Mereford Developments Ltd - Accounts to registrar - small 17.2

Mereford Developments Ltd - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 04512045 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2017

for

Mereford Developments Ltd

Mereford Developments Ltd (Registered number: 04512045)






Contents of the Financial Statements
for the Year Ended 31 August 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mereford Developments Ltd

Company Information
for the Year Ended 31 August 2017







DIRECTORS: C Allen
B G Eades





SECRETARY: K Hussain





REGISTERED OFFICE: Universal Square
Building 2
3rd floor
Devonshire Street North
M12 6JH





REGISTERED NUMBER: 04512045 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Mereford Developments Ltd (Registered number: 04512045)

Balance Sheet
31 August 2017

31.8.17 31.8.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,694,764 1,705,293
1,694,765 1,705,294

CURRENT ASSETS
Debtors 6 7,663 19,982
Cash at bank 30,079 -
37,742 19,982
CREDITORS
Amounts falling due within one year 7 802,449 792,677
NET CURRENT LIABILITIES (764,707 ) (772,695 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

930,058

932,599

CREDITORS
Amounts falling due after more than one
year

8

789,088

864,088
NET ASSETS 140,970 68,511

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 140,968 68,509
SHAREHOLDERS' FUNDS 140,970 68,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each 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.

Mereford Developments Ltd (Registered number: 04512045)

Balance Sheet - continued
31 August 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 October 2017 and were signed on its behalf by:





C Allen - Director


Mereford Developments Ltd (Registered number: 04512045)

Notes to the Financial Statements
for the Year Ended 31 August 2017

1. STATUTORY INFORMATION

Mereford Developments Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income from the property.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - at variable rates on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Mereford Developments Ltd (Registered number: 04512045)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2016
and 31 August 2017 1
NET BOOK VALUE
At 31 August 2017 1
At 31 August 2016 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 September 2016
and 31 August 2017 1,600,000 375,112 1,975,112
DEPRECIATION
At 1 September 2016 - 269,819 269,819
Charge for year - 10,529 10,529
At 31 August 2017 - 280,348 280,348
NET BOOK VALUE
At 31 August 2017 1,600,000 94,764 1,694,764
At 31 August 2016 1,600,000 105,293 1,705,293

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Trade debtors 6,473 18,772
Prepayments 1,190 1,210
7,663 19,982

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.17 31.8.16
£    £   
Bank loans and overdrafts - 1,337
Tax 17,235 15,892
VAT 4,800 4,800
Other creditors 293,800 293,800
Deposits 100,000 100,000
Associated company loan 379,620 368,684
Deferred income 1,190 1,210
Accrued expenses 5,804 6,954
802,449 792,677

Mereford Developments Ltd (Registered number: 04512045)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.17 31.8.16
£    £   
Bank loans 789,088 864,088