MERBUILD_DEVELOPMENTS_LIM - Accounts
MERBUILD_DEVELOPMENTS_LIM - Accounts
Company Registration No. 02476143 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(208,407 )
(211,589 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(332,497 )
(318,901 )
(162,919)
(133,395)
Capital and reserves
Called up share capital
3
Profit and loss account
(163,019 )
(133,495 )
Shareholders' funds
(162,919 )
(133,395 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 13 July 2017
Director
Company Registration No. 02476143
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The company is dependent upon the support of other companies within the Merbuild (Holdings) Limited group in order to continue as a going concern.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Revenue recognition
Income represents revenue earned under a variety of contracts. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
2
Fixed assets
Investments
£
Cost
At 1 December 2015 & at 30 November 2016
151
At 30 November 2015
151
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
'B' Ordinary
Ordinary
Ordinary
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
(5,562)
(426)
(701)
(901)
(416)
(516)
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4
Ultimate parent company
The ultimate parent company is Merbuild (Holdings) Limited, a company registered in England and Wales.