Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2Holding company2023-01-06falsetruetruefalse 14593774 2023-01-05 14593774 2023-01-06 2023-12-31 14593774 2022-01-06 2023-01-05 14593774 2023-12-31 14593774 c:Director1 2023-01-06 2023-12-31 14593774 c:Director2 2023-01-06 2023-12-31 14593774 d:CurrentFinancialInstruments 2023-12-31 14593774 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14593774 d:ShareCapital 2023-01-06 2023-12-31 14593774 d:ShareCapital 2023-12-31 14593774 d:RetainedEarningsAccumulatedLosses 2023-01-06 2023-12-31 14593774 d:RetainedEarningsAccumulatedLosses 2023-12-31 14593774 c:FRS102 2023-01-06 2023-12-31 14593774 c:AuditExempt-NoAccountantsReport 2023-01-06 2023-12-31 14593774 c:FullAccounts 2023-01-06 2023-12-31 14593774 c:PrivateLimitedCompanyLtd 2023-01-06 2023-12-31 14593774 6 2023-01-06 2023-12-31 14593774 e:PoundSterling 2023-01-06 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 14593774






MERLIN PROPERTY SOUTH EAST LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023










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MERLIN PROPERTY SOUTH EAST LTD
REGISTERED NUMBER:14593774

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Investments
 5 
4,793,363

  
4,793,363

  

Creditors: amounts falling due within one year
 6 
(26,265)

Net current (liabilities)/assets
  
 
 
(26,265)

Total assets less current liabilities
  
4,767,098

  

Net assets
  
4,767,098


Capital and reserves
  

Called up share capital 
  
3,009,999

Profit and loss account
  
1,757,099

  
4,767,098


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Krieger
................................................
L Krieger
Director
Director


Date: 18 September 2024

Page 1

 
MERLIN PROPERTY SOUTH EAST LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£



Profit for the period
-
1,757,099
1,757,099

Shares issued during the period
3,009,999
-
3,009,999


At 31 December 2023
3,009,999
1,757,099
4,767,098

Page 2

 
MERLIN PROPERTY SOUTH EAST LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Merlin Property South East Ltd is a private limited company, registered in England and Wales. It's
registered office is 32-38 East Street, Rochford, Essex SS4 1DB. The company was incorporated on 16 January 2023.
The principal activity of the company is that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. Taking into account a period exceeding twelve months from the date of approval of these financial statements, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 3

 
MERLIN PROPERTY SOUTH EAST LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 4

 
MERLIN PROPERTY SOUTH EAST LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 
No material judgements or key sources of estimation uncertainty have been identified.


4.


Employees




The average monthly number of employees, including directors, during the period was 2.


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
4,793,363



At 31 December 2023
4,793,363





6.


Creditors: Amounts falling due within one year

2023
£

Amounts owed to group undertakings
23,865

Accruals and deferred income
2,400

26,265


 
Page 5