Abbreviated Company Accounts - MERCIAN MASTERPLAN LIMITED

MERCIAN MASTERPLAN LIMITED - Company Information

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Registered Number 01300666

MERCIAN MASTERPLAN LIMITED

Abbreviated Accounts

30 November 2015

MERCIAN MASTERPLAN LIMITED Registered Number 01300666

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,059,205	1,339,344
		1,059,205	1,339,344
Current assets
Stocks		12,746	17,428
Debtors		534,834	429,962
Cash at bank and in hand		269,420	97,945
		817,000	545,335
Creditors: amounts falling due within one year	3	(425,992)	(350,563)
Net current assets (liabilities)		391,008	194,772
Total assets less current liabilities		1,450,213	1,534,116
Creditors: amounts falling due after more than one year	3	(506,752)	(634,865)
Provisions for liabilities		(86,543)	(68,943)
Total net assets (liabilities)		856,918	830,308
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		198,884	191,789
Other reserves		13,448	(8,839)
Profit and loss account		644,486	647,258
Shareholders' funds		856,918	830,308

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 August 2016

And signed on their behalf by:
C V Armstrong, Director

MERCIAN MASTERPLAN LIMITED Registered Number 01300666

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Land and buildings - Straight line over one hundred years, excluding land content
Plant and machinery - 20% straight line basis
Fixtures, fittings
and equipment - 10% to 33.33% straight line basis
Motor vehicles - 20% straight line basis

Valuation information and policy
Investment properties
Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve. No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the director these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and so to depreciate them would not give a true and fair view. The provisions of FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made the profit for the year would have been reduced by depreciation.
However the amount of depreciation cannot reasonably be quantified and the amount which otherwise would have been shown cannot be separately identified or quantified.

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2Tangible fixed assets

	£
Cost
At 1 December 2014	2,962,300
Additions	393,041
Disposals	(367,480)
Revaluations	(7,350)
Transfers	-
At 30 November 2015	2,980,511
Depreciation
At 1 December 2014	1,622,956
Charge for the year	374,134
On disposals	(75,784)
At 30 November 2015	1,921,306
Net book values
At 30 November 2015	1,059,205
At 30 November 2014	1,339,344

3Creditors

	2015 £	2014 £
Secured Debts	219,329	390,711
Instalment debts due after 5 years	93,329	203,036

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

Ultimate parent undertaking
The ultimate parent company is Holdworth Limited, a company registered in England and Wales.

5Transactions with directors

Name of director receiving advance or credit:	C V Armstrong
Description of the transaction:	Advances to directors
Balance at 1 December 2014:	£ 11,137
Advances or credits made:	£ 10,540
Advances or credits repaid:	-
Balance at 30 November 2015:	£ 21,677

Interest was payable at a commercial rate.