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REGISTERED NUMBER: 14284511 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Mernaz Limited

Mernaz Limited (Registered number: 14284511)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mernaz Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Flood-Mallinson
N Morawetz





REGISTERED OFFICE: 10a Coxwell Street
Cirencester
Gloucestershire
GL7 2BH





REGISTERED NUMBER: 14284511 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Mernaz Limited (Registered number: 14284511)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 516,032 501,497

CURRENT ASSETS
Debtors 5 2,347 -
Cash at bank 68 8,965
2,415 8,965
CREDITORS
Amounts falling due within one year 6 408,318 468,798
NET CURRENT LIABILITIES (405,903 ) (459,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,129

41,664

CREDITORS
Amounts falling due after more than one
year

7

25,650

43,243
NET ASSETS/(LIABILITIES) 84,479 (1,579 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,379 (1,679 )
SHAREHOLDERS' FUNDS 84,479 (1,579 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Mernaz Limited (Registered number: 14284511)

Balance Sheet - continued
30 April 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 13 September 2024 and were signed on its behalf by:





J Flood-Mallinson - Director


Mernaz Limited (Registered number: 14284511)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mernaz 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Mernaz Limited (Registered number: 14284511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 May 2023 495,762 5,928 501,690
Additions 3,858 15,370 19,228
At 30 April 2024 499,620 21,298 520,918
DEPRECIATION
At 1 May 2023 - 193 193
Charge for year - 4,693 4,693
At 30 April 2024 - 4,886 4,886
NET BOOK VALUE
At 30 April 2024 499,620 16,412 516,032
At 30 April 2023 495,762 5,735 501,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,140 -
Other debtors 207 -
2,347 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1,143 -
Other creditors 407,175 468,798
408,318 468,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Amounts owed to group undertakings 25,650 43,243

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.