Mercer Street Security Systems Limited - Period Ending 2019-03-31

Mercer Street Security Systems Limited - Period Ending 2019-03-31


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Registration number: 05742698

Mercer Street Security Systems Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

 

Mercer Street Security Systems Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Financial Statements

4 to 5

 

Mercer Street Security Systems Limited

Company Information

Directors

Lord J. Stevens

A. C. Fletcher

Company secretary

A. C. Fletcher

Registered office

Anson House
The Fleming Business Centre
Burdon Terrace
Jesmond
Newcastle upon Tyne
NE2 3AE

Bankers

Barclays Bank PLC
71 Grey Street
Newcastle upon Tyne
NE99 1JP

Accountants

Tait Walker LLP
Chartered Accountants
Bulman House
Regent Centre
Gosforth
Newcastle upon Tyne
NE3 3LS

 

Mercer Street Security Systems Limited

(Registration number: 05742698)
Statement of Financial Position as at 31 March 2019

Note

2019
£

2018
£

           

Fixed assets

   

 

Investments

3

 

1,363,500

 

1,363,500

Current assets

   

 

Cash at bank and in hand

 

1,507

 

1,507

 

Creditors: Amounts falling due within one year

4

(18,844)

 

(18,844)

 

Net current liabilities

   

(17,337)

 

(17,337)

Total assets less current liabilities

   

1,346,163

 

1,346,163

Creditors: Amounts falling due after more than one year

4

 

(1,350,000)

 

(1,350,000)

Net liabilities

   

(3,837)

 

(3,837)

Capital and reserves

   

 

Called up share capital

1,500

 

1,500

 

Profit and loss account

(5,337)

 

(5,337)

 

Total equity

   

(3,837)

 

(3,837)

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies' regime and the option not to file the Income Statement has been taken.

 

Mercer Street Security Systems Limited

(Registration number: 05742698)
Statement of Financial Position as at 31 March 2019 (continued)

Approved and authorised by the Board on 28 October 2019 and signed on its behalf by:
 

.........................................
A. C. Fletcher
Director

   
     
 

Mercer Street Security Systems Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is Anson House, The Fleming Business Centre, Burdon Terrace, Jesmond, Newcastle upon Tyne, NE2 3AE.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The accounts have been prepared on the going concern basis, the validity of which depends upon the continued support of the loan provider, Bet365 Group Limited.

The day to day working capital requirements are funded by the directors who are satisfied that the realisation of the companies investment will ultimately be able to repay creditors.

If the going concern basis proved not to be valid, adjustments would have to be made to restate the value of the assets to their recoverable amounts, to provide any further liabilities that may arise and reclassify fixed assets as current assets and long term liabilities as current liabilities.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Mercer Street Security Systems Limited

Notes to the Financial Statements for the Year Ended 31 March 2019 (continued)

2

Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.

 
 

3

Investments

2019
£

2018
£

Investments in associates

1,363,500

1,363,500

Associates

£

Cost

At 1 April 2018

1,363,500

Provision

Carrying amount

At 31 March 2019

1,363,500

At 31 March 2018

1,363,500

4

Creditors

Creditors: amounts falling due within one year

2019
£

2018
£

Due within one year

Other creditors

18,844

18,844

Creditors: amounts falling due after more than one year

2019
£

2018
£

Due after one year

Other non-current financial liabilities

1,350,000

1,350,000