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Unaudited Financial Statements for the Year Ended 30 June 2016 |
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Mealing Holdings Ltd |
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Unaudited Financial Statements for the Year Ended 30 June 2016 |
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for |
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Mealing Holdings Ltd |
Mealing Holdings Ltd (Registered number: 06614705) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Mealing Holdings Ltd |
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Company Information |
for the Year Ended 30 June 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Mealing Holdings Ltd (Registered number: 06614705) |
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Balance Sheet |
30 June 2016 |
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30.6.16 | 30.6.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account | 7 |
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SHAREHOLDERS' FUNDS |
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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. |
Mealing Holdings Ltd (Registered number: 06614705) |
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Balance Sheet - continued |
30 June 2016 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Mealing Holdings Ltd (Registered number: 06614705) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising |
from changes in market value is transferred to a revaluation reserve. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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Consolidation |
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. |
The company has therefore taken advantage of the exemption provided by Section 398 of the |
Companies Act 2006 not to prepare group accounts. |
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Work in progress |
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal |
level of activity. Provision is made for any foreseeable losses where appropriate. No element of |
profit is included in the valuation of work in progress. |
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Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the |
contractual arrangements entered into. An equity instrument is any contract that evidences a |
residual interest in the assets of the entity after deducting all of its financial liabilities. |
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Where the contractual obligations of financial instruments (including share capital) are equivalent to |
a similar debt instrument, those financial instruments are classed as financial liabilities. Financial |
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to |
financial liabilities are included in the profit and loss account. Finance costs are calculated so as to |
produce a constant rate of return on the outstanding liability. |
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Where the contractual terms of share capital do not have any terms meeting the definition of a |
financial liability then this is classed as an equity instrument. Dividends and distributions relating to |
equity instruments are debited direct to equity. |
Mealing Holdings Ltd (Registered number: 06614705) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2016 |
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2. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2015 |
and 30 June 2016 | 4,550 |
NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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3. | INVESTMENT PROPERTY |
Total |
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COST |
At 1 July 2015 |
and 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.16 | 30.6.15 |
£ | £ |
Other debtors | 487,703 | 355,203 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.16 | 30.6.15 |
£ | £ |
Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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Mealing Holdings Ltd (Registered number: 06614705) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2016 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
value: | £ | £ |
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Ordinary A | £0.50 |
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Ordinary B | £0.50 |
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9,100 | 9,100 |
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The company has allotted, called up and fully paid 9,100 Ordinary A Shares at £0.50 per share of a |
total of 20,000 authorised ordinary A shares on 9 September 2008. |
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The company has allotted, called up and fully paid 9,100 Ordinary B Shares at £0.50 per share of a |
total of 20,000 authorised ordinary B shares on 9 September 2008. |
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7. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 July 2015 |
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Profit for the year |
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Dividends | ( |
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At 30 June 2016 |
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8. | TRANSACTIONS WITH THE DIRECTORS |
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During the year the company made loans to Mr S Mealing totalling £100,000. As at the balance |
sheet date Mr S Mealing owed the company £100,000 and Mr G Penhey owed the company |
£280,000. Interest of 4% was charged on these loans during the year. |
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9. | RELATED PARTY DISCLOSURES |
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The company holds 50% of the share capital of H Mealing & Sons Limited. |
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As at 30 June 2016 £Nil (2015: £104,915) was owed to H Mealing & Sons Limited and was included |
in creditors. |
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During the year dividends of £102,400 (2015: £97,900) were paid to the directors. £72,400 (2015: |
£67,900) were paid to Mr G Penhey and £30,000 (2015: £30,,000) were paid to Mr S Mealing. |