Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false2022-01-011true1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11732492 2022-01-01 2022-12-31 11732492 2021-01-01 2021-12-31 11732492 2022-12-31 11732492 2021-12-31 11732492 c:Director1 2022-01-01 2022-12-31 11732492 d:CurrentFinancialInstruments 2022-12-31 11732492 d:CurrentFinancialInstruments 2021-12-31 11732492 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11732492 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11732492 d:ShareCapital 2022-12-31 11732492 d:ShareCapital 2021-12-31 11732492 d:RetainedEarningsAccumulatedLosses 2022-12-31 11732492 d:RetainedEarningsAccumulatedLosses 2021-12-31 11732492 c:OrdinaryShareClass1 2022-01-01 2022-12-31 11732492 c:OrdinaryShareClass1 2022-12-31 11732492 c:OrdinaryShareClass1 2021-12-31 11732492 c:FRS102 2022-01-01 2022-12-31 11732492 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11732492 c:FullAccounts 2022-01-01 2022-12-31 11732492 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11732492 2 2022-01-01 2022-12-31 11732492 d:Associate1 2022-01-01 2022-12-31 11732492 d:Associate1 1 2022-01-01 2022-12-31 11732492 d:ShareCapitalOtherShareTypes 2022-12-31 11732492 d:ShareCapitalOtherShareTypes 2021-12-31 11732492 d:CostValuation 2022-12-31 11732492 d:CostValuation 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11732492














MERCY HOLDINGS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
MERCY HOLDINGS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
MERCY HOLDINGS LIMITED
REGISTERED NUMBER:11732492

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
764,656
764,656

  
764,656
764,656

Current assets
  

Cash at bank and in hand
 5 
6,936
10,166

  
6,936
10,166

Creditors: amounts falling due within one year
 6 
(786,478)
(785,253)

Net current liabilities
  
 
 
(779,542)
 
 
(775,087)

Total assets less current liabilities
  
(14,886)
(10,431)

  

Net liabilities
  
(14,886)
(10,431)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(14,887)
(10,432)

  
(14,886)
(10,431)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Z Bishti
Director

Date: 2 October 2023

The notes on pages 3 to 5 form part of these financial statements.
1

 
MERCY HOLDINGS LIMITED
REGISTERED NUMBER:11732492
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022


2

 
MERCY HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Mercy Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11732492. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
 
The principal activity of the company continued to be that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the director has confirmed that he will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On the basis, the director is satisfied that the financial statements should be prepared on a ongoing basis.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.5

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.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

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 and loans to related parties.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

3

 
MERCY HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2021 - 1).


4.


Fixed asset investments





Investment in associate
Unlisted investments
Total

£
£
£



Cost


At 1 January 2022
764,656
-
764,656


Transfer between classes
(90,000)
90,000
-



At 31 December 2022
674,656
90,000
764,656





Associate


The following was an associate of the company:


Name

Registered office

Principal activity

Class of shares

Holding

Global Hospitality & Events Ltd
United Kingdom
Holding company
Ordinary
50%

During the year, Neat Meat Burger Co Ltd allotted new shares leading to a reduction in Mercy Holdings Ltd’s significant influence; this event has resulted in a reclassification of investment class.


5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
6,936
10,166



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
2,712
-

Other creditors
781,318
780,153

Accruals
2,448
5,100

786,478
785,253


4

 
MERCY HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1


 
5