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Company Registration No. 04697325 (England and Wales)
Meera Beers U.K. Ltd Unaudited accounts for the year ended 31 March 2023
Meera Beers U.K. Ltd Unaudited accounts Contents
Page
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Meera Beers U.K. Ltd Company Information for the year ended 31 March 2023
Directors
Mr C A Cleary Mr R E Hogsflesh
Company Number
04697325 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
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Meera Beers U.K. Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
54 
72 
Investments
156,933 
354,734 
156,987 
354,806 
Current assets
Debtors
423,887 
384,897 
Cash at bank and in hand
84,855 
100,698 
508,742 
485,595 
Creditors: amounts falling due within one year
(461,373)
(454,790)
Net current assets
47,369 
30,805 
Net assets
204,356 
385,611 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
(117,293)
80,508 
Profit and loss account
321,549 
305,003 
Shareholders' funds
204,356 
385,611 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2024 and were signed on its behalf by
Mr C A Cleary Director Company Registration No. 04697325
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Meera Beers U.K. Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Meera Beers U.K. Ltd is a private company, limited by shares, registered in England and Wales, registration number 04697325. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Exemption from preparing consolidated financial statements
The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Presentation currency
The accounts are presented in £ sterling.
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Tax is recognised in the statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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Meera Beers U.K. Ltd Notes to the Accounts for the year ended 31 March 2023
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value
Investments
Investments in subsidiaries are included at fair value
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method
Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Investments in non-derivative instruments that are equity to the issuer are measured: - at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably; - at cost less impairment for all other investments. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% WDV
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
512 
At 31 March 2023
512 
Depreciation
At 1 April 2022
440 
Charge for the year
18 
At 31 March 2023
458 
Net book value
At 31 March 2023
54 
At 31 March 2022
72 
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Meera Beers U.K. Ltd Notes to the Accounts for the year ended 31 March 2023
5
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 April 2022
263,756 
90,978 
354,734 
Fair value adjustments
(197,801)
- 
(197,801)
Valuation at 31 March 2023
65,955 
90,978 
156,933 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
18,727 
10,345 
Other debtors
405,160 
374,552 
423,887 
384,897 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
659 
654 
Taxes and social security
12,767 
30,391 
Other creditors
41,757 
41,756 
Loans from directors
402,690 
379,989 
Accruals
3,500 
2,000 
461,373 
454,790 
8
Transactions with related parties
The value of loans to related parties at the year end was £151,450 (2022: £151,450). These loans are repayable upon demand. There were loans received from the directors of £402,690 (2022: £379,989)
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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