pay more tax, or a right to pay less tax, at a future

date at the average tax rates that are expected to apply when the timing differences reverse, based on current tax

rates and laws.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

93,154

At 31st March 2015

93,154

AMORTISATION

Amortisation for period

13,254

At 31st March 2015

13,254

NET BOOK VALUE

At 31st March 2015

79,900

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,447

At 31st March 2015

1,447

DEPRECIATION

Charge for period

238

At 31st March 2015

238

NET BOOK VALUE

At 31st March 2015

1,209

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

26

A Ordinary

£1

26

B Ordinary

£1

26

2

C Ordinary

£1

2

23

D Ordinary

£1

23

E Ordinary

£1

23

100

Mount Parnassus Partnership Ltd. - Limited company - abbreviated - 11.9

Mount Parnassus Partnership Ltd. - Limited company - abbreviated - 11.9