Merefield Associates Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 01113860 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

MEREFIELD ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs W Ashby

SECRETARY:

D Ashby

REGISTERED OFFICE:

Kingsnorth House

1, Blenheim Way

Kingstanding

Birmingham

West Midlands

B44 8LS

REGISTERED NUMBER:

01113860 (England and Wales)

ACCOUNTANTS:

Boden Piper Limited

Kingsnorth House

Blenheim Way

Birmingham

West Midlands

B44 8LS

FIXED ASSETS

Tangible assets

3

300,000

300,000

CURRENT ASSETS

Debtors

4

1,000

1,000

Cash at bank

350

12

1,350

1,012

CREDITORS

Amounts falling due within one year

5

53,338

53,537

NET CURRENT LIABILITIES

(51,988

)

(52,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

248,012

247,475

PROVISIONS FOR LIABILITIES

25,858

-

NET ASSETS

222,154

247,475

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

6

136,096

136,096

Retained earnings

85,958

111,279

SHAREHOLDERS' FUNDS

222,154

247,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 April 2018 and were signed by:

Mrs W Ashby - Director

1.	STATUTORY INFORMATION

Merefield Associates Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 August 2016

and 31 July 2017

300,000

NET BOOK VALUE

At 31 July 2017

300,000

At 31 July 2016

300,000

Cost or valuation at 31 July 2017 is represented by:

Land and

buildings

£

Valuation in 2017

300,000

If the freehold property had not been revalued it would have been included at the following historical cost:

2017

2016

£

£

Cost

163,904

163,904

The freehold land and building was valued on an open market basis on 31 July 2017 by the director .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,000

1,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

599

Other creditors

53,338

52,938

53,338

53,537

6.

RESERVES

Revaluation

reserve

£

At 1 August 2016

and 31 July 2017

136,096

7.	RELATED PARTY TRANSACTIONS