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 2019

for

Meridian Developments (S.P.) Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

D J 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

4

8,905

1,487

Investment property

5

867,781

859,428

876,686

860,915

CURRENT ASSETS

Debtors

6

642

-

Cash at bank

6,689

12,296

7,331

12,296

CREDITORS

Amounts falling due within one year

7

59,546

25,608

NET CURRENT LIABILITIES

(52,215

)

(13,312

)

TOTAL ASSETS LESS CURRENT LIABILITIES

824,471

847,603

CREDITORS

Amounts falling due after more than one year

8

730,282

752,239

NET ASSETS

94,189

95,364

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

94,188

95,363

94,189

95,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 28 October 2020 and were signed 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 December 2018

2,950

Additions

9,499

Disposals

(2,950

)

At 30 November 2019

9,499

DEPRECIATION

At 1 December 2018

1,463

Charge for year

594

Eliminated on disposal

(1,463

)

At 30 November 2019

594

NET BOOK VALUE

At 30 November 2019

8,905

At 30 November 2018

1,487

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2018

859,428

Additions

8,353

At 30 November 2019

867,781

NET BOOK VALUE

At 30 November 2019

867,781

At 30 November 2018

859,428

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Other debtors

642

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

1,980

6,855

Taxation and social security

189

7,737

Other creditors

57,377

11,016

59,546

25,608

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.19

30.11.18

£

£

Bank loans

286,836

305,654

Other creditors

443,446

446,585

730,282

752,239