Meritin Management Limited - Period Ending 2015-12-31

Registration number: 05058678

Meritin Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

3CA Limited
Chartered Accountants and Business Advisors
Kent Cottage
Bridge Lane
Kendal
Kendal
LA9 7DD

Meritin Management Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Meritin Management Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Meritin Management Limited for the year ended 31 December 2015 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Meritin Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Meritin Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Meritin Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Meritin Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Meritin Management Limited. You consider that Meritin Management 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 accounts of Meritin Management 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 accounts.

......................................

3CA Limited
Chartered Accountants and Business Advisors
Kent Cottage
Bridge Lane
Kendal
Kendal
LA9 7DD

15 September 2016

Page 1

Meritin Management Limited
(Registration number: 05058678)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2			2
Current assets
Debtors					124			120
Cash at bank and in hand					35,215			44,962
					35,339			45,082
Creditors: Amounts falling due within one year					(3,335)			(3,084)
Net current assets					32,004			41,998
Net assets					32,006			42,000
Capital and reserves
Called up share capital		3			4,000			4,000
Profit and loss account					28,006			38,000
Shareholders' funds					32,006			42,000

For the year ending 31 December 2015 the company was entitled to exemption 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 .

Approved by the Board on 15 September 2016 and signed on its behalf by:

.........................................
B Van Eupen
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Meritin Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

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 January 2015).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line basis
Office equipment	33% straight line basis

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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 £			Total £
Cost
At 1 January 2015		5,033			5,033
At 31 December 2015		5,033			5,033
Depreciation
At 1 January 2015		5,031			5,031
At 31 December 2015		5,031			5,031
Net book value
At 31 December 2015		2			2
At 31 December 2014		2			2

Page 3

Meritin Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		4,000			4,000			4,000			4,000

Page 4