Company registration number 04064073 (England and Wales)
MERLIN RESEARCH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
MERLIN RESEARCH LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MERLIN RESEARCH LIMITED (REGISTERED NUMBER: 04064073)
BALANCE SHEET
AS AT 28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
330,913
330,913
Current assets
Debtors
4
684
-
0
Cash at bank and in hand
100,355
106,180
101,039
106,180
Creditors: amounts falling due within one year
5
(328,940)
(330,964)
Net current liabilities
(227,901)
(224,784)
Net assets
103,012
106,129
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
103,011
106,128
Total equity
103,012
106,129

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 11 November 2023 and are signed on its behalf by:
Mr M T Safey
Director
MERLIN RESEARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

Merlin Research Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sigma House, Oldfield Road, Bromley, Kent, BR1 2LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Straight line
Fixtures and fittings
Straight line
1.4
Taxation

The tax expense represents the sum of the tax currently payable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
MERLIN RESEARCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 March 2022 and 28 February 2023
384,785
2,114
386,899
Depreciation and impairment
At 1 March 2022 and 28 February 2023
53,872
2,114
55,986
Carrying amount
At 28 February 2023
330,913
-
0
330,913
At 28 February 2022
330,913
-
0
330,913
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
684
-
0
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
-
0
2,384
Other creditors
328,940
328,580
328,940
330,964
2023-02-282022-03-01false11 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr M T SafeyS BarnesS Barnsfalse040640732022-03-012023-02-28040640732023-02-28040640732022-02-2804064073core:LandBuildings2023-02-2804064073core:OtherPropertyPlantEquipment2023-02-2804064073core:LandBuildings2022-02-2804064073core:OtherPropertyPlantEquipment2022-02-2804064073core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2804064073core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-2804064073core:CurrentFinancialInstruments2023-02-2804064073core:CurrentFinancialInstruments2022-02-2804064073core:ShareCapital2023-02-2804064073core:ShareCapital2022-02-2804064073core:RetainedEarningsAccumulatedLosses2023-02-2804064073core:RetainedEarningsAccumulatedLosses2022-02-2804064073bus:Director12022-03-012023-02-2804064073core:LandBuildingscore:OwnedOrFreeholdAssets2022-03-012023-02-2804064073core:FurnitureFittings2022-03-012023-02-28040640732021-03-012022-02-2804064073core:LandBuildings2022-02-2804064073core:OtherPropertyPlantEquipment2022-02-28040640732022-02-2804064073core:WithinOneYear2023-02-2804064073core:WithinOneYear2022-02-2804064073bus:PrivateLimitedCompanyLtd2022-03-012023-02-2804064073bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-2804064073bus:FRS1022022-03-012023-02-2804064073bus:AuditExemptWithAccountantsReport2022-03-012023-02-2804064073bus:Director22022-03-012023-02-2804064073bus:CompanySecretary12022-03-012023-02-2804064073bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP