Abbreviated Company Accounts - MORTGAGE/PROPERTY SALES & RENTALS LTD

Abbreviated Company Accounts - MORTGAGE/PROPERTY SALES & RENTALS LTD


Registered Number NI614857

MORTGAGE/PROPERTY SALES & RENTALS LTD

Abbreviated Accounts

31 October 2015

MORTGAGE/PROPERTY SALES & RENTALS LTD Registered Number NI614857

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Current assets
Debtors 37,785 28,250
Cash at bank and in hand 49,067 56,817
86,852 85,067
Creditors: amounts falling due within one year (62,524) (47,425)
Net current assets (liabilities) 24,328 37,642
Total assets less current liabilities 24,328 37,642
Total net assets (liabilities) 24,328 37,642
Capital and reserves
Called up share capital 2 100 100
Profit and loss account 24,228 37,542
Shareholders' funds 24,328 37,642
  • For the year ending 31 October 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 20 July 2016

And signed on their behalf by:
James Peden, Director

MORTGAGE/PROPERTY SALES & RENTALS LTD Registered Number NI614857

Notes to the Abbreviated Accounts for the period ended 31 October 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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Other accounting policies
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

2Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100