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REGISTERED NUMBER: SC470311 (Scotland)










Unaudited Financial Statements

for the Year Ended

28 February 2023

for

MERCHANT CAPITAL LIMITED

MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: SC470311)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERCHANT CAPITAL LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J Tullis





REGISTERED OFFICE: 10 Craigmillar Park
Edinburgh
EH16 5NE





REGISTERED NUMBER: SC470311 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: SC470311)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 3 3

CURRENT ASSETS
Debtors 5 1,163,903 1,163,903
Cash at bank and in hand 74,508 39,110
1,238,411 1,203,013
CREDITORS
Amounts falling due within one year 6 (1,261,727 ) (1,226,227 )
NET CURRENT LIABILITIES (23,316 ) (23,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,313

)

(23,211

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (23,314 ) (23,212 )
SHAREHOLDERS' FUNDS (23,313 ) (23,211 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: SC470311)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





J Tullis - Director


MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: SC470311)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Merchant Capital Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

MERCHANT CAPITAL LIMITED (REGISTERED NUMBER: SC470311)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 3
NET BOOK VALUE
At 28 February 2023 3
At 28 February 2022 3

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 274,384 274,384
Other debtors 889,519 889,519
1,163,903 1,163,903

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 64,815 64,815
Other creditors 1,196,912 1,161,412
1,261,727 1,226,227