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REGISTERED NUMBER: 03270609 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MERA PROPERTIES LIMITED

MERA PROPERTIES LIMITED (REGISTERED NUMBER: 03270609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MERA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Ms C Martinez-Lopez
F D Peters





SECRETARY: F D Peters





REGISTERED OFFICE: 232 Sladepool Farm Road
Birmingham
B14 5EE





REGISTERED NUMBER: 03270609 (England and Wales)





ACCOUNTANTS: Clive Shedd & Co
Chartered Accountants
232 Sladepool Farm Road
Birmingham
B14 5EE

MERA PROPERTIES LIMITED (REGISTERED NUMBER: 03270609)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,002,462 4,002,524

CURRENT ASSETS
Debtors 6 7,480 9,305
Cash at bank 27,897 43,470
35,377 52,775
CREDITORS
Amounts falling due within one year 7 1,722,645 1,741,600
NET CURRENT LIABILITIES (1,687,268 ) (1,688,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,315,194

2,313,699

CREDITORS
Amounts falling due after more than one
year

8

(1,169,541

)

(1,169,541

)

PROVISIONS FOR LIABILITIES (106,000 ) (106,000 )
NET ASSETS 1,039,653 1,038,158

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 786,747 786,747
Retained earnings 252,806 251,311
SHAREHOLDERS' FUNDS 1,039,653 1,038,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MERA PROPERTIES LIMITED (REGISTERED NUMBER: 03270609)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Ms C Martinez-Lopez - Director


MERA PROPERTIES LIMITED (REGISTERED NUMBER: 03270609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Mera Properties Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company's functional and presentation currency is the pound sterling, rounded to the nearest £.

Significant judgements and estimates
In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the year under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

The company's practice is to maintain its land and buildings in a state of repair and refurbishment such that the residual value is at least equal to its book value. Consequently a depreciation charge is considered to be immaterial.

Tangible fixed assets are initially recorded at cost.

Financial instruments
Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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

4. EMPLOYEES AND DIRECTORS

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

MERA PROPERTIES LIMITED (REGISTERED NUMBER: 03270609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 4,002,276 46,799 4,049,075
DEPRECIATION
At 1 November 2023 - 46,551 46,551
Charge for year - 62 62
At 31 October 2024 - 46,613 46,613
NET BOOK VALUE
At 31 October 2024 4,002,276 186 4,002,462
At 31 October 2023 4,002,276 248 4,002,524

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2007 1,500,000 - 1,500,000
Valuation in 2011 295,000 - 295,000
Cost 2,207,276 46,799 2,254,075
4,002,276 46,799 4,049,075

If land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,109,529 3,109,529

Land and buildings were valued on an open market basis on 31 October 2011 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 7,480 9,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,201 22,123
Taxation and social security 2,374 11,107
Other creditors 1,683,320 1,700,964
Accruals and deferred income 6,750 7,406
1,722,645 1,741,600

MERA PROPERTIES LIMITED (REGISTERED NUMBER: 03270609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage loans 1,169,541 1,169,541

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage loans 1,169,541 1,169,541

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage loans 1,169,541 1,169,541

Mortgage borrowings are secured by legal charges over the company's land and buildings.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 786,747