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REGISTERED NUMBER: 01435506 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MERE SECURITIES LIMITED

MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MERE SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr P C Nicholson
Mrs L-J Nicholson





SECRETARY: Mrs L-J Nicholson





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: Mere House
Green Lane
Hamble
Southampton
Hampshire
SO31 4JB





REGISTERED NUMBER: 01435506 (England and Wales)






MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 8
Investment property 6 250,000 250,000
250,000 250,008

CURRENT ASSETS
Debtors 7 64,548 64,925
Cash at bank 59,128 83,421
123,676 148,346
CREDITORS
Amounts falling due within one year 8 8,867 10,505
NET CURRENT ASSETS 114,809 137,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,809

387,849

CAPITAL AND RESERVES
Called up share capital 9 301 301
Fair value reserve 10 118,227 118,227
Retained earnings 246,281 269,321
SHAREHOLDERS' FUNDS 364,809 387,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd April 2024 and were signed on its behalf by:





Mr P C Nicholson - Director


MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Mere Securities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% straight line
Fixtures and fittings - 25% straight line

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 1,058 2,220 3,278
DEPRECIATION
At 1st January 2023 1,050 2,220 3,270
Charge for year 8 - 8
At 31st December 2023 1,058 2,220 3,278
NET BOOK VALUE
At 31st December 2023 - - -
At 31st December 2022 8 - 8

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 250,000
NET BOOK VALUE
At 31st December 2023 250,000
At 31st December 2022 250,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2006 118,227
Valuation in 2008 (50,000 )
Valuation in 2020 50,000
Cost 131,773
250,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 64,548 64,925

Included in Other debtors is £1,090 (2022: £4,925) in relation to prepayments and accrued income.

MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,519 2,886
Other creditors 7,348 7,619
8,867 10,505

Included in Other creditors is £6,761 (2022: £7,525) in relation to accruals and deferred income.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300
1 Ordinary B £1 1 1
301 301

10. RESERVES
Fair
value
reserve
£   
At 1st January 2023
and 31st December 2023 118,227

11. RELATED PARTY DISCLOSURES

During 2011 the company made a £60,000 loan to Mr D Man, a family connection of the director. At the year end £60,000 (2022 - £60,000) was outstanding.