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Registered number: 14511777
Merindol Investment Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Company Information 1
Director's Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—9
Page 1
Company Information
Director D E Malan
Company Number 14511777
Registered Office Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ
Accountants Exceed Accountants Limited
Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 30 November 2023.
Principal Activity
The company's principal activity continues to be that of financial intermediation.
Incorporation
The company was incorporated on 29 November 2022.
Directors
The director who held office during the year were as follows:
D E Malan Appointed 29/11/2022
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
D E Malan
Director
29/11/2024
Page 2
Page 3
Accountants' Report
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 November 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
29/11/2024
Exceed Accountants Limited
Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ
Page 3
Page 4
Profit and Loss Account
2023
Notes £
Administrative expenses (300 )
OPERATING LOSS AND LOSS FOR THE FINANCIAL YEAR (300 )
The notes on pages 8 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2023
Notes £ £
CURRENT ASSETS
Debtors 4 24,908
Cash at bank and in hand 92
25,000
Creditors: Amounts Falling Due Within One Year 5 (25,200 )
NET CURRENT ASSETS (LIABILITIES) (200 )
TOTAL ASSETS LESS CURRENT LIABILITIES (200 )
NET LIABILITIES (200 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (300 )
SHAREHOLDERS' FUNDS (200)
Page 5
Page 6
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
D E Malan
Director
29/11/2024
The notes on pages 8 to 9 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 29 November 2022 - - -
Loss for the year and total comprehensive income - (300 ) (300)
Arising on shares issued during the period 100 - 100
As at 30 November 2023 100 (300 ) (200)
Page 7
Page 8
Notes to the Financial Statements
1. General Information
Merindol Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14511777 . The registered office is Ground Floor Marlborough House, 298 Regents Park Road, London, N3 2SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Debtors
2023
£
Due within one year
Amounts owed by group undertakings 24,908
5. Creditors: Amounts Falling Due Within One Year
2023
£
Other creditors 25,200
6. Share Capital
2023
Allotted, called up and fully paid £
10,000 Ordinary Shares of £ 0.01 each 100
Shares issued during the period: £
10,000 Ordinary Shares of £ 0.01 each 100
Page 8
Page 9
7. Related Party Transactions
At the year end the company owed by the inter-company Humanstate Limited an amount of £24,908. D E Malan is the director of both comapanies i.e Merindol Investment Limited and Humanstate Limited.
At the balance sheet date, included within creditors due within one year, is an amount of £25,200 owed to the directors. This loan is interest free, of no fixed term and repayable on demand.
8. Ultimate Controlling Party
The controlling party is the company directors.
9. Taxation
The company has carried forward losses of £300 which it can use against future taxable profit.
Page 9