Merrygood Limited 06101495 true 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of an intermediate parent company. Digita Accounts Production Advanced 6.30.9574.0 true V Patel V Patel N Patel K Patel true false false 06101495 2022-04-01 2023-03-31 06101495 2023-03-31 06101495 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-31 06101495 core:ShareCapital 2023-03-31 06101495 core:CurrentFinancialInstruments 2023-03-31 06101495 bus:FRS102 2022-04-01 2023-03-31 06101495 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06101495 bus:FullAccounts 2022-04-01 2023-03-31 06101495 bus:RegisteredOffice 2022-04-01 2023-03-31 06101495 bus:Director1 2022-04-01 2023-03-31 06101495 bus:Director2 2022-04-01 2023-03-31 06101495 bus:Director3 2022-04-01 2023-03-31 06101495 bus:Director4 2022-04-01 2023-03-31 06101495 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-04-01 2023-03-31 06101495 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06101495 1 2022-04-01 2023-03-31 06101495 countries:EnglandWales 2022-04-01 2023-03-31 06101495 core:CostValuation 2022-03-31 06101495 2022-03-31 06101495 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-31 06101495 core:ShareCapital 2022-03-31 06101495 core:CurrentFinancialInstruments 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06101495

Merrygood Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Merrygood Limited

Profit and Loss Account for the Year Ended 31 March 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Merrygood Limited

(Registration number: 06101495)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

3

100

100

Current assets

 

Debtors

4

24,900

24,900

Net assets

 

25,000

25,000

Capital and reserves

 

Called up share capital

5

25,000

25,000

Shareholders' funds

 

25,000

25,000

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 April 2023 and signed on its behalf by:
 


V Patel
Director

 

Merrygood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
109-111 Field End Road
Pinner
HA5 1QG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The financial statements contain information about Merrygood Limited as an individual company and do not contain consolidated financial information as the parent of a group.

The company is exempt under section 400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertaking is included by full consolidation in the consolidated financial statements of Enimed LImited, a company incorporated in England and Wales.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Merrygood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

 

Merrygood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Investments

2023
£

2022
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 April 2022

100

Provision

Carrying amount

At 31 March 2023

100

At 31 March 2022

100

4

Debtors

2023
£

2022
£

Other debtors

24,900

24,900

24,900

24,900

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

25,000

25,000

25,000

25,000

         

6

Parent and ultimate parent undertaking

The most senior parent entity producing publicaly available consolidated financial statements, including the company, is Enimed Limited. These consolidated financial statements are available upon request from 109-111 Field End Road, Pinner, HA5 1 QG.

 The company's immediate parent is Enimed Limited, incorporated in England and Wales.

 The ultimate parent is Enimed Limited, incorporated in England and Wales.