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REGISTERED NUMBER: 10986932 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MERTON HALL SERVICES LIMITED

MERTON HALL SERVICES LIMITED (REGISTERED NUMBER: 10986932)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERTON HALL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G Makris
Mr G S Stavrou





REGISTERED OFFICE: 139a Sunnyhill Road
London
SW16 2UW





REGISTERED NUMBER: 10986932 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

MERTON HALL SERVICES LIMITED (REGISTERED NUMBER: 10986932)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,425 31,088
Investments 5 535,643 -
Investment property 6 11,935,000 11,935,000
12,497,068 11,966,088

CURRENT ASSETS
Debtors 7 432,037 416,683
Cash at bank 2,974,903 3,774,233
3,406,940 4,190,916
CREDITORS
Amounts falling due within one year 8 120,039 182,132
NET CURRENT ASSETS 3,286,901 4,008,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,783,969

15,974,872

PROVISIONS FOR LIABILITIES 9 8,911 -
NET ASSETS 15,775,058 15,974,872

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium 13,353,737 13,353,737
Fair value reserve 11 26,732 -
Retained earnings 2,393,589 2,620,135
SHAREHOLDERS' FUNDS 15,775,058 15,974,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MERTON HALL SERVICES LIMITED (REGISTERED NUMBER: 10986932)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr G Makris - Director


MERTON HALL SERVICES LIMITED (REGISTERED NUMBER: 10986932)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Merton Hall Services 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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

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

MERTON HALL SERVICES LIMITED (REGISTERED NUMBER: 10986932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,691 68,045 74,736
DEPRECIATION
At 1 April 2023 3,908 39,740 43,648
Charge for year 417 4,246 4,663
At 31 March 2024 4,325 43,986 48,311
NET BOOK VALUE
At 31 March 2024 2,366 24,059 26,425
At 31 March 2023 2,783 28,305 31,088

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 500,000
Revaluations 35,643
At 31 March 2024 535,643
NET BOOK VALUE
At 31 March 2024 535,643

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 35,643
Cost 500,000
535,643

MERTON HALL SERVICES LIMITED (REGISTERED NUMBER: 10986932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 11,935,000
NET BOOK VALUE
At 31 March 2024 11,935,000
At 31 March 2023 11,935,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts due from related party 400,000 400,000
Other Debtors 15,000 15,000
Prepayments and accrued income 17,037 1,683
432,037 416,683

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax - 75,965
Amounts due to related parties 115,840 101,968
Accrued expenses 4,199 4,199
120,039 182,132

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 8,911 -

Deferred
tax
£   
Provided during year 8,911
Balance at 31 March 2024 8,911

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

MERTON HALL SERVICES LIMITED (REGISTERED NUMBER: 10986932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. RESERVES
Fair
value
reserve
£   
Fair value 26,732

At 31 March 2024 26,732