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Registered number: 03798048

Merc Investment Limited

ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2023

Prepared By:
CG Accounting Limited
1 Glebe Road
Welwyn
Hertfordshire
AL6 9PB

Merc Investment Limited

ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2023
DIRECTORS
J Alavi
S Alavi
SECRETARY
S Alavi
REGISTERED OFFICE
Unit 2 Royal London Estate
29-35 North Acton Road
London
NW10 6PE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03798048
ACCOUNTANTS
CG Accounting Limited
1 Glebe Road
Welwyn
Hertfordshire
AL6 9PB

Merc Investment Limited

ACCOUNTS
FOR THEYEARENDED30 JUNE 2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Merc Investment Limited

BALANCE SHEET AT 30 June 2023
20232022
Notes££
FIXED ASSETS
Tangible assets36,002,3896,003,185
CURRENT ASSETS
Debtors5494,208353,212
Cash at bank and in hand55,80437,805
550,012391,017
CREDITORS: Amounts falling due within one year6805,136759,888
NET CURRENT LIABILITIES(255,124)(368,871)
TOTAL ASSETS LESS CURRENT LIABILITIES5,747,2655,634,314
PROVISIONS FOR LIABILITIES AND CHARGES7920,000920,000
NET ASSETS4,827,2654,714,314
CAPITAL AND RESERVES
Called up share capital8100100
Other reserves92,080,0002,080,000
Profit and loss account2,747,1652,634,214
SHAREHOLDERS' FUNDS4,827,2654,714,314
For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18 November 2023 and signed on their behalf by
.............................
J Alavi
Director

Merc Investment Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The principal accounting policies adopted in the preparation of the financial statements are set our below and have remained unchanged from the previous year, and aslo have been consistently applied within the same account.
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The presentation currency is £ sterling.
1b. Depreciation
Tangible fixed assets are shown at cost less depreciation and impairment.
Depreciation has been computed to writeoff the cost of the tangible fixed assets over their expected useful lives as follows:
Land and Buildings - Not provided
Plant And Machineryreducing balance25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Deferred Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
1e. Compliance With Accounting Standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small enitites. There were no material departures from that standard.
1f. Statutory Information
Merc Investment Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03798048. The regsitered office is Unit 2 Royal London Estate, 29-35 North Acton Road, London NW10 6PE.

Merc Investment Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 1 July 202218,11418,114
At 30 June 202318,11418,114
Depreciation
At 1 July 202214,92914,929
For the year796796
At 30 June 202315,72515,725
Net Book Amounts
At 30 June 20232,3892,389
At 30 June 20223,1853,185
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 July 20226,000,0006,000,000
At 30 June 20236,000,0006,000,000
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors37,20616,292
PAYE control-226
Other debtors-42
Amounts due from group companies455,695334,742
Prepayments1,3071,910
494,208353,212

Merc Investment Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax37,60125,959
PAYE control239-
Salaries and wages control1,619-
Payments received on account31,47612,642
Trade creditors193700
Other creditors676,402684,668
Accruals57,60635,919
805,136759,888
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation920,000920,000
920,000920,000
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. OTHER RESERVES 20232022
££
2,080,0002,080,000
2,080,0002,080,000
10. RELATED PARTY TRANSACTIONS
Included in other debtors is a loan due from Merc Clothing Limited totalling £455,695 (2022: £334,742). J Alavi is a director of Merc Clothing Limited.