2022-12-192023-12-312023-12-31false14547288MERLEWJA PROPERTIES 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MERLEWJA PROPERTIES LIMITED

Registered Number
14547288
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

MERLEWJA PROPERTIES LIMITED
Company Information
for the period from 19 December 2022 to 31 December 2023

Directors

E Brown
I Brown

Registered Address

179 Park Lane Park Lane
Poynton
SK12 1RH

Registered Number

14547288 (England and Wales)
MERLEWJA PROPERTIES LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

£

£

Fixed assets
Investment property31,980,000
1,980,000
Current assets
Debtors1,758
Cash at bank and on hand4,369
6,127
Creditors amounts falling due within one year4(5,124)
Net current assets (liabilities)1,003
Total assets less current liabilities1,981,003
Creditors amounts falling due after one year5(459,442)
Net assets1,521,561
Capital and reserves
Called up share capital300
Share premium1,520,558
Profit and loss account703
Shareholders' funds1,521,561
The financial statements were approved and authorised for issue by the Board of Directors on 23 July 2024, and are signed on its behalf by:
E Brown
Director
I Brown
Director

Registered Company No. 14547288
MERLEWJA PROPERTIES LIMITED
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 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. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

2023
Average number of employees during the year2
3.Investment property

£
Additions1,980,000
At 31 December 231,980,000
4.Creditors: amounts due within one year

2023

£
Taxation and social security3,684
Accrued liabilities and deferred income1,440
Total5,124
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
5.Creditors: amounts due after one year

2023

£
Bank borrowings and overdrafts459,442
Total459,442