Meridian Developments (S.P.) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04972668 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Meridian Developments (S.P.) Limited

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Directors:

D J McGuinness

B McGuinness

Secretary:

D J McGuinness

Registered office:

34 Princes Street,

Southport

Merseyside

PR8 1EQ

Registered number:

04972668 (England and Wales)

Accountants:

Ridgway and Company

Chartered Accountants

The Office,

Ffordd Pentre Bach, Nercwys.

Mold

Flintshire

CH7 4EG

FIXED ASSETS

Tangible assets

2

2,643

-

Investment property

3

839,714

809,753

842,357

809,753

CURRENT ASSETS

Debtors

8,807

-

Cash at bank

34,027

4,923

42,834

4,923

CREDITORS

Amounts falling due within one year

58,458

61,606

NET CURRENT LIABILITIES

(15,624

)

(56,683

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

826,733

753,070

CREDITORS

Amounts falling due after more than one
year

780,811

727,268

NET ASSETS

45,922

25,802

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

45,921

25,801

SHAREHOLDERS' FUNDS

45,922

25,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 30 June 2017 and were signed on its behalf by:

D J McGuinness - Director

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.

TANGIBLE FIXED ASSETS

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

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.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,950

At 30 November 2016

2,950

DEPRECIATION

Charge for year

307

At 30 November 2016

307

NET BOOK VALUE

At 30 November 2016

2,643

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 December 2015

809,753

Additions

29,961

At 30 November 2016

839,714

NET BOOK VALUE

At 30 November 2016

839,714

At 30 November 2015

809,753

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1

Ordinary

1.00

1