ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

MERRY RESOURCES LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2018-11-302018-11-30truetrueNo description of principal activitytrue2017-12-01 07858624 2017-11-30 07858624 2017-12-01 2018-11-30 07858624 2016-12-01 2017-11-30 07858624 2018-11-30 07858624 c:Director1 2017-12-01 2018-11-30 07858624 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2018-11-30 07858624 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2017-11-30 07858624 d:CurrentFinancialInstruments 2018-11-30 07858624 d:CurrentFinancialInstruments 2017-11-30 07858624 c:EntityHasNeverTraded 2017-12-01 2018-11-30 07858624 c:FRS102 2017-12-01 2018-11-30 07858624 c:AuditExempt-NoAccountantsReport 2017-12-01 2018-11-30 07858624 c:FullAccounts 2017-12-01 2018-11-30 07858624 c:PrivateLimitedCompanyLtd 2017-12-01 2018-11-30 iso4217:GBP xbrli:pure

Registered number: 07858624









MERRY RESOURCES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018
 
MERRY RESOURCES LIMITED
REGISTERED NUMBER: 07858624

BALANCE SHEET
AS AT 30 NOVEMBER 2018

2018
2017
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
1
1

Creditors: amounts falling due within one year
 5 
(45)
(45)

Net current liabilities
  
(44)
(44)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(45)
(45)

  
(44)
(44)


For the year ended 30 November 2018 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 December 2019.




D N Merry
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
MERRY RESOURCES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018

1.


General information

Merry Resources Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The registered office is Leytonstone House, Leytonstone, London, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2017 - 1).

Page 2
 
MERRY RESOURCES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2018

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2017
45



At 30 November 2018

45



Impairment


At 1 December 2017
45



At 30 November 2018

45






At 30 November 2018
-



At 30 November 2017
-


5.


Creditors: Amounts falling due within one year

2018
2017
£
£

Other creditors
45
45


Page 3