Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Gokce Gizer Clover 12/03/2020 08 August 2024 Principal activity of the company during the financial year was of management consultancy activities and business strategy consultancy and coaching services. 12515487 2023-12-31 12515487 bus:Director1 2023-12-31 12515487 2022-12-31 12515487 core:CurrentFinancialInstruments 2023-12-31 12515487 core:CurrentFinancialInstruments 2022-12-31 12515487 core:ShareCapital 2023-12-31 12515487 core:ShareCapital 2022-12-31 12515487 core:RetainedEarningsAccumulatedLosses 2023-12-31 12515487 core:RetainedEarningsAccumulatedLosses 2022-12-31 12515487 core:ComputerEquipment 2022-12-31 12515487 core:ComputerEquipment 2023-12-31 12515487 core:CurrentFinancialInstruments 1 2023-12-31 12515487 core:CurrentFinancialInstruments 1 2022-12-31 12515487 2021-12-31 12515487 2023-01-01 2023-12-31 12515487 bus:FilletedAccounts 2023-01-01 2023-12-31 12515487 bus:SmallEntities 2023-01-01 2023-12-31 12515487 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12515487 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12515487 bus:Director1 2023-01-01 2023-12-31 12515487 core:ComputerEquipment core:BottomRangeValue 2023-01-01 2023-12-31 12515487 core:ComputerEquipment core:TopRangeValue 2023-01-01 2023-12-31 12515487 2022-01-01 2022-12-31 12515487 core:ComputerEquipment 2023-01-01 2023-12-31 12515487 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 12515487 (England and Wales)

MERCURY CHANGE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

MERCURY CHANGE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

MERCURY CHANGE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
MERCURY CHANGE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR Gokce Gizer Clover
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 12515487 (England and Wales)
MERCURY CHANGE LIMITED

BALANCE SHEET

As at 31 December 2023
MERCURY CHANGE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,696 0
1,696 0
Current assets
Debtors 4 7,024 25,874
Cash at bank and in hand 102,826 30,343
109,850 56,217
Creditors: amounts falling due within one year 5 ( 88,780) ( 12,500)
Net current assets 21,070 43,717
Total assets less current liabilities 22,766 43,717
Net assets 22,766 43,717
Capital and reserves
Called-up share capital 100 100
Profit and loss account 22,666 43,617
Total shareholder's funds 22,766 43,717

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Mercury Change Limited (registered number: 12515487) were approved and authorised for issue by the Director on 08 August 2024. They were signed on its behalf by:

Gokce Gizer Clover
Director
MERCURY CHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
MERCURY CHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mercury Change Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised in the period in which the services are provided.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 0 - 3 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Average number of employees during the year was 1 1

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 January 2023 0 0
Additions 2,309 2,309
At 31 December 2023 2,309 2,309
Accumulated depreciation
At 01 January 2023 0 0
Charge for the financial year 613 613
At 31 December 2023 613 613
Net book value
At 31 December 2023 1,696 1,696
At 31 December 2022 0 0

4. Debtors

2023 2022
£ £
Trade debtors 0 16,319
Amounts owed by director (note 7) 4,881 9,555
Corporation tax 2,143 0
7,024 25,874

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 226
Accruals 4,450 0
Deferred tax liability 412 0
Taxation and social security 5,096 12,273
Other creditors 78,822 1
88,780 12,500

Included within Other creditors is an investment of £78,670 from the director. The rate of interest charged is 0% and repayable on demand. At the balance sheet date, the loan was still outstanding.

6. Deferred tax

2023 2022
£ £
At the beginning of financial year 0 0
Charged to the Profit and Loss Account ( 412) 0
At the end of financial year ( 412) 0

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Director's loan account 4,881 9,555
Loan to the company (78,670) 0

During the year, £14,650 was advanced to the director and £19,324 was repaid to the company.