Company registration number 10102818 (England and Wales)
INTERNATIONAL MORTGAGE SOLUTIONS (MIDDLE EAST) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
INTERNATIONAL MORTGAGE SOLUTIONS (MIDDLE EAST) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
INTERNATIONAL MORTGAGE SOLUTIONS (MIDDLE EAST) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
31 December
31 December
2022
2021
Notes
£
£
£
£
Current assets
Debtors
3
361
Cash at bank and in hand
160
2,778
521
2,778
Creditors: amounts falling due within one year
4
(7,659)
(2,142)
Net current (liabilities)/assets
(7,138)
636
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(7,238)
536
Total equity
(7,138)
636
The directors of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 September 2023 and are signed on its behalf by:
Mr R J C Bastick
Director
Company Registration No. 10102818
INTERNATIONAL MORTGAGE SOLUTIONS (MIDDLE EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information
International Mortgage Solutions (Middle East) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Michael House, Castle Street, Exeter, Devon, EX4 3LQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company meets its day to day working capital requirements through loans from its directors. There is notrue expectation of these loans being repaid until the company is able to generate sufficient cash from its trading activities.
On the basis of the continuing financial support of the directors, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of these loans.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
2
2
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
361
INTERNATIONAL MORTGAGE SOLUTIONS (MIDDLE EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
4
Creditors: amounts falling due within one year
2022
2021
£
£
Taxation and social security
622
Other creditors
7,659
1,520
7,659
2,142
5
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100