Mercer Street Security Systems Limited - Period Ending 2018-03-31
Mercer Street Security Systems Limited - Period Ending 2018-03-31
Registration number:
Mercer Street Security Systems Limited
Filleted
for the Year Ended 31 March 2018
Mercer Street Security Systems Limited
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Financial Statements |
Mercer Street Security Systems Limited
Company Information
Directors |
Lord J. Stevens A. C. Fletcher |
Company secretary |
A. C. Fletcher |
Registered office |
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Bankers |
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Accountants |
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Mercer Street Security Systems Limited
(Registration number: 05742698)
Statement of Financial Position as at 31 March 2018
Note |
2018 |
2017 |
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Fixed assets |
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Investments |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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.
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Mercer Street Security Systems Limited
(Registration number: 05742698)
Statement of Financial Position as at 31 March 2018 (continued)
Approved and authorised by the
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Mercer Street Security Systems Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is
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.
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Mercer Street Security Systems Limited
Notes to the Financial Statements for the Year Ended 31 March 2018 (continued)
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Accounting policies (continued) |
Financial instruments
after deducting all of its liabilities.
Investments |
2018 |
2017 |
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Investments in associates |
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Associates |
£ |
Cost |
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At 1 April 2017 |
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Provision |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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Creditors |
Creditors: amounts falling due within one year
2018 |
2017 |
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Due within one year |
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Other creditors |
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Creditors: amounts falling due after more than one year
2018 |
2017 |
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Due after one year |
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Other non-current financial liabilities |
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5 |