Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-313false2023-04-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09427406 2023-04-01 2024-03-31 09427406 2022-04-01 2023-03-31 09427406 2024-03-31 09427406 2023-03-31 09427406 c:Director2 2023-04-01 2024-03-31 09427406 d:OfficeEquipment 2023-04-01 2024-03-31 09427406 d:OfficeEquipment 2024-03-31 09427406 d:OfficeEquipment 2023-03-31 09427406 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09427406 d:CurrentFinancialInstruments 2024-03-31 09427406 d:CurrentFinancialInstruments 2023-03-31 09427406 d:Non-currentFinancialInstruments 2024-03-31 09427406 d:Non-currentFinancialInstruments 2023-03-31 09427406 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09427406 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09427406 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09427406 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09427406 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09427406 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09427406 d:ShareCapital 2024-03-31 09427406 d:ShareCapital 2023-03-31 09427406 d:RetainedEarningsAccumulatedLosses 2024-03-31 09427406 d:RetainedEarningsAccumulatedLosses 2023-03-31 09427406 c:FRS102 2023-04-01 2024-03-31 09427406 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09427406 c:FullAccounts 2023-04-01 2024-03-31 09427406 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09427406 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09427406










MERITON ASSOCIATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MERITON ASSOCIATES LIMITED
REGISTERED NUMBER: 09427406

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
733
1,491

  
733
1,491

Current assets
  

Debtors: amounts falling due within one year
 5 
23,400
10,500

Cash at bank and in hand
 6 
85,698
117,961

  
109,098
128,461

Creditors: amounts falling due within one year
 7 
(93,404)
(84,908)

Net current assets
  
 
 
15,694
 
 
43,553

Total assets less current liabilities
  
16,427
45,044

Creditors: amounts falling due after more than one year
 8 
(7,000)
(13,000)

  

Net assets
  
9,427
32,044


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
9,327
31,944

  
9,427
32,044


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 year 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 profit and loss account 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 on 24 July 2024.

Page 1

 
MERITON ASSOCIATES LIMITED
REGISTERED NUMBER: 09427406
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


C J Merritt
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MERITON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Meriton Associates Limited is a private company, limited by shares and registered in England.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
MERITON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MERITON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 5

 
MERITON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2023
11,965


Additions
279



At 31 March 2024

12,244



Depreciation


At 1 April 2023
10,473


Charge for the year on owned assets
1,038



At 31 March 2024

11,511



Net book value



At 31 March 2024
733



At 31 March 2023
1,491


5.


Debtors

2024
2023
£
£


Trade debtors
23,400
-

Prepayments and accrued income
-
10,500

23,400
10,500



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
85,698
117,961

85,698
117,961


Page 6

 
MERITON ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,000
6,000

Corporation tax
13,876
24,588

Other taxation and social security
13,600
11,785

Other creditors
58,879
41,484

Accruals and deferred income
1,049
1,051

93,404
84,908



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,000
13,000

7,000
13,000



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,000
6,000


6,000
6,000


Amounts falling due 2-5 years

Bank loans
7,000
13,000


7,000
13,000


13,000
19,000


 
Page 7