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REGISTERED NUMBER: 00347456 (England and Wales)
















E.F. Meering Limited

Unaudited Financial Statements

for the Year Ended 30th April 2024






E.F. Meering Limited (Registered number: 00347456)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


E.F. Meering Limited

Company Information
for the Year Ended 30th April 2024







Directors: E F Meering
J Playfair





Registered office: 4 Post Office Walk
Hertford
Hertfordshire
SG14 1DL





Registered number: 00347456 (England and Wales)





Accountants: Playfair Partnerships Limited
4 Post Office Walk
Hertford
Hertfordshire
SG14 1DL

E.F. Meering Limited (Registered number: 00347456)

Statement of Financial Position
30th April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 903 1,146
Investment property 5 2,276,003 2,245,003
2,276,906 2,246,149

Current assets
Debtors 6 2,117 5,000
Cash at bank 35,691 28,770
37,808 33,770
Creditors
Amounts falling due within one year 7 229,848 226,812
Net current liabilities (192,040 ) (193,042 )
Total assets less current liabilities 2,084,866 2,053,107

Provisions for liabilities 125,893 118,143
Net assets 1,958,973 1,934,964

Capital and reserves
Called up share capital 2,554 2,554
Revaluation reserve 818,599 795,349
Retained earnings 1,137,820 1,137,061
1,958,973 1,934,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

E.F. Meering Limited (Registered number: 00347456)

Statement of Financial Position - continued
30th April 2024


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 Board of Directors and authorised for issue on 30th July 2024 and were signed on its behalf by:





E F Meering - Director


E.F. Meering Limited (Registered number: 00347456)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. Statutory information

E.F. Meering 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
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 lease of commercial property and is recognised in line with
lease agreements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% straight line

Investment property
Investment properties are carried at fair value and any revaluation surpluses are recognised in the income statement. 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

E.F. Meering Limited (Registered number: 00347456)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st May 2023
and 30th April 2024 1,309
Depreciation
At 1st May 2023 163
Charge for year 243
At 30th April 2024 406
Net book value
At 30th April 2024 903
At 30th April 2023 1,146

5. Investment property
Total
£   
Fair value
At 1st May 2023 2,245,003
Revaluations 31,000
At 30th April 2024 2,276,003
Net book value
At 30th April 2024 2,276,003
At 30th April 2023 2,245,003

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2014 250,091
Valuation in 2015 (15,646 )
Valuation in 2016 182,500
Valuation in 2017 31,500
Valuation in 2018 75,500
Valuation in 2019 88,500
Valuation in 2021 36,047
Valuation in 2022 189,000
Valuation in 2023 76,000
Valuation in 2024 31,000
Cost 1,331,511
2,276,003

The investment properties were valued on an open market basis on 30th April 2024.

E.F. Meering Limited (Registered number: 00347456)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 2,117 5,000

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 1,051
Taxation and social security 4,457 7,460
Other creditors 225,391 218,301
229,848 226,812