Maream Limited - Abbreviated accounts 16.1

Maream Limited - Abbreviated accounts 16.1

MAREAM LIMITED - Company Information

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REGISTERED NUMBER: 04944735 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Maream Limited

Maream Limited (Registered number: 04944735)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Maream Limited

Company Information
for the Year Ended 31 October 2015







DIRECTOR: Mrs M Long





SECRETARY: Mr E Long





REGISTERED OFFICE: Transport House
Uxbridge Road
Hillingdon Heath
Middlesex
UB10 0LY





REGISTERED NUMBER: 04944735 (England and Wales)





Page 1
Maream Limited (Registered number: 04944735)

Abbreviated Balance Sheet
31 October 2015

31.10.15 31.10.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,204,384 1,191,176

CURRENT ASSETS
Debtors 3,060 2,900
Cash at bank 4,093 2,648
7,153 5,548
CREDITORS
Amounts falling due within one year 211,470 194,839
NET CURRENT LIABILITIES (204,317 ) (189,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,000,067
1,001,885

CREDITORS
Amounts falling due after more than one
year
3
953,653
953,674
NET ASSETS 46,414 48,211

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 46,314 48,111
SHAREHOLDERS' FUNDS 46,414 48,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 26 July 2016 and were signed by:




Mrs M Long - Director


The notes form part of these abbreviated accounts

Page 2
Maream Limited (Registered number: 04944735)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company
qualifies as a small company.

Turnover
Turnover comprises revenue recognised by the company in respect of rent receivable.

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

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual
arrangement as either 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.

Investment properties
In accordance with the Financial Reporting Standard for Smaller Entities ( effective January 2007 ) no
depreciation is provided in respect of freehold properties held as investments. This is a departure from
the requirements of the Companies Act 1985 which requires all properties to be depreciated. Such
properties are held for investment and not for consumption and the directors consider that to
depreciate them would not give a true and fair view of the financial position of the company.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014 1,192,022
Additions 13,277
At 31 October 2015 1,205,299
DEPRECIATION
At 1 November 2014 846
Charge for year 69
At 31 October 2015 915
NET BOOK VALUE
At 31 October 2015 1,204,384
At 31 October 2014 1,191,176

Page 3 continued...
Maream Limited (Registered number: 04944735)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2015

3. CREDITORS

Creditors include the following debts falling due in more than five years:

31.10.15 31.10.14
£    £   
Repayable otherwise than by instalments 953,653 953,674

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.15 31.10.14
value: £    £   
100 Ordinary £1 100 100

Page 4