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Company Registration No. 04697325 (England and Wales)
Meera Beers U.K. Ltd Unaudited accounts for the year ended 31 March 2024
Meera Beers U.K. Ltd Unaudited accounts Contents
Page
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Meera Beers U.K. Ltd Company Information for the year ended 31 March 2024
Directors
Mr C A Cleary Mr R E Hogsflesh
Company Number
04697325 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
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Meera Beers U.K. Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
254,027 
54 
Investments
236,410 
156,933 
490,437 
156,987 
Current assets
Debtors
290,465 
423,887 
Cash at bank and in hand
22,684 
84,855 
313,149 
508,742 
Creditors: amounts falling due within one year
(498,256)
(461,373)
Net current (liabilities)/assets
(185,107)
47,369 
Total assets less current liabilities
305,330 
204,356 
Creditors: amounts falling due after more than one year
(60,826)
- 
Net assets
244,504 
204,356 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
- 
(117,293)
Profit and loss account
244,404 
321,549 
Shareholders' funds
244,504 
204,356 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
Mr C A Cleary Director Company Registration No. 04697325
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Meera Beers U.K. Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Meera Beers U.K. Ltd is a private company, limited by shares, registered in England and Wales, registration number 04697325. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
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 and rounded to the nearest £1 sterling.
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:
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
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Tax is recognised in the statement of income and retained earnings, 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 or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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.
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Meera Beers U.K. Ltd Notes to the Accounts for the year ended 31 March 2024
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
Investments
Investments in associates and other companies are included at fair value
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
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 non-puttable ordinary shares. Investments in non-derivative instruments that are equity to the issuer are measured: - at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably; - at cost less impairment for all other investments. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings
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:
Fixtures & fittings
25% WDV
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
512 
512 
Additions
254,027 
- 
254,027 
Disposals
- 
(512)
(512)
At 31 March 2024
254,027 
- 
254,027 
Depreciation
At 1 April 2023
- 
458 
458 
On disposals
- 
(458)
(458)
At 31 March 2024
- 
- 
- 
Net book value
At 31 March 2024
254,027 
- 
254,027 
At 31 March 2023
- 
54 
54 
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Meera Beers U.K. Ltd Notes to the Accounts for the year ended 31 March 2024
5
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 April 2023
65,955 
90,978 
156,933 
Additions
- 
145,432 
145,432 
Disposals
(65,955)
- 
(65,955)
Valuation at 31 March 2024
- 
236,410 
236,410 
During the year, the sale of some of the shares held in a subsidiary company occurred, resulting in the the remaining investment being in an associate company.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
119,330 
- 
Accrued income and prepayments
18,618 
18,727 
Other debtors
152,517 
405,160 
290,465 
423,887 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
516 
659 
Taxes and social security
4,635 
12,767 
Other creditors
41,756 
41,757 
Loans from directors
411,006 
402,690 
Accruals
1,620 
3,500 
Deferred income
38,723 
- 
498,256 
461,373 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Deferred income
60,826 
- 
9
Transactions with related parties
The value of loans to related parties at the year end was £151,450 (2023: £151,450). These loans are repayable upon demand. During the year, one of the directors advanced £8,316 to the company. At the year end, the total amounts loaned by the directors to the company totaled £411,006 (£2023: £402,690) During the year the company provided services amounting to £nil to one of the associated companies (2023: £7,606)
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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