Acorah Software Products - Accounts Production 15.0.500 false true false 30 November 2022 31 December 2023 31 December 2023 14515598 Mrs AYSE CETIN KOKSAL iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14515598 2022-11-29 14515598 2023-12-31 14515598 2022-11-30 2023-12-31 14515598 frs-core:CurrentFinancialInstruments 2023-12-31 14515598 frs-core:ShareCapital 2023-12-31 14515598 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14515598 frs-bus:PrivateLimitedCompanyLtd 2022-11-30 2023-12-31 14515598 frs-bus:FilletedAccounts 2022-11-30 2023-12-31 14515598 frs-bus:SmallEntities 2022-11-30 2023-12-31 14515598 frs-bus:AuditExempt-NoAccountantsReport 2022-11-30 2023-12-31 14515598 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-30 2023-12-31 14515598 frs-core:ListedExchangeTraded 2023-12-31 14515598 frs-core:ListedExchangeTraded 2022-11-29 14515598 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-11-29 14515598 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-12-31 14515598 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2023-12-31 14515598 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:ListedExchangeTraded 2023-12-31 14515598 frs-core:OtherIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2023-12-31 14515598 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 14515598 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-11-29 14515598 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 14515598 frs-bus:Director1 2022-11-30 2023-12-31 14515598 frs-countries:EnglandWales 2022-11-30 2023-12-31
Registered number: 14515598
Merks Investments Limited
Unaudited Financial Statements
For the Period 30 November 2022 to 31 December 2023
Porte Consulting Corporate Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14515598
31 December 2023
Notes £ £
FIXED ASSETS
Investments 4 1,815,905
1,815,905
CURRENT ASSETS
Debtors 5 84,865
Investments 6 8,985,946
Cash at bank and in hand 8,992
9,079,803
Creditors: Amounts Falling Due Within One Year 7 (61,812 )
NET CURRENT ASSETS (LIABILITIES) 9,017,991
TOTAL ASSETS LESS CURRENT LIABILITIES 10,833,896
NET ASSETS 10,833,896
CAPITAL AND RESERVES
Called up share capital 8 10,750,001
Profit and Loss Account 83,895
SHAREHOLDERS' FUNDS 10,833,896
Page 1
Page 2
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs AYSE CETIN KOKSAL
Director
22/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Merks Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14515598 . The registered office is 124 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Investments
Listed
£
Cost
As at 30 November 2022 -
Additions 2,588,998
Disposals (788,713 )
Fair value adjustments 40,144
Other (24,524 )
As at 31 December 2023 1,815,905
Provision
As at 30 November 2022 -
As at 31 December 2023 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 1,815,905
As at 30 November 2022 -
5. Debtors
31 December 2023
£
Due within one year
Prepayments and accrued income 84,865
84,865
6. Current Asset Investments
31 December 2023
£
Short term deposits 8,985,946
8,985,946
7. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Corporation tax 55,350
Accruals and deferred income 4,000
Director's loan account 1,102
Amounts owed to related parties 1,360
61,812
8. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 10,750,001
Page 4