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Registered Number: 14100637
England and Wales

 

 

 

PHILLIP MERNOCK LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 11 May 2022

End date: 31 May 2023
Directors Dominic Mernock
James Phillip
Registered Number 14100637
Registered Office Apartment 8, Berkeley House
4 -6 South Park Road
Harrogate
North Yorkshire
HG1 5QU
Accountants Best Accountancy Services Ltd
Harrogate Business Centre, Hammerain House
Hookstone Avenue
Harrogate
North Yorkshire
HG2 8ER
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 6,955 
6,955 
Current assets    
Stocks 4 474,368 
Debtors 5 4,198 
Cash at bank and in hand 21,147 
499,713 
Creditors: amount falling due within one year 6 (3,209)
Net current assets 496,504 
 
Total assets less current liabilities 503,459 
Creditors: amount falling due after more than one year 7 (508,345)
Net liabilities (4,886)
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account (4,986)
Shareholder's funds (4,886)
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 06 February 2024 and were signed on its behalf by:


-------------------------------
Dominic Mernock
Director
-------------------------------
James Phillip
Director
2
General Information
Phillip Mernock Ltd is a private company, limited by shares, registered in England and Wales, registration number 14100637, registration address Apartment 8, Berkeley House, 4 -6 South Park Road, Harrogate, North Yorkshire, HG1 5QU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20%
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 11 May 2022  
Additions 8,350    8,350 
Disposals  
At 31 May 2023 8,350    8,350 
Depreciation
At 11 May 2022  
Charge for period 1,395    1,395 
On disposals  
At 31 May 2023 1,395    1,395 
Net book values
Closing balance as at 31 May 2023 6,955    6,955 
Opening balance as at 11 May 2022  


4.

Stocks

2023
£
Work in Progress 474,368 
474,368 

5.

Debtors: amounts falling due within one year

2023
£
Other Debtors 4,198 
4,198 

6.

Creditors: amount falling due within one year

2023
£
Other Creditors 3,209 
3,209 

7.

Creditors: amount falling due after more than one year

2023
£
Other Creditors 508,345 
508,345 

8.

Advances and Credits



Dominic Mernock
During the period ended 31st May 2023, the Director advanced £108,345 to the Company. The loan is interest free and repayable upon demand.

Current year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
Dominic Mernock108,345 108,345 
01083450000108345
9.

Fixed charge

The liability of the company for payment of the agreed purchase value of the land for development is secured by a fixed charge over the land.
3