Abbreviated Company Accounts - ISIS MORTGAGES & FINANCE LTD

ISIS MORTGAGES & FINANCE LTD - Company Information

05932607 ISIS MORTGAGES & FINANCE LTD 2015-06-30 false 2014-07-01 2015-06-30 true 05932607 2014-07-01 2015-06-30 05932607 2015-06-30 05932607 2014-06-30 05932607 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05932607 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 05932607

ISIS MORTGAGES & FINANCE LTD

Abbreviated Accounts

30 June 2015

ISIS MORTGAGES & FINANCE LTD Registered Number 05932607

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	14,000	21,000
Tangible assets	3	657	876
		14,657	21,876
Current assets
Cash at bank and in hand		607	868
		607	868
Creditors: amounts falling due within one year	4	(10,166)	(5,719)
Net current assets (liabilities)		(9,559)	(4,851)
Total assets less current liabilities		5,098	17,025
Creditors: amounts falling due after more than one year	4	-	(7,066)
Total net assets (liabilities)		5,098	9,959
Capital and reserves
Called up share capital	5	5,000	5,000
Profit and loss account		98	4,959
Shareholders' funds		5,098	9,959

For the year ending 30 June 2015 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 31 March 2016

And signed on their behalf by:
Said Mezher, Director

ISIS MORTGAGES & FINANCE LTD Registered Number 05932607

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings reducing balance 15%
Equipment reducing balance 25%

Other accounting policies
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a
Goodwill
maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying
value may not be recoverable.

2Intangible fixed assets

	£
Cost
At 1 July 2014	70,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	70,000
Amortisation
At 1 July 2014	49,000
Charge for the year	7,000
On disposals	-
At 30 June 2015	56,000
Net book values
At 30 June 2015	14,000
At 30 June 2014	21,000

3Tangible fixed assets

	£
Cost
At 1 July 2014	2,748
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	2,748
Depreciation
At 1 July 2014	1,872
Charge for the year	219
On disposals	-
At 30 June 2015	2,091
Net book values
At 30 June 2015	657
At 30 June 2014	876

4Creditors

	2015 £	2014 £
Secured Debts	-	7,066

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
5,000 Ordinary shares of £1 each	5,000	5,000