IRIS Accounts Production v23.4.0.336 10502970 director 1.10.22 30.9.23 30.9.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105029702022-09-30105029702023-09-30105029702022-10-012023-09-30105029702021-09-30105029702021-10-012022-09-30105029702022-09-3010502970ns15:EnglandWales2022-10-012023-09-3010502970ns14:PoundSterling2022-10-012023-09-3010502970ns10:Director12022-10-012023-09-3010502970ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3010502970ns10:SmallEntities2022-10-012023-09-3010502970ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3010502970ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3010502970ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3010502970ns10:FullAccounts2022-10-012023-09-3010502970ns10:OrdinaryShareClass12022-10-012023-09-3010502970ns10:RegisteredOffice2022-10-012023-09-3010502970ns5:CurrentFinancialInstruments2023-09-3010502970ns5:CurrentFinancialInstruments2022-09-3010502970ns5:ShareCapital2023-09-3010502970ns5:ShareCapital2022-09-3010502970ns5:RetainedEarningsAccumulatedLosses2023-09-3010502970ns5:RetainedEarningsAccumulatedLosses2022-09-3010502970ns10:OrdinaryShareClass12023-09-30
REGISTERED NUMBER: 10502970 (England and Wales)















MERRYN PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






MERRYN PROPERTIES LIMITED (REGISTERED NUMBER: 10502970)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MERRYN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Miss V M Bladon





REGISTERED OFFICE: Belt View Farm
Cannock Road
Stafford
Staffordshire
ST17 0SH





REGISTERED NUMBER: 10502970 (England and Wales)

MERRYN PROPERTIES LIMITED (REGISTERED NUMBER: 10502970)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 190,897 190,897

CURRENT ASSETS
Cash at bank 44,116 52,879

CREDITORS
Amounts falling due within one year 5 (200,564 ) (214,092 )
NET CURRENT LIABILITIES (156,448 ) (161,213 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,449 29,684

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 34,349 29,584
SHAREHOLDERS' FUNDS 34,449 29,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:





Miss V M Bladon - Director


MERRYN PROPERTIES LIMITED (REGISTERED NUMBER: 10502970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Merryn 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. The policies adopted for the recognition of turnover are as follows:

Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

Investment property
In the opinion of the directors the investment property is included at an amount that accords to its fair value at the balance sheet date. Revaluation surpluses are recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MERRYN PROPERTIES LIMITED (REGISTERED NUMBER: 10502970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 190,897
NET BOOK VALUE
At 30 September 2023 190,897
At 30 September 2022 190,897

The directors are of the opinion that the fair value of the investment property as at 30 September 2023 accords to the value shown on the balance sheet, being £190,897. The value is based on cost.

The historical cost of the investment property as at 30 September 2023 was £190,897.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,595 1,202
Other creditors 106,630 106,630
Directors' current accounts 90,743 104,802
Accruals and deferred income 1,596 1,458
200,564 214,092

6. CALLED UP SHARE CAPITAL

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