MEPL_(NO_2)_LIMITED - Accounts

MEPL (NO2) LIMITED - Company Information

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Company Registration No. SC522719 (Scotland)

MEPL (NO 2) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD FROM 17 DECEMBER 2015 (INCORPORATION) TO 31 DECEMBER 2016

MEPL (NO 2) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MEPL (NO 2) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2016

- 1 -

2016

Notes

Fixed assets

Investments

793,270

Current assets

Creditors: amounts falling due within one year

(1,153)

Net current liabilities

(1,153)

Total assets less current liabilities

792,117

Capital and reserves

Called up share capital

793,270

Profit and loss account

(1,153)

Shareholder's funds

792,117

For the financial period ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his 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 provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board for issue on 15 September 2017

Alexander Grant

Director

Company Registration No. SC522719

MEPL (NO 2) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Revenue recognition

The company did not generate any income in the period.

Fixed assets

Investments

Cost

At 17 December 2015

Additions

793,270

At 31 December 2016

793,270

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Marie Ecosse Properties (St. Andrews) Limited

Scotland

ordinary A

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the period

2016

Principal activity

Marie Ecosse Properties (St. Andrews) Limited

Property letting

773,615

(21,284)

The information above relates to the accounts of Marie Ecosse Properties (St. Andrews) Limited for the period ending 29 February 2016.

MEPL (NO 2) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2016

- 3 -

Share capital

2016

Allotted, called up and fully paid

793,270 ordinary shares of £1 each

793,270

1 ordinary share was issued on incorporation at par value. Pursuant to the reorganisation of Marie Ecosse Properties (St. Andrews) Limited a further allotment of 793,269 ordinary shares was made.