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Unaudited Financial Statements for the Year Ended 30 June 2017 |
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Mealing Holdings Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2017 |
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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 2017 |
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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 2017 |
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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 |
30 Gay Street |
Bath |
BA1 2PA |
Mealing Holdings Ltd (Registered number: 06614705) |
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Balance Sheet |
30 June 2017 |
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30.6.17 | 30.6.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 | 8 |
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Retained earnings |
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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 |
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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 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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 2017 |
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1. | STATUTORY INFORMATION |
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Mealing Holdings Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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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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. |
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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. |
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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. |
Mealing Holdings Ltd (Registered number: 06614705) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 July 2016 |
and 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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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 2017 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2016 |
and 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Other debtors |
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Directors' current accounts | 380,000 | 380,000 |
Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Tax |
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Accruals and deferred income |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.17 | 30.6.16 |
value: | £ | £ |
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Ordinary A | £0.50 | 4,550 | 4,550 |
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Ordinary B | £0.50 | 4,550 | 4,550 |
9,100 | 9,100 |
Mealing Holdings Ltd (Registered number: 06614705) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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8. | CALLED UP SHARE CAPITAL - continued |
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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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9. | TRANSACTIONS WITH THE DIRECTORS |
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As at the balance sheet date Mr S Mealing owed the company £100,000 and Mr G Penhey owed the company |
£280,000. |
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10. | RELATED PARTY DISCLOSURES |
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The company holds 30% of the share capital of H Mealing & Sons Limited. |
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As at 30 June 2017 £Nil (2016: £Nil) was owed to H Mealing & Sons Limited. |
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During the year dividends of £199,165 (2016: £162,400) were paid to the directors. £109,165 (2016: £72,400) |
were paid to Mr G Penhey, £30,000 (2016: £30,000) were paid to Mr S Mealing, £30,000 (2016: £30,000) |
were paid to Mrs J Penhey and £30,000 (2016: £30,000) were paid to Mrs D Mealing.. |