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REGISTERED NUMBER: 14621711 (England and Wales)










Merton Villa Housing & Support Limited

Unaudited Financial Statements

for the period

27 January 2023 to 31 January 2024






Merton Villa Housing & Support Limited (Registered number: 14621711)






Contents of the Financial Statements
for the period 27 January 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Merton Villa Housing & Support Limited

Company Information
for the period 27 January 2023 to 31 January 2024







DIRECTOR: Mr W S Ralph





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St. Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 14621711 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Merton Villa Housing & Support Limited (Registered number: 14621711)

Balance Sheet
31 January 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 104,098
Tangible assets 5 400,694
504,792

CURRENT ASSETS
Cash at bank 61,283

CREDITORS
Amounts falling due within one year 6 552,528
NET CURRENT LIABILITIES (491,245 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,547

PROVISIONS FOR LIABILITIES 7 53,535
NET LIABILITIES (39,988 )

CAPITAL AND RESERVES
Called up share capital 8 110
Retained earnings 9 (40,098 )
SHAREHOLDERS' FUNDS (39,988 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 April 2024 and were signed by:





Mr W S Ralph - Director


Merton Villa Housing & Support Limited (Registered number: 14621711)

Notes to the Financial Statements
for the period 27 January 2023 to 31 January 2024

1. STATUTORY INFORMATION

Merton Villa Housing & Support 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Merton Villa Housing & Support Limited (Registered number: 14621711)

Notes to the Financial Statements - continued
for the period 27 January 2023 to 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 125,000
At 31 January 2024 125,000
AMORTISATION
Charge for period 20,902
At 31 January 2024 20,902
NET BOOK VALUE
At 31 January 2024 104,098

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 375,000 29,400 404,400
At 31 January 2024 375,000 29,400 404,400
DEPRECIATION
Charge for period - 3,706 3,706
At 31 January 2024 - 3,706 3,706
NET BOOK VALUE
At 31 January 2024 375,000 25,694 400,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 5,017
Social security and other taxes 672
Directors' current accounts 544,679
Accrued expenses 2,160
552,528

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax 53,535

Deferred
tax
£   
Provided during period 53,535
Balance at 31 January 2024 53,535

Merton Villa Housing & Support Limited (Registered number: 14621711)

Notes to the Financial Statements - continued
for the period 27 January 2023 to 31 January 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary A £1 100
10 Ordinary B £1 10
110

9. RESERVES
Retained
earnings
£   

Deficit for the period (40,098 )
At 31 January 2024 (40,098 )

Merton Villa Housing & Support Limited

Report of the Accountants to the Director of
Merton Villa Housing & Support Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN


11 April 2024