PETER MERRON AND SON LIMITED

Company Registration Number:
NI601950 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PETER MERRON AND SON LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PETER MERRON AND SON LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 693,643 669,657
Investments: 4 18,000 18,000
Total fixed assets: 711,643 687,657
Current assets
Stocks: 45,140 46,520
Debtors: 5 65,002 79,621
Cash at bank and in hand: 193,251 662,779
Investments: 6 600,000
Total current assets: 903,393 788,920
Creditors: amounts falling due within one year: 7 (92,832) (68,850)
Net current assets (liabilities): 810,561 720,070
Total assets less current liabilities: 1,522,204 1,407,727
Provision for liabilities: (53,806) (48,278)
Total net assets (liabilities): 1,468,398 1,359,449
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,468,298 1,359,349
Shareholders funds: 1,468,398 1,359,449

The notes form part of these financial statements

PETER MERRON AND SON LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: Mr Peter Merron
Status: Director

The notes form part of these financial statements

PETER MERRON AND SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PETER MERRON AND SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

PETER MERRON AND SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,161,742
Additions 83,318
Disposals (12,100)
At 31 March 2024 1,232,960
Depreciation
At 01 April 2023 492,085
Charge for year 53,806
On disposals (6,574)
At 31 March 2024 539,317
Net book value
At 31 March 2024 693,643
At 31 March 2023 669,657

PETER MERRON AND SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Shares in United Dairy Farmers £18,000

PETER MERRON AND SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

PETER MERRON AND SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Current investments

Other investments - £600,000

PETER MERRON AND SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due within one year note

Trade creditors and accruals £15,431 Corporation tax £77,401

PETER MERRON AND SON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Related party transactions

Name of the related party:
Relationship:
Directors
Description of the Transaction: The directors own land personally for which they charge the company a commercial conacre rent annually of £27,050 in the year.
£
Balance at 01 April 2023 0
Balance at 31 March 2024 0