Mourne Limited 07318422 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Business support activities Digita Accounts Production Advanced 6.30.9574.0 true true 07318422 2022-08-01 2023-07-31 07318422 2023-07-31 07318422 bus:OrdinaryShareClass1 2023-07-31 07318422 core:RetainedEarningsAccumulatedLosses 2023-07-31 07318422 core:ShareCapital 2023-07-31 07318422 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07318422 core:FurnitureFittingsToolsEquipment 2023-07-31 07318422 bus:SmallEntities 2022-08-01 2023-07-31 07318422 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07318422 bus:AbridgedAccounts 2022-08-01 2023-07-31 07318422 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07318422 bus:RegisteredOffice 2022-08-01 2023-07-31 07318422 bus:Director1 2022-08-01 2023-07-31 07318422 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 07318422 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07318422 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 07318422 countries:AllCountries 2022-08-01 2023-07-31 07318422 2022-07-31 07318422 core:FurnitureFittingsToolsEquipment 2022-07-31 07318422 2021-08-01 2022-07-31 07318422 2022-07-31 07318422 bus:OrdinaryShareClass1 2022-07-31 07318422 core:RetainedEarningsAccumulatedLosses 2022-07-31 07318422 core:ShareCapital 2022-07-31 07318422 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07318422

Mourne Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

 

Mourne Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Mourne Limited

Company Information

Director

Mrs Rebecca Butler Rutherford

Registered office

20-22 Wenlock Road
LONDON
N17GU

Accountants

McKeague Morgan & Company
27 College Gardens
Belfast
BT9 6BS

 

Mourne Limited

(Registration number: 07318422)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

9,681

194

Creditors: Amounts falling due within one year

(144)

(144)

Total assets less current liabilities

 

9,537

50

Accruals and deferred income

 

(9,400)

(1,300)

Net assets/(liabilities)

 

137

(1,250)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

37

(1,350)

Total equity

 

137

(1,250)

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 30 July 2024
 

.........................................
Mrs Rebecca Butler Rutherford
Director

 

Mourne Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
20-22 Wenlock Road
LONDON
N17GU

These financial statements were authorised for issue by the director on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Mourne Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, Fittings and Equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Mourne Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

699

699

At 31 July 2023

699

699

Depreciation

At 1 August 2022

699

699

At 31 July 2023

699

699

Carrying amount

At 31 July 2023

-

-

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100