Paul Merlin Associates Limited 05676057 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of residential property letting. On 3 May 2011 the company transferred its assets and trade to Paul Merlin LLP, a limited liability partnership in which the company is a member. Digita Accounts Production Advanced 6.30.9574.0 true true 05676057 2023-01-01 2023-12-31 05676057 2023-12-31 05676057 2 2023-12-31 05676057 core:CurrentFinancialInstruments 2023-12-31 05676057 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05676057 bus:SmallEntities 2023-01-01 2023-12-31 05676057 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05676057 bus:FullAccounts 2023-01-01 2023-12-31 05676057 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05676057 bus:RegisteredOffice 2023-01-01 2023-12-31 05676057 bus:Director3 2023-01-01 2023-12-31 05676057 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05676057 countries:EnglandWales 2023-01-01 2023-12-31 05676057 core:CostValuation 2022-12-31 05676057 2022-01-01 2022-12-31 05676057 2022-12-31 05676057 2 2022-12-31 05676057 core:CurrentFinancialInstruments 2022-12-31 05676057 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 05676057

Paul Merlin Associates Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Paul Merlin Associates Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Paul Merlin Associates Limited

(Registration number: 05676057)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,576,489

1,576,489

Current assets

 

Debtors

5

249,933

208,034

Creditors: Amounts falling due within one year

6

-

(8,632)

Net current assets

 

249,933

199,402

Net assets

 

1,826,422

1,775,891

Capital and reserves

 

Called up share capital

4

4

Retained earnings

1,826,418

1,775,887

Shareholders' funds

 

1,826,422

1,775,891

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 10 July 2024
 

.........................................
Mr R Collinge
Director

   
     
 

Paul Merlin Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the director on 10 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts report. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In the opinion of the directors there are no critical accounting judgements and key sources of estimation and uncertainty.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Paul Merlin Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Paul Merlin Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Investments

2023
£

2022
£

Other investments other than loans

1,576,489

1,576,489

Other investments other than loans

£

Cost

At 1 January 2023

1,576,489

Carrying amount

At 31 December 2023

1,576,489

At 31 December 2022

1,576,489

Unlisted investments comprise the company's capital contribution to Paul Merlin LLP, whose principal activity is that of residential property letting.

5

Debtors

Note

2023
£

2022
£

Other debtors

 

241,301

208,034

Income tax asset

8,632

-

 

249,933

208,034

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

8,632