Meridian Grand Limited - Period Ending 2016-06-30

Registration number: 08109732

Meridian Grand Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Kajaine Limited
Kajaine House
57-67 High Street
Edgware
HA8 7DD

Meridian Grand Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Meridian Grand Limited
(Registration number: 08109732)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,937,193			2,051,547
Current assets
Debtors					117,265			243,905
Cash at bank and in hand					67,823			248,857
					185,088			492,762
Creditors: Amounts falling due within one year					(2,627,552)			(3,083,295)
Net current liabilities					(2,442,464)			(2,590,533)
Net liabilities					(505,271)			(538,986)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(505,371)			(539,086)
Shareholders' deficit					(505,271)			(538,986)

For the year ending 30 June 2016 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 director acknowledges her 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 special provisions for small companies under Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the director on 16 March 2017

.........................................
Miss N Mulchandani
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Meridian Grand Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... 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).

Going concern

The financial statements have been prepared on a going concern basis as in the opinion of the director she will continue to meet the liabilities as they fall due.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Leasehold improvements	15 years on straight line basis
Plant and equipment	20% on reducing balance basis
Fixtures and fittings	15% on reducing balance basis
Office equipment	25% on reducing balance basis

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.

Page 2

Meridian Grand Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		2,447,468			2,447,468
Additions		147,817			147,817
At 30 June 2016		2,595,285			2,595,285
Depreciation
At 1 July 2015		395,921			395,921
Charge for the year		262,171			262,171
At 30 June 2016		658,092			658,092
Net book value
At 30 June 2016		1,937,193			1,937,193
At 30 June 2015		2,051,547			2,051,547

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 3