Meridian Developments (S.P.) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04972668 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

Meridian Developments (S.P.) Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

D J McGuinness

B McGuinness

Secretary:

D J McGuinness

Registered office:

34 Princes Street,

Southport

Merseyside

PR8 1EQ

Registered number:

04972668 (England and Wales)

Accountants:

Ridgway and Company

Chartered Accountants

The Office,

Ffordd Pentre Bach, Nercwys.

Mold

Flintshire

CH7 4EG

FIXED ASSETS

Property, plant and equipment

3

1,487

1,982

Investment property

4

859,428

826,947

860,915

828,929

CURRENT ASSETS

Cash at bank

12,296

35,152

CREDITORS

Amounts falling due within one year

5

25,608

17,832

NET CURRENT (LIABILITIES)/ASSETS

(13,312

)

17,320

TOTAL ASSETS LESS CURRENT LIABILITIES

847,603

846,249

CREDITORS

Amounts falling due after more than one year

6

752,239

755,004

NET ASSETS

95,364

91,245

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

95,363

91,244

95,364

91,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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.

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 21 August 2019 and were signed on its behalf by:

D J McGuinness - Director

1.	STATUTORY INFORMATION

Meridian Developments (S.P.) Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 December 2017

and 30 November 2018

2,950

DEPRECIATION

At 1 December 2017

968

Charge for year

495

At 30 November 2018

1,463

NET BOOK VALUE

At 30 November 2018

1,487

At 30 November 2017

1,982

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2017

826,947

Additions

32,481

At 30 November 2018

859,428

NET BOOK VALUE

At 30 November 2018

859,428

At 30 November 2017

826,947

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade creditors

6,855

2,306

Taxation and social security

7,737

7,176

Other creditors

11,016

8,350

25,608

17,832

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Bank loans

305,654

325,093

Other creditors

446,585

429,911

752,239

755,004