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REGISTERED NUMBER: 07692039 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

MERRY VAYNE PROPERTIES LTD

MERRY VAYNE PROPERTIES LTD (REGISTERED NUMBER: 07692039)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERRY VAYNE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: V A Melkonian





REGISTERED OFFICE: C/o AKS Advisers
4th & 5th Floors
14-15 Lower Grosvenor Place
London
SW1W 0EX





REGISTERED NUMBER: 07692039 (England and Wales)





ACCOUNTANTS: AKS Advisers
Fourth & Fifth Floors
14-15 Lower Grosvenor Place
London
SW1W 0EX

MERRY VAYNE PROPERTIES LTD (REGISTERED NUMBER: 07692039)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 843 427
Investment property 5 258,434 258,434
259,277 258,861

CURRENT ASSETS
Debtors 6 4,752 3,287
Cash at bank and in hand 27,989 26,382
32,741 29,669
CREDITORS
Amounts falling due within one year 7 137,214 153,656
NET CURRENT LIABILITIES (104,473 ) (123,987 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,804

134,874

CREDITORS
Amounts falling due after more than one
year

8

49,067

53,727
NET ASSETS 105,737 81,147

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 105,717 81,127
105,737 81,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MERRY VAYNE PROPERTIES LTD (REGISTERED NUMBER: 07692039)

BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:





V A Melkonian - Director


MERRY VAYNE PROPERTIES LTD (REGISTERED NUMBER: 07692039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Merry Vayne Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment to property - 10% straight line
Fixture & Fittings - 25% straight line
Computer equipment - 25% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MERRY VAYNE PROPERTIES LTD (REGISTERED NUMBER: 07692039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company has made reasonable amount of profit during the year and continues to remain profitable till the reporting date.

At the time of approving the financial statements, the director has made an assessment and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 109,848
Additions 745
At 30 June 2024 110,593
DEPRECIATION
At 1 July 2023 109,421
Charge for year 329
At 30 June 2024 109,750
NET BOOK VALUE
At 30 June 2024 843
At 30 June 2023 427

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 258,434
NET BOOK VALUE
At 30 June 2024 258,434
At 30 June 2023 258,434

MERRY VAYNE PROPERTIES LTD (REGISTERED NUMBER: 07692039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 4,752 3,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,660 4,660
Taxation and social security 20,308 12,864
Other creditors 112,246 136,132
137,214 153,656

At the reporting date, the amount outstanding due to the director was £99,120 (2023: £120,908). The amount is unsecured, non-interest bearing, has no fixed terms of repayment and considered payable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 5,567 10,227
Other creditors 43,500 43,500
49,067 53,727

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Other loans 43,500 43,500

Loan is secured against Freehold property at 141 harvist road, London NW6 6HB by Fleet Mortgages Limited.

10. ULTIMATE CONTROLLING PARTY

The controlling party is V A Melkonian.