Meronwest Limited iXBRL


Relate AccountsProduction v2.1.19 v2.1.19 2017-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company was the letting of its own properties. 23 February 2019 0 0 03803805 2018-08-31 03803805 2017-08-31 03803805 2016-08-31 03803805 2017-09-01 2018-08-31 03803805 2016-09-01 2017-08-31 03803805 uk-bus:PrivateLimitedCompanyLtd 2017-09-01 2018-08-31 03803805 uk-bus:SmallCompaniesRegimeForAccounts 2017-09-01 2018-08-31 03803805 uk-bus:AbridgedAccounts 2017-09-01 2018-08-31 03803805 uk-core:ShareCapital 2018-08-31 03803805 uk-core:ShareCapital 2017-08-31 03803805 uk-core:RetainedEarningsAccumulatedLosses 2018-08-31 03803805 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 03803805 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2018-08-31 03803805 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2017-08-31 03803805 uk-bus:FRS102 2017-09-01 2018-08-31 03803805 uk-core:CostValuation 2018-08-31 03803805 2017-09-01 2018-08-31 03803805 uk-bus:CompanySecretaryDirector1 2017-09-01 2018-08-31 03803805 uk-bus:Director2 2017-09-01 2018-08-31 03803805 uk-bus:AuditExempt-NoAccountantsReport 2017-09-01 2018-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Number: 03803805
 
 
Meronwest Limited
 
Unaudited Abridged Financial Statements
 
for the year ended 31 August 2018
Meronwest Limited
Company Number: 03803805
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 31 August 2018

2018 2017
Notes £ £
 
Non-Current Assets
Financial assets 4 40,000 40,000
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Current Assets
Cash and cash equivalents 1,125,542 1,082,425
Payables: Amounts falling due within one year (916,865) (872,610)
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Net Current Assets 208,677 209,815
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Total Assets less Current Liabilities 248,677 249,815
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Equity
Called up share capital 2 2
Income statement 248,675 249,813
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Equity attributable to owners of the company 248,677 249,815
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.
           
For the financial year ended 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 23 February 2019 and signed on its behalf by
           
           
________________________________     ________________________________
Barry Duffy     Garry Kaxe
Director     Director



Meronwest Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the year ended 31 August 2018

   
1. GENERAL INFORMATION
 
Meronwest Limited is a company limited by shares incorporated in United Kingdom. The registered office of the company is 3 High Street, Thatcham, West Berkshire, RG19 3JG, England which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 August 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Financial assets
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Share capital of the company
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
 
The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.
       
4. FINANCIAL FIXED ASSETS
  Other Total
  investments  
     
Investments £ £
Cost
 
At 31 August 2018 40,000 40,000
  ───────── ─────────
Carrying amount
At 31 August 2018 40,000 40,000
  ═════════ ═════════
At 31 August 2017 40,000 40,000
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5. CAPITAL COMMITMENTS
 
The company had no material capital commitments at the year-ended 31 August 2018.
   
6. EVENTS AFTER END OF REPORTING PERIOD
 
There have been no significant events affecting the company since the year-end.