Merrybell Investments Limited - Accounts to registrar (filleted) - small 18.2

MERRYBELL INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 04988285 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

MERRYBELL INVESTMENTS LIMITED

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTORS:

Mrs D I Franklin

M P Franklin

REGISTERED OFFICE:

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

REGISTERED NUMBER:

04988285 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Tangible assets

1,928,379

1,914,011

CURRENT ASSETS

Debtors

54,990

73,420

Cash at bank

26,567

6,001

81,557

79,421

CREDITORS

Amounts falling due within one year

523,221

455,854

NET CURRENT LIABILITIES

(441,664

)

(376,433

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,715

1,537,578

CREDITORS

Amounts falling due after more than one
year

(32,403

)

PROVISIONS FOR LIABILITIES

(2,492

)

NET ASSETS

1,484,223

1,505,175

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,484,123

1,505,075

SHAREHOLDERS' FUNDS

1,484,223

1,505,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 25 July 2022 and were signed on its behalf by:

M P Franklin - Director

1.	STATUTORY INFORMATION

Merrybell Investments 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.

The place of business differs to the registered office. The place of business is located in Chelmsford.

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

Turnover 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.

Fixtures and fittings

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 November 2020

1,991,639

Additions

19,400

Disposals

(5,000

)

At 31 October 2021

2,006,039

DEPRECIATION

At 1 November 2020

77,628

Charge for year

4,993

Eliminated on disposal

(4,961

)

At 31 October 2021

77,660

NET BOOK VALUE

At 31 October 2021

1,928,379

At 31 October 2020

1,914,011

5.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

Bank loans

32,403

171,059

The bank loan above is secured against three out of the four investment properties held by the company (2020 - bank loans were secured against all four investment properties).

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

"A" Ordinary

£1

"B" Ordinary

£1

"C" Ordinary

£1

"D" Ordinary

£1

100

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £109,257 to a company under common control (2020 - £53,137 was due from this related party).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Merrybell Investments Limited for the year ended 31 October 2021 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Merrybell Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Merrybell Investments Limited and state those matters that we have agreed to state to the Board of Directors of Merrybell Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Merrybell Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Merrybell Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Merrybell Investments Limited. You consider that Merrybell Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Merrybell Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

25 July 2022