Company registration number 12777071 (England and Wales)
MERVELLION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
MERVELLION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
MERVELLION LIMITED (REGISTERED NUMBER: 12777071)
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment properties
3
3,601,074
3,500,462
Current assets
Debtors
4
26,235
7,025
Cash at bank and in hand
207,855
189,269
234,090
196,294
Creditors: amounts falling due within one year
5
(56,595)
(55,821)
Net current assets
177,495
140,473
Total assets less current liabilities
3,778,569
3,640,935
Creditors: amounts falling due after more than one year
6
(3,462,039)
(3,462,000)
Net assets
316,530
178,935
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
316,430
178,835
Total equity
316,530
178,935

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

MERVELLION LIMITED (REGISTERED NUMBER: 12777071)
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 12 October 2023 and are signed on its behalf by:
Mr A G Cook
Director
MERVELLION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

Mervellion Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, Kent, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents rental income receivable.

1.3
Investment properties

Investment property, which is property held to earn rentals and 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 profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
MERVELLION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
3
Investment property
2023
£
Fair value
At 1 August 2022
3,500,462
Additions
100,612
At 31 July 2023
3,601,074

The properties are valued at cost.

4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
24,915
4,617
Other debtors
1,320
2,408
26,235
7,025
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
3,129
Taxation and social security
36,108
27,932
Other creditors
20,487
24,760
56,595
55,821
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
3,462,039
3,462,000
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