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REGISTERED NUMBER: 04728679 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Merton Park Ltd

Merton Park Ltd (Registered number: 04728679)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merton Park Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A K Manson





REGISTERED OFFICE: Unit D
South Cambridge Business Park
Babraham Road
Sawston
Cambridgeshire
CB22 3JH





REGISTERED NUMBER: 04728679 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Merton Park Ltd (Registered number: 04728679)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,320,518 2,320,518

CURRENT ASSETS
Debtors 5 130,561 130,561
Cash at bank 198 1,055
130,759 131,616
CREDITORS
Amounts falling due within one year 6 1,990,909 1,685,476
NET CURRENT LIABILITIES (1,860,150 ) (1,553,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,368

766,658

CREDITORS
Amounts falling due after more than one
year

7

15,250

412,828
NET ASSETS 445,118 353,830

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 445,116 353,828
SHAREHOLDERS' FUNDS 445,118 353,830

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 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.

Merton Park Ltd (Registered number: 04728679)

Balance Sheet - continued
31 July 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 26 July 2024 and were signed by:





A K Manson - Director


Merton Park Ltd (Registered number: 04728679)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Merton Park Ltd 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.

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

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Merton Park Ltd (Registered number: 04728679)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 2,315,154 106,656 2,421,810
DEPRECIATION
At 1 August 2022
and 31 July 2023 - 101,292 101,292
NET BOOK VALUE
At 31 July 2023 2,315,154 5,364 2,320,518
At 31 July 2022 2,315,154 5,364 2,320,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 130,561 130,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 277,035 192,301
Hire purchase contracts - 1,681
Payments on account 34,897 34,897
Trade creditors (1 ) 9,199
Taxation and social security 24,451 18,696
Other creditors 1,654,527 1,428,702
1,990,909 1,685,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,250 410,321
Hire purchase contracts - 2,507
15,250 412,828

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 23,278 418,151

The bank loan is secured against land owned by the company.