MERLIN_PROPERTY_COMPANY_L - Accounts

MERLIN PROPERTY COMPANY LIMITED - Company Information

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Company Registration No. 0633276 (England and Wales)

MERLIN PROPERTY COMPANY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

MERLIN PROPERTY COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

MERLIN PROPERTY COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

115,500

Current assets

Cash at bank and in hand

13,674

13,684

Creditors: amounts falling due within one year

(11,576)

(11,573)

Net current assets

2,098

2,111

Total assets less current liabilities

117,598

117,611

Provisions for liabilities

(6,972)

(6,990)

110,626

110,621

Capital and reserves

Called up share capital

100

Revaluation reserve

100,118

Profit and loss account

10,408

10,403

Shareholders' funds

110,626

110,621

MERLIN PROPERTY COMPANY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2015

- 2 -

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 October 2015

Mr J Marchington

Director

Company Registration No. 0633276

MERLIN PROPERTY COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold -

Are not depreciated

1.4

Investment properties

In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is transferred to the revaluation reserve. No depreciation or amortisation is provided in respect of freehold investment properties and leasehold properties with over 20 years to run. Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties and changes to that value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 August 2014 & at 31 July 2015

115,500

At 31 July 2014

115,500

MERLIN PROPERTY COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

50 Ordinary A of £1 each

50 Ordinary B of £1 each

100