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Company Registration No. 07586716 (England and Wales)
Merrydale Properties Ltd. Unaudited accounts for the year ended 30 April 2024
Merrydale Properties Ltd. Unaudited accounts Contents
Page
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Merrydale Properties Ltd. Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,707 
4,361 
Investment property
900,000 
900,000 
903,707 
904,361 
Current assets
Debtors
53,553 
- 
Cash at bank and in hand
4,580 
12,064 
58,133 
12,064 
Creditors: amounts falling due within one year
(263,260)
(226,260)
Net current liabilities
(205,127)
(214,196)
Total assets less current liabilities
698,580 
690,165 
Provisions for liabilities
Deferred tax
(116,091)
(116,091)
Net assets
582,489 
574,074 
Capital and reserves
Called up share capital
101 
101 
Profit and loss account
582,388 
573,973 
Shareholders' funds
582,489 
574,074 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2024 and were signed on its behalf by
Stuart Crowther Director Company Registration No. 07586716
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Merrydale Properties Ltd. Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Merrydale Properties Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07586716. The registered office is Bath Works Spa Lane, Linthwaite, Huddersfield, HD7 5QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in pounds sterling.
Turnover
Turnover is measured at the fair value of rents receivable in the period.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Merrydale Properties Ltd. Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
17,542 
At 30 April 2024
17,542 
Depreciation
At 1 May 2023
13,181 
Charge for the year
654 
At 30 April 2024
13,835 
Net book value
At 30 April 2024
3,707 
At 30 April 2023
4,361 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
900,000 
At 30 April 2024
900,000 
Investment property comprises properties held by the company for rental income purposes. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
53,553 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,127 
4,318 
Other creditors
261,133 
221,942 
263,260 
226,260 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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