Meridian (Brighton) Limited - Abbreviated accounts 16.3
Meridian (Brighton) Limited - Abbreviated accounts 16.3
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
| FOR |
| MERIDIAN (BRIGHTON) LIMITED |
| MERIDIAN (BRIGHTON) LIMITED (REGISTERED NUMBER: 02687444) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| MERIDIAN (BRIGHTON) LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 July 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| MERIDIAN (BRIGHTON) LIMITED (REGISTERED NUMBER: 02687444) |
| ABBREVIATED BALANCE SHEET |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve | ( |
) | ( |
) |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| MERIDIAN (BRIGHTON) LIMITED (REGISTERED NUMBER: 02687444) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 July 2016 |
| The financial statements were approved by the Board of Directors on |
| MERIDIAN (BRIGHTON) LIMITED (REGISTERED NUMBER: 02687444) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 July 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation |
| is provided in respect of freehold properties held as investments. This is a departure from the requirements of the |
| Companies Act 2006 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. |
| Depreciation is only one of the many elements reflected in the annual valuation of properties, and accordingly, |
| the amount of depreciation which might otherwise have been charged cannot be separately identified or |
| quantified. The directors consider that this policy results in the financial statements giving a true and fair view. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Other operating income |
| Other operating income includes rents receivable which are accounted on a accruals basis. |
| Going concern |
| The company's accounts have been prepared on a going concern basis as the shareholders and directors have |
| made guarantees of their on going support for the company and that they will not seek repayment of their loan |
| accounts. This will allow the company to continue to trade for the foreseeable future. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| MERIDIAN (BRIGHTON) LIMITED (REGISTERED NUMBER: 02687444) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 July 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 August 2015 |
| and 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable otherwise than by instalments | 1,044,444 | 743,840 |
| Repayable by instalments | - | 222,529 |
| 1,044,444 | 966,369 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |