MERRINGTON LANE LTD

Company Registration Number:
13746873 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 16 November 2021

End date: 31 March 2023

MERRINGTON LANE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes

MERRINGTON LANE LTD

Balance sheet

As at 31 March 2023

Notes 17 months to 31 March 2023


£
Fixed assets
Tangible assets: 3 8,411,289
Total fixed assets: 8,411,289
Current assets
Debtors: 4 301,684
Cash at bank and in hand: 452,675
Total current assets: 754,359
Creditors: amounts falling due within one year: 5 ( 40,028 )
Net current assets (liabilities): 714,331
Total assets less current liabilities: 9,125,620
Creditors: amounts falling due after more than one year: 6 ( 9,028,981 )
Accruals and deferred income: ( 180,786 )
Total net assets (liabilities): (84,147)
Capital and reserves
Called up share capital: 100
Profit and loss account: (84,247 )
Total Shareholders' funds: ( 84,147 )

The notes form part of these financial statements

MERRINGTON LANE LTD

Balance sheet statements

For the year ending 31 March 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 October 2023
and signed on behalf of the board by:

Name: A J Ward
Status: Director

The notes form part of these financial statements

MERRINGTON LANE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received from rental income in the normal course of business, and is shown net of VAT and other sales related taxes. Rental income receivable under operating leases is accrued on a straight basis over the lease term.

    Other accounting policies

    Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit or loss.

MERRINGTON LANE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    17 months to 31 March 2023
    Average number of employees during the period 1

MERRINGTON LANE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 8,411,289 8,411,289
Disposals
Revaluations
Transfers
At 31 March 2023 8,411,289 8,411,289
Depreciation
Charge for year
On disposals
Other adjustments
At 31 March 2023
Net book value
At 31 March 2023 8,411,289 8,411,289

The investment property is carried at its fair value as at the balance sheet date as determined by the Director.

MERRINGTON LANE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

17 months to 31 March 2023
£
Trade debtors 34,215
Other debtors 267,469
Total 301,684

MERRINGTON LANE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

17 months to 31 March 2023
£
Trade creditors 258
Taxation and social security 39,770
Total 40,028

MERRINGTON LANE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

17 months to 31 March 2023
£
Other creditors 9,028,981
Total 9,028,981