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Company No: 12839799 (England and Wales)

MERINGUE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

MERINGUE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

MERINGUE HOLDINGS LIMITED

BALANCE SHEET

As at 31 August 2023
MERINGUE HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Investments 4 395,740 395,740
395,740 395,740
Creditors: amounts falling due within one year 5 ( 244,584) ( 311,204)
Net current liabilities (244,584) (311,204)
Total assets less current liabilities 151,156 84,536
Net assets 151,156 84,536
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 151,056 84,436
Total shareholders' funds 151,156 84,536

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Meringue Holdings Limited (registered number: 12839799) were approved and authorised for issue by the Board of Directors on 22 April 2024. They were signed on its behalf by:

J M S Rose
Director
MERINGUE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
MERINGUE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Meringue Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Nexus House, 2 Cray Road, Sidcup, DA14 5DA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Specifically, judgements and estimates are required in determining the carrying value of investments and the adoption of the going concern basis in preparing these accounts.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 September 2022 395,740
At 31 August 2023 395,740
Carrying value at 31 August 2023 395,740
Carrying value at 31 August 2022 395,740

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Group undertakings 68,975 68,900
Other creditors 175,609 242,304
244,584 311,204

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
7,000 Ordinary A shares of £ 0.01 each 70 70
3,000 Ordinary B shares of £ 0.01 each 30 30
100 100

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

The company has taken advantage of the exemption in FRS 102 1A C.35 "Related Party Disclosures" from disclosing transactions with other members of the group.

Transactions with the entity's directors

2023 2022
£ £
Directors' loan accounts 99,930 99,930

The above amounts are provided interest free, are unsecured and are repayable on demand.