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REGISTERED NUMBER: 10052809 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MERRIOTT HOLDINGS LIMITED

MERRIOTT HOLDINGS LIMITED (REGISTERED NUMBER: 10052809)

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


MERRIOTT HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: J J Merriott
Mrs S M Merriott





REGISTERED OFFICE: Unit 2 Aysgarth Road
Waterlooville
Hampshire
PO7 7UG





REGISTERED NUMBER: 10052809 (England and Wales)





ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR

MERRIOTT HOLDINGS LIMITED (REGISTERED NUMBER: 10052809)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 992,745 1,019,140
Investments 5 2 2
992,747 1,019,142

CURRENT ASSETS
Cash at bank 219,686 199,692

CREDITORS
Amounts falling due within one year 6 521,901 490,947
NET CURRENT LIABILITIES (302,215 ) (291,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

690,532

727,887

PROVISIONS FOR LIABILITIES 66,677 59,607
NET ASSETS 623,855 668,280

CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 200,000 200,000
Retained earnings 423,853 468,278
SHAREHOLDERS' FUNDS 623,855 668,280

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd April 2024 and were signed on its behalf by:





J J Merriott - Director


MERRIOTT HOLDINGS LIMITED (REGISTERED NUMBER: 10052809)

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


1. STATUTORY INFORMATION

Merriott Holdings 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. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - Straight line over 10 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 1A to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

3. EMPLOYEES AND DIRECTORS

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

MERRIOTT HOLDINGS LIMITED (REGISTERED NUMBER: 10052809)

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


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1st January 2023 850,000 40,847 167,688
Additions - 1,039 6,491
At 31st December 2023 850,000 41,886 174,179
DEPRECIATION
At 1st January 2023 - 16,075 56,604
Charge for year - 4,219 23,515
At 31st December 2023 - 20,294 80,119
NET BOOK VALUE
At 31st December 2023 850,000 21,592 94,060
At 31st December 2022 850,000 24,772 111,084

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1st January 2023 36,068 22,453 1,117,056
Additions 583 - 8,113
At 31st December 2023 36,651 22,453 1,125,169
DEPRECIATION
At 1st January 2023 16,183 9,054 97,916
Charge for year 4,094 2,680 34,508
At 31st December 2023 20,277 11,734 132,424
NET BOOK VALUE
At 31st December 2023 16,374 10,719 992,745
At 31st December 2022 19,885 13,399 1,019,140

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 2
NET BOOK VALUE
At 31st December 2023 2
At 31st December 2022 2

MERRIOTT HOLDINGS LIMITED (REGISTERED NUMBER: 10052809)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 520,977 481,459
Other creditors 924 9,488
521,901 490,947

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 200,000