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
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
Meera Beers U.K. Ltd
Statement of financial position
as at 31 March 2023
Investments
156,933
354,734
Cash at bank and in hand
84,855
100,698
Creditors: amounts falling due within one year
(461,373)
(454,790)
Net current assets
47,369
30,805
Net assets
204,356
385,611
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
Meera Beers U.K. Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
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.
The accounts are presented in £ sterling.
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:
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
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.
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.
Meera Beers U.K. Ltd
Notes to the Accounts
for the year ended 31 March 2023
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 in subsidiaries are included at fair value
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
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
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
Amounts falling due within one year
Accrued income and prepayments
18,727
10,345
Other debtors
405,160
374,552
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
12,767
30,391
Other creditors
41,757
41,756
Loans from directors
402,690
379,989
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).