Meridian Mortgages Limited - Abbreviated accounts 16.3

Meridian Mortgages Limited - Abbreviated accounts 16.3

MERIDIAN MORTGAGES LIMITED - Company Information

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REGISTERED NUMBER: 05955825 (England and Wales)






























ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

MERIDIAN MORTGAGES LIMITED

MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

MERIDIAN MORTGAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: Mr GE Bell
Mr DG Walton





SECRETARY: Mr GE Bell





REGISTERED OFFICE: Harborough House
1-3 London Road
Oadby
Leicester
Leicestershire
LE2 5DL





REGISTERED NUMBER: 05955825 (England and Wales)
Page 1
MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 7,000 14,000
Tangible assets 3 17,764 22,786
24,764 36,786

CURRENT ASSETS
Debtors 207,149 108,972
Cash at bank and in hand 212,020 90,215
419,169 199,187
CREDITORS
Amounts falling due within one year 295,366 90,682
NET CURRENT ASSETS 123,803 108,505
TOTAL ASSETS LESS CURRENT
LIABILITIES
148,567
145,291

PROVISIONS FOR LIABILITIES 2,871 3,723
NET ASSETS 145,696 141,568

CAPITAL AND RESERVES
Called up share capital 4 131,000 131,000
Profit and loss account 14,696 10,568
SHAREHOLDERS' FUNDS 145,696 141,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 Board of Directors on 3 November 2016 and were signed on its behalf
by:




Mr GE Bell - Director



Mr DG Walton - Director


The notes form part of these abbreviated accounts

Page 3
MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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).

TURNOVER
Turnover represents net invoiced sales of services, excluding value added tax.

Insurance income taken at the outset of the policy is charged directly to the profit and loss account, however in
the event of cancellation there is potential for claw back of the fees.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 70,000
AMORTISATION
At 1 April 2015 56,000
Amortisation for year 7,000
At 31 March 2016 63,000
NET BOOK VALUE

At 31 March 2016 7,000
At 31 March 2015 14,000

Page 4 continued...
MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 98,364
Additions 7,492
At 31 March 2016 105,856
DEPRECIATION
At 1 April 2015 75,578
Charge for year 12,514
At 31 March 2016 88,092
NET BOOK VALUE
At 31 March 2016 17,764
At 31 March 2015 22,786

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
71,000 Ordinary £1 71,000 71,000
60,000 Preference £1 60,000 60,000
131,000 131,000

Page 5