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REGISTERED NUMBER: 04035606 (England and Wales)















MEYRICK PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






MEYRICK PROPERTIES LIMITED (REGISTERED NUMBER: 04035606)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MEYRICK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs A J Wood
Mrs C J Sevenoaks





REGISTERED OFFICE: Shepherds Hill
Dulas
Ewyas Harold
Herefordshire
HR2 0HW





REGISTERED NUMBER: 04035606 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

MEYRICK PROPERTIES LIMITED (REGISTERED NUMBER: 04035606)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 125,000 125,000

CURRENT ASSETS
Cash at bank 2,608 1,336

CREDITORS
Amounts falling due within one year 5 16,841 20,447
NET CURRENT LIABILITIES (14,233 ) (19,111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,767

105,889

PROVISIONS FOR LIABILITIES 23,750 23,750
NET ASSETS 87,017 82,139

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 7 77,355 77,355
Retained earnings 7 9,562 4,684
SHAREHOLDERS' FUNDS 87,017 82,139

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 April 2024 and were signed on its behalf by:




Mrs C J Sevenoaks - Director


MEYRICK PROPERTIES LIMITED (REGISTERED NUMBER: 04035606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Meyrick Properties 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 as modified by the revaluation of certain assets.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 125,000
NET BOOK VALUE
At 31 July 2023 125,000
At 31 July 2022 125,000

MEYRICK PROPERTIES LIMITED (REGISTERED NUMBER: 04035606)

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

4. INVESTMENT PROPERTY - continued

The directors, having considered the market values for properties of a similar nature, consider the valuations shown in the accounts to reflect a true and fair view of the market value at the end of the financial period.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2015 50,371
Valuation in 2016 4,204
Valuation in 2017 4,425
Valuation in 2018 2,500
Valuation in 2019 (41,000 )
Valuation in 2021 25,000
Valuation in 2022 50,000
Cost 29,500
125,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Executors of Mrs J Meyrick
(deceased) 3,768 -
Corporation tax 924 -
Directors' current accounts 8,309 15,532
Accruals and deferred income 3,840 4,915
16,841 20,447

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2022 4,684 77,355 82,039
Profit for the year 9,878 - 9,878
Dividends (5,000 ) - (5,000 )
At 31 July 2023 9,562 77,355 86,917

8. RELATED PARTY DISCLOSURES

During the year ended 31 July 2023, dividends were paid to the directors as follows:


Mrs A J Wood £2,500
Mrs C J Sevenoaks £2,500