Company Registration No. 10102818 (England and Wales)
INTERNATIONAL MORTGAGE SOLUTIONS (MIDDLE EAST) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
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 2020
31 December 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
3
1,968
Cash at bank and in hand
2,778
717
2,778
2,685
Creditors: amounts falling due within one year
4
(1,778)
(2,465)
Net current assets
1,000
220
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
900
120
Total equity
1,000
220
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 2020 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.
T
he 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 15 December 2021 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 2020
- 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
203 West Street, Fareham, PO16 0EN.
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 a
mounts
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
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
.
1.3
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:
2020
2019
Number
Number
Total
1
1
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
1,968
INTERNATIONAL MORTGAGE SOLUTIONS (MIDDLE EAST) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 3 -
4
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
900
Taxation and social security
708
905
Other creditors
1,070
660
1,778
2,465
5
Called up share capital
2020
2019
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
6
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
One director
-
1,968
1,020
(2,988)
-
One director
-
-
2,539
(2,539)
-
1,968
3,559
(5,527)
-
The loans to the directors were unsecured and repayable on demand.