Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-31No description of principal activity12023-04-01falsefalse1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02153259 2023-04-01 2024-03-31 02153259 2022-04-01 2023-03-31 02153259 2024-03-31 02153259 2023-03-31 02153259 c:Director1 2023-04-01 2024-03-31 02153259 c:RegisteredOffice 2023-04-01 2024-03-31 02153259 d:FurnitureFittings 2023-04-01 2024-03-31 02153259 d:FurnitureFittings 2024-03-31 02153259 d:FurnitureFittings 2023-03-31 02153259 d:OfficeEquipment 2023-04-01 2024-03-31 02153259 d:OfficeEquipment 2024-03-31 02153259 d:OfficeEquipment 2023-03-31 02153259 d:CurrentFinancialInstruments 2024-03-31 02153259 d:CurrentFinancialInstruments 2023-03-31 02153259 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02153259 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02153259 d:ShareCapital 2024-03-31 02153259 d:ShareCapital 2023-03-31 02153259 d:RetainedEarningsAccumulatedLosses 2024-03-31 02153259 d:RetainedEarningsAccumulatedLosses 2023-03-31 02153259 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02153259 c:OrdinaryShareClass1 2024-03-31 02153259 c:OrdinaryShareClass1 2023-03-31 02153259 c:FRS102 2023-04-01 2024-03-31 02153259 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02153259 c:FullAccounts 2023-04-01 2024-03-31 02153259 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02153259 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02153259










MERBAN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




















 
MERBAN LIMITED
 
 
Company Information


Director
Mr B R C Fitzpatrick 




Registered number
02153259



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
MERBAN LIMITED
Registered number: 02153259

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1,500

  
-
1,500

Current assets
  

Cash at bank and in hand
  
62,574
66,222

  
62,574
66,222

Creditors: amounts falling due within one year
 5 
(6,497)
(2,517)

Net current assets
  
 
 
56,077
 
 
63,705

Total assets less current liabilities
  
56,077
65,205

  

Net assets
  
56,077
65,205


Capital and reserves
  

Called up share capital 
 6 
10,000
10,000

Profit and loss account
  
46,077
55,205

  
56,077
65,205


The director considers 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 director acknowledges his 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 and delivered 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 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 on 18 November 2024.


Mr B R C Fitzpatrick
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
MERBAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Merban Limited is a private company limited by share capital, incorporated in England and Wales, registration number 02153259. The address of the registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a basis other than that of a going concern since it is the Director's intention to liquidate the Company within the next 12 months.

 
2.3

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:

Equipment
-
25% straight line basis

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.

 
2.4

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.

Page 2

 
MERBAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
2.7

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

 
MERBAN LIMITED
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
1,500
102
1,602


Disposals
(1,500)
-
(1,500)



At 31 March 2024

-
102
102



Depreciation


At 1 April 2023
-
102
102



At 31 March 2024

-
102
102



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
1,500
-
1,500


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
117
117

Other creditors
3,500
-

Accruals and deferred income
2,880
2,400

6,497
2,517



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000


 
Page 4