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REGISTERED NUMBER: 12344880 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 December 2023

for

Merry Hill QSR (No.2) Limited

Merry Hill QSR (No.2) Limited (Registered number: 12344880)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Merry Hill QSR (No.2) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J D Morgan





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 12344880 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Merry Hill QSR (No.2) Limited (Registered number: 12344880)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,363 12,607

CURRENT ASSETS
Stocks 7,572 10,389
Debtors 5 54,390 138,990
Cash at bank and in hand 86,969 81,081
148,931 230,460
CREDITORS
Amounts falling due within one year 6 160,560 151,011
NET CURRENT (LIABILITIES)/ASSETS (11,629 ) 79,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,734

92,056

CREDITORS
Amounts falling due after more than one
year

7

29,868

35,382
NET (LIABILITIES)/ASSETS (26,134 ) 56,674

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings (26,235 ) 56,574
SHAREHOLDERS' FUNDS (26,134 ) 56,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 10 April 2024 and were signed by:





J D Morgan - Director


Merry Hill QSR (No.2) Limited (Registered number: 12344880)

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

1. STATUTORY INFORMATION

Merry Hill QSR (No.2) 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.

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.
Short leasehold - 2% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 17 (2022 - 16 ) .

Merry Hill QSR (No.2) Limited (Registered number: 12344880)

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

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2023 7,096 6,858 13,954
Additions - 5,337 5,337
At 31 December 2023 7,096 12,195 19,291
DEPRECIATION
At 1 January 2023 426 921 1,347
Charge for year 142 2,439 2,581
At 31 December 2023 568 3,360 3,928
NET BOOK VALUE
At 31 December 2023 6,528 8,835 15,363
At 31 December 2022 6,670 5,937 12,607

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 925 -
Amounts owed by group undertakings 24,000 -
Other debtors 29,465 138,990
54,390 138,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,514 5,514
Trade creditors 74,499 83,105
Taxation and social security 31,580 23,689
Other creditors 48,967 38,703
160,560 151,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,868 35,382

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J D Morgan
Balance outstanding at start of year 5,775 -
Amounts advanced - 5,775
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,775 5,775