UNMORTGAGE LTD

UNMORTGAGE LTD

UNMORTGAGE LTD - Company Information

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UNMORTGAGE LTD

Company Registration Number:
10395239 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2018

Period of accounts

Start date: 01 October 2017

End date: 30 September 2018

UNMORTGAGE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2018

Balance sheet
Notes

UNMORTGAGE LTD

Balance sheet

As at 30 September 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 38,869 42,870
Tangible assets: 3 34,119 3,060
Investments:   0 0
Total fixed assets: 72,988 45,930
Current assets
Debtors:   104,520 5,925
Cash at bank and in hand: 8,415,557 0
Total current assets: 8,520,077 5,925
Creditors: amounts falling due within one year:   (179,609) (50,884)
Net current assets (liabilities): 8,340,468 (44,959)
Total assets less current liabilities: 8,413,456 971
Total net assets (liabilities): 8,413,456 971
Capital and reserves
Called up share capital: 189 100
Share premium account: 9,672,751 38,402
Revaluation reserve: 00
Other reserves: 3 0
Profit and loss account: (1,259,487) (37,531)
Shareholders funds: 8,413,456 971

The notes form part of these financial statements

UNMORTGAGE LTD

Balance sheet statements

For the year ending 30 September 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 October 2018
and signed on behalf of the board by:

Name: Rayhan Rafiq-Omar
Status: Director

The notes form part of these financial statements

UNMORTGAGE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Fixed assets are recognised at cost and depreciated over their useful economic lives. The depreciation rates applied are IT equipment depreciated at 18% written down allowance and Office equipment depreciated at 18% written down allowance.

Intangible fixed assets and amortisation policy

Intangible assets are valued at cost. Intangible assets are amortised over their useful economic lives and assessed for impairment on an annual basis. Amortisation and any impairments charged to the profit and loss account. The amortisation rates applied are Brand and Intellectual Property amortised over 10 years.

Other accounting policies

Share optionsThe company has granted options over ordinary shares to employees. These options vest in accordance with a vesting schedule over a defined period, typically 4 years. The options are exercisable at the end of the vesting period and will be settled in shares. The options have been valued at fair value based on the estimated value of the options at grant date. The directors have used their judgement to apply a generally accepted valuation methodology in valuing the options that is appropriate to the circumstances of the Company.

UNMORTGAGE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2018

2. Intangible Assets

Total
Cost £
At 01 October 2017 43,700
Additions 390
At 30 September 2018 44,090
Amortisation
At 01 October 2017 830
Charge for year 4,391
At 30 September 2018 5,221
Net book value
At 30 September 2018 38,869
At 30 September 2017 42,870

UNMORTGAGE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2018

3. Tangible Assets

Total
Cost £
At 01 October 2017 3,231
Additions 34,066
Disposals (833)
At 30 September 2018 36,464
Depreciation
At 01 October 2017 171
Charge for year 2,174
At 30 September 2018 2,345
Net book value
At 30 September 2018 34,119
At 30 September 2017 3,060