Solution Mortgages Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01597729 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Solution Mortgages Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S M Morrissey

REGISTERED OFFICE:

7 Gosling Way

Congleton

Cheshire

CW12 4WD

REGISTERED NUMBER:

01597729 (England and Wales)

CURRENT ASSETS

Debtors

14,754

9,164

CREDITORS

Amounts falling due within one year

10,396

12,700

NET CURRENT ASSETS/(LIABILITIES)

4,358

(3,536

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,358

(3,536

)

CAPITAL AND RESERVES

Called up share capital

2

578,250

578,250

Profit and loss account

(573,892

)

(581,786

)

SHAREHOLDERS' FUNDS

4,358

(3,536

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 September 2014 and were signed by:

S M Morrissey - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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 is stated net of VAT and trade discounts. Turnover from the supply of services represents

the value of services provided, to the extent that there is a right to consideration, and is recorded

at the value of the consideration due.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

578,250

Ordinary

£1

578,250

578,250

3.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of SMDS Solution Holdings Limited, a company registered

in England.

The ultimate parent company is under the control of S M Morrissey due to his 52% shareholding.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 December 2013 and 31 December 2012:

2013

2012

£

£

S M Morrissey

Balance outstanding at start of year

7,331

2,365

Amounts advanced

5,882

10,287

Amounts repaid

(1,411

)

(5,321

)

Balance outstanding at end of year

11,802

7,331

The loan is interest free, unsecured and repayable on demand.