Company registration number 12777071 (England and Wales)
MERVELLION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
MERVELLION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
MERVELLION LIMITED (REGISTERED NUMBER: 12777071)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
3,601,074
3,601,074
Current assets
Debtors
4
60,403
26,235
Cash at bank and in hand
83,012
207,855
143,415
234,090
Creditors: amounts falling due within one year
5
(73,884)
(56,595)
Net current assets
69,531
177,495
Total assets less current liabilities
3,670,605
3,778,569
Creditors: amounts falling due after more than one year
6
(3,235,555)
(3,462,039)
Net assets
435,050
316,530
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
434,950
316,430
Total equity
435,050
316,530
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
MERVELLION LIMITED (REGISTERED NUMBER: 12777071)
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 September 2024 and are signed on its behalf by:
Mr A G Cook
Director
MERVELLION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
Mervellion Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rental income. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Investment property
Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
MERVELLION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
3
Investment property
2024
£
Fair value
At 1 August 2023 and 31 July 2024
3,601,074
The investment properties have been valued by the directors at cost.
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
51,705
24,915
Other debtors
8,698
1,320
60,403
26,235
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,904
Taxation and social security
37,629
36,108
Other creditors
32,351
20,487
73,884
56,595
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
3,235,555
3,462,039