MRM Property Limited


1 January 2016falseNo description of principal activityTaxfiler2017.27.WebSC191185business:PrivateLimitedCompanyLtd2016-01-012016-12-31SC1911852015-12-31SC1911852016-01-012016-12-31SC191185business:AuditExempt-NoAccountantsReport2016-01-012016-12-31SC191185business:FullAccounts2016-01-012016-12-31SC1911852016-12-31SC191185business:Director12016-01-012016-12-31SC191185business:RegisteredOffice2016-01-012016-12-31SC1911852015-12-31SC191185core:WithinOneYear2016-12-31SC191185core:WithinOneYear2015-12-31SC191185core:ShareCapital2016-12-31SC191185core:ShareCapital2015-12-31SC191185core:RetainedEarningsAccumulatedLosses2016-12-31SC191185core:RetainedEarningsAccumulatedLosses2015-12-31SC191185business:SmallEntities2016-01-012016-12-31SC191185countries:Scotland2016-01-012016-12-31SC191185core:LandBuildings2016-01-012016-12-31SC191185core:LandBuildings2015-12-31SC191185core:LandBuildings2016-12-31SC1911852015-01-012015-12-31iso4217:GBPxbrli:pure
Company Registration No. SC191185 (Scotland)
MRM Property LimitedUnaudited accounts for the year ended 31 December 2016
MRM Property LimitedUnaudited accounts Contents
Page
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MRM Property Limited Company Information for the year ended 31 December 2016
Director
Mr Ross McMorrine
Company Number
SC191185 (Scotland)
Registered Office
ISLE OF CANTYCARNOCK ROADDUNFERMLINEFIFEKY12 9NX
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MRM Property Limited Statement of financial position as at 31 December 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
330,495 
330,495 
Current assets
Cash at bank and in hand
6,207 
24,600 
Creditors: amounts falling due within one year
(201,149)
(235,705)
Net current liabilities
(194,942)
(211,105)
Net assets
135,553 
119,390 
Capital and reserves
Called up share capital
(2)
(2)
Profit and loss account
135,555 
119,392 
Shareholders' funds
135,553 
119,390 
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 August 2017.
Mr Ross McMorrine Director Company Registration No. SC191185
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MRM Property Limited Notes to the Accounts for the year ended 31 December 2016
1
Statutory information
MRM Property Limited is a private company, limited by shares, registered in Scotland, registration number SC191185. The registered office and principal place of business is ISLE OF CANTY, CARNOCK ROAD, DUNFERMLINE, FIFE, KY12 9NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Land & buildings
are held at cost
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2016
330,495 
At 31 December 2016
330,495 
Depreciation
At 31 December 2016
- 
Net book value
At 31 December 2016
330,495 
At 31 December 2015
330,495 
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MRM Property Limited Notes to the Accounts for the year ended 31 December 2016
5
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Taxes and social security
4,041 
4,365 
Other creditors
104,108 
138,340 
Loans from directors
93,000 
93,000 
201,149 
235,705 
6
Average number of employees
During the year the average number of employees was 0 (2015: 0).
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