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REGISTERED NUMBER: 04312362 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MERESTONE LIMITED

MERESTONE LIMITED (REGISTERED NUMBER: 04312362)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERESTONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M Hurley





SECRETARY: Mrs V Hurley





REGISTERED OFFICE: HARROW HOUSE
Main Street
Langley
Stratford upon Avon
Warwickshire
CV37 0HW





REGISTERED NUMBER: 04312362 (England and Wales)





ACCOUNTANTS: Adept Accounting
The Grange
Church Lane
Budbrooke
Warwick
CV35 8QL

MERESTONE LIMITED (REGISTERED NUMBER: 04312362)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,641 404
Investment property 5 1,405,396 1,366,646
1,409,037 1,367,050

CURRENT ASSETS
Cash at bank 230,197 204,885

CREDITORS
Amounts falling due within one year 6 1,200,375 1,169,924
NET CURRENT LIABILITIES (970,178 ) (965,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,859

402,011

PROVISIONS FOR LIABILITIES 639 -
NET ASSETS 438,220 402,011

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 438,120 401,911
SHAREHOLDERS' FUNDS 438,220 402,011

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MERESTONE LIMITED (REGISTERED NUMBER: 04312362)

BALANCE SHEET - continued
31 MARCH 2023


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 20 December 2023 and were signed by:





M Hurley - Director


MERESTONE LIMITED (REGISTERED NUMBER: 04312362)

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

1. STATUTORY INFORMATION

MERESTONE 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.

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 - 25% on reducing balance

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.

The investment properties are carried at cost which is believed by the Director to be a reasonable approximation of current market value.

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.

3. EMPLOYEES AND DIRECTORS

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

MERESTONE LIMITED (REGISTERED NUMBER: 04312362)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 8,357
Additions 4,451
At 31 March 2023 12,808
DEPRECIATION
At 1 April 2022 7,953
Charge for year 1,214
At 31 March 2023 9,167
NET BOOK VALUE
At 31 March 2023 3,641
At 31 March 2022 404

5. INVESTMENT PROPERTY


The investment properties are carried at cost which is believed by the Director to be a reasonable approximation of current market value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2 (1 )
Taxation and social security 10,952 17,899
Other creditors 1,189,421 1,152,026
1,200,375 1,169,924

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £7,500 were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Hurley.

The ultimate controlling party is M Hurley.