Mere Green Head Office Services Limited 11930207 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of a head office support company. Digita Accounts Production Advanced 6.30.9574.0 true true 11930207 2023-05-01 2024-04-30 11930207 2024-04-30 11930207 core:RetainedEarningsAccumulatedLosses 2024-04-30 11930207 core:ShareCapital 2024-04-30 11930207 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11930207 core:BetweenTwoFiveYears 2024-04-30 11930207 core:WithinOneYear 2024-04-30 11930207 core:FurnitureFittingsToolsEquipment 2024-04-30 11930207 bus:SmallEntities 2023-05-01 2024-04-30 11930207 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11930207 bus:FilletedAccounts 2023-05-01 2024-04-30 11930207 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11930207 bus:RegisteredOffice 2023-05-01 2024-04-30 11930207 bus:Director1 2023-05-01 2024-04-30 11930207 bus:Director2 2023-05-01 2024-04-30 11930207 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11930207 bus:Agent1 2023-05-01 2024-04-30 11930207 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 11930207 countries:EnglandWales 2023-05-01 2024-04-30 11930207 2023-04-30 11930207 core:RetainedEarningsAccumulatedLosses 2023-04-30 11930207 core:ShareCapital 2023-04-30 11930207 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11930207 core:FurnitureFittingsToolsEquipment 2023-04-30 11930207 2022-05-01 2023-04-30 11930207 2023-04-30 11930207 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11930207 core:BetweenTwoFiveYears 2023-04-30 11930207 core:WithinOneYear 2023-04-30 11930207 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 11930207

Prepared for the registrar

Mere Green Head Office Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Mere Green Head Office Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Mere Green Head Office Services Limited

Company Information

Directors

K E Betts

K E Betts

Registered office

5 Deansway
Worcester
WR1 2JG

Solicitors

Harrison Clark Rickerbys
5 Deansway
Worcester
Worcestershire
WR1 2JG

Bankers

Santander UK PLC
1st Floor
5 Market Place
Derby
DE1 3PY

Accountants

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Mere Green Head Office Services Limited

(Registration number: 11930207)
Balance Sheet as at 30 April 2024

Note

2024
 £

2023
 £

Fixed assets

 

Tangible assets

4

2,159

2,098

Current assets

 

Debtors

5

22,062

32,310

Cash at bank and in hand

 

6,875

4,088

 

28,937

36,398

Creditors: Amounts falling due within one year

6

(31,557)

(38,957)

Net current liabilities

 

(2,620)

(2,559)

Net liabilities

 

(461)

(461)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(561)

(561)

Total equity

 

(461)

(461)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 


K E Betts
Director

 

Mere Green Head Office Services Limited

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

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Deansway
Worcester
WR1 2JG

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when
the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Mere Green Head Office Services Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

Mere Green Head Office Services Limited

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

Financial instruments (continued)

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was as follows:

 

Mere Green Head Office Services Limited

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

 

4

Tangible assets

Furniture, fittings and equipment
 £

Cost

At 1 May 2023

18,251

Additions

1,043

At 30 April 2024

19,294

Depreciation

At 1 May 2023

16,153

Charge for the year

982

At 30 April 2024

17,135

Carrying amount

At 30 April 2024

2,159

At 30 April 2023

2,098

 

5

Debtors

2024
 £

2023
 £

Trade debtors

-

1,925

Amounts owed by related parties

11,998

21,271

Other debtors

5,813

5,813

Prepayments

4,251

3,301

 

22,062

32,310

 

Mere Green Head Office Services Limited

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

 

6

Creditors

2024
 £

2023
 £

Due within one year

 

Trade creditors

 

2,132

1,787

Social security and other taxes

 

7,257

12,245

Outstanding defined contribution pension costs

 

1,592

1,449

Other creditors

 

14,585

18,058

Accrued expenses

 

5,991

5,418

 

31,557

38,957

 

7

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

13,950

13,950

Later than one year and not later than five years

48,825

20,925

62,775

34,875

 

8

Control

The company is controlled by K Betts.

 

9

Disclosure under Section 444(5B) CA 2006

As permitted by Section 444 CA 2006, these accounts do not contain a copy of the company’s Profit and Loss account or a copy of the Directors’ Report. These accounts are unaudited.