Maream Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04944735 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Maream Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Long

SECRETARY:

Mr E Long

REGISTERED OFFICE:

Transport House

Uxbridge Road

Hillingdon Heath

Middlesex

UB10 0LY

REGISTERED NUMBER:

04944735 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,086,425

1,047,747

CURRENT ASSETS

Debtors

3,408

Cash at bank

1,318

3,683

4,726

7,091

CREDITORS

Amounts falling due within one year

188,749

161,755

NET CURRENT LIABILITIES

(184,023

)

(154,664

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

902,402

893,083

CREDITORS

Amounts falling due after more than one
year

5

816,031

815,953

NET ASSETS

86,371

77,130

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

86,271

77,030

SHAREHOLDERS' FUNDS

86,371

77,130

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 July 2018 and were signed by:

Mrs M Long - Director

1.	STATUTORY INFORMATION

Maream 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.

Turnover

Turnover comprises revenue recognised by the company in respect of rent receivable.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual

arrangement as either 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.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment

properties are initially measure at cost, including transaction costs. Subsequently, investment

properties whose fair values can be measured reliably without cost or effort on an ongoing basis are

measured at fair value. Gains or losses arising from changes in the fair value of investment properties

are included in the profit and loss in the period in which they arise.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2016

1,048,714

Additions

38,716

At 31 October 2017

1,087,430

DEPRECIATION

At 1 November 2016

967

Charge for year

38

At 31 October 2017

1,005

NET BOOK VALUE

At 31 October 2017

1,086,425

At 31 October 2016

1,047,747

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.10.17

31.10.16

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

816,031

815,953

6.

LOANS

An analysis of the maturity of loans is given below:

31.10.17

31.10.16

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

816,031

815,953

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.17

31.10.16

£

Bank loans

816,031

815,953

The bank loans are secured by way of deeds of charge which entitle the holders to a fixed charge over

the company's investment properties.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

100

Ordinary

£1

100

9.

RESERVES

Retained

earnings

£

At 1 November 2016

77,030

Profit for the year

9,241

At 31 October 2017

86,271

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 October 2017, the balance owing to the director was £183,841 (2016: £158,218).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party for the current year and the previous year was Mrs M Long.

Maream Limited - Accounts to registrar (filleted) - small 18.1

Maream Limited - Accounts to registrar (filleted) - small 18.1