Market Street Mortgages Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04109541 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Market Street Mortgages Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountant

6

DIRECTORS:

B C Varley

S Varley

REGISTERED OFFICE:

Fiddler's Rest

20 Park Road

Alrewas

Burton-upon-Trent

Staffordshire

DE13 7AG

REGISTERED NUMBER:

04109541 (England and Wales)

ACCOUNTANT:

Groucott Moor Limited

Lombard House

Cross Keys

Lichfield

Staffordshire

WS13 6DN

FIXED ASSETS

Tangible assets

2

18,740

13,205

CURRENT ASSETS

Debtors

15,000

19,489

Cash at bank and in hand

33,312

34,500

48,312

53,989

CREDITORS

Amounts falling due within one year

22,638

31,001

NET CURRENT ASSETS

25,674

22,988

TOTAL ASSETS LESS CURRENT LIABILITIES

44,414

36,193

CAPITAL AND RESERVES

Called up share capital

3

900

900

Profit and loss account

43,514

35,293

SHAREHOLDERS' FUNDS

44,414

36,193

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 17 March 2016 and were signed on its behalf by:

B C Varley - 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

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.

Leasehold properties - Straight line over the life of the lease

Fixtures, fittings

and 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Turnover

The total turnover of the company for the year has been derived from its principal activity wholly

undertaken in the UK.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

33,794

Additions

11,349

At 31 August 2015

45,143

DEPRECIATION

At 1 September 2014

20,589

Charge for year

5,814

At 31 August 2015

26,403

NET BOOK VALUE

At 31 August 2015

18,740

At 31 August 2014

13,205

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

900

Ordinary

£1

900

900

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.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2015 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Groucott Moor Limited

Lombard House

Cross Keys

Lichfield

Staffordshire

WS13 6DN

17 March 2016