Merc Holdings Limited - Limited company - abbreviated - 11.6
Merc Holdings Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 July 2014 |
| for |
| Merc Holdings Limited |
| Merc Holdings Limited (Registered number: 02025163) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Merc Holdings Limited |
| Company Information |
| for the Year Ended 31 July 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Merc Holdings Limited (Registered number: 02025163) |
| Abbreviated Balance Sheet |
| 31 July 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on |
| Merc Holdings Limited (Registered number: 02025163) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Although the company has net current liabilities of £46,375 the accounts have been prepared on a going concern |
| basis. The directors consider this basis to be appropriate as included in the company's current liabilities is |
| £52,770 owed to the directors who have agreed not to demand repayment of this amount until the company has |
| sufficient funds to make the repayment. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents rental income receivable from investment property. |
| Tangible fixed assets |
| Investment properties are included in the balance sheet at their open market value. Depreciation is provided only |
| on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
| Deferred tax |
| Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the |
| extent that, in opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in |
| the foreseeable future. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 August 2013 |
| and 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary Shares | £1 |