Meera Care Limited - Period Ending 2015-01-31

Registration number: 07723814

Meera Care Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL503AT

Meera Care Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Meera Care Limited
(Registration number: 07723814)
Abbreviated Balance Sheet
at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			833,612			832,612
Current assets
Debtors					601			95
Cash at bank and in hand					500			6,586
					1,101			6,681
Creditors: Amounts falling due within one year					(765,636)			(795,838)
Net current liabilities					(764,535)			(789,157)
Net assets					69,077			43,455
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					69,076			43,454
Shareholders' funds					69,077			43,455

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board and authorised for issue on 27 November 2015 and signed on its behalf by:

.........................................
S Nayar
Director

.........................................
V Nayar
Director

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Meera Care Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 January 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £
Cost
At 1 February 2014		832,612
Additions		1,000
At 31 January 2015		833,612
Depreciation
At 31 January 2015		-
Net book value
At 31 January 2015		833,612
At 31 January 2014		832,612

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Meera Care Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 January 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

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