Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activity2022-11-01false11 09838937 2022-11-01 2023-10-31 09838937 2021-11-01 2022-10-31 09838937 2023-10-31 09838937 2022-10-31 09838937 c:Director2 2022-11-01 2023-10-31 09838937 d:CurrentFinancialInstruments 2023-10-31 09838937 d:CurrentFinancialInstruments 2022-10-31 09838937 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09838937 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09838937 d:ShareCapital 2023-10-31 09838937 d:ShareCapital 2022-10-31 09838937 d:SharePremium 2023-10-31 09838937 d:SharePremium 2022-10-31 09838937 d:CapitalRedemptionReserve 2023-10-31 09838937 d:CapitalRedemptionReserve 2022-10-31 09838937 d:RetainedEarningsAccumulatedLosses 2023-10-31 09838937 d:RetainedEarningsAccumulatedLosses 2022-10-31 09838937 c:FRS102 2022-11-01 2023-10-31 09838937 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09838937 c:FullAccounts 2022-11-01 2023-10-31 09838937 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09838937 6 2022-11-01 2023-10-31 09838937 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 09838937









MERCHANTS ONLY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
MERCHANTS ONLY LIMITED
REGISTERED NUMBER: 09838937

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
10
10

Current assets
  

Debtors: amounts falling due within one year
 5 
170,777
178,975

Cash at bank and in hand
  
1,568
1,568

  
172,345
180,543

Creditors: amounts falling due within one year
 6 
(22,683)
(29,159)

Net current assets
  
 
 
149,662
 
 
151,384

Total assets less current liabilities
  
149,672
151,394

  

Net assets
  
149,672
151,394


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
149,700
149,700

Capital redemption reserve
  
900
900

Profit and loss account
  
(1,028)
694

  
149,672
151,394


Page 1

 
MERCHANTS ONLY LIMITED
REGISTERED NUMBER: 09838937
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider 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 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 statement of income and retained earnings 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 on 29 July 2024.




H Carter
Director

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

Page 2

 
MERCHANTS ONLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Merchants Only Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 3

 
MERCHANTS ONLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2022
10



At 31 October 2023
10





5.


Debtors

2023
2022
£
£


Other debtors
158,740
166,938

Prepayments and accrued income
12,037
12,037

170,777
178,975


Page 4

 
MERCHANTS ONLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,825
3,443

Corporation tax
-
811

Other creditors
14,522
22,569

Accruals and deferred income
2,336
2,336

22,683
29,159


 
Page 5