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REGISTERED NUMBER: 01349222 (England and Wales)















Mercia Group Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Mercia Group Holdings Limited (Registered number: 01349222)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Mercia Group Holdings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: W A Holland





REGISTERED OFFICE: Unit K2 Dudley Central Trading Estate
Dudley
West Midlands
DY2 8QX





BUSINESS ADDRESS:
Unit K1 Dudley Central Trading Estate
Shaw Road
Dudley
West Midlands
DY2 8QX





REGISTERED NUMBER: 01349222 (England and Wales)





ACCOUNTANTS: JMC Accountants & Tax Advisers Ltd
76 High Street
Brierley Hill
West Midlands
DY5 3AW

Mercia Group Holdings Limited (Registered number: 01349222)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 641,089 530,172
Investments 5 100 101
641,189 530,273

CURRENT ASSETS
Debtors 6 32,729 133,378
Cash at bank 67,796 78,192
100,525 211,570
CREDITORS
Amounts falling due within one year 7 29,741 39,115
NET CURRENT ASSETS 70,784 172,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,973

702,728

CREDITORS
Amounts falling due after more than one
year

8

(61,756

)

(164,866

)

PROVISIONS FOR LIABILITIES (47,288 ) (32,332 )
NET ASSETS 602,929 505,530

Mercia Group Holdings Limited (Registered number: 01349222)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 301 301
Revaluation reserve 10 229,134 229,134
Capital redemption reserve (201,950 ) (201,950 )
Retained earnings 575,444 478,045
SHAREHOLDERS' FUNDS 602,929 505,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





W A Holland - Director


Mercia Group Holdings Limited (Registered number: 01349222)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Mercia Group Holdings Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2023 - NIL).

Mercia Group Holdings Limited (Registered number: 01349222)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 360,000 285,059 5,866 26,200 677,125
Additions - 3,527 - 3,500 7,027
Revaluations 140,000 - - - 140,000
At 31 May 2024 500,000 288,586 5,866 29,700 824,152
DEPRECIATION
At 1 June 2023 - 128,608 3,940 14,405 146,953
Charge for year - 31,997 289 3,824 36,110
At 31 May 2024 - 160,605 4,229 18,229 183,063
NET BOOK VALUE
At 31 May 2024 500,000 127,981 1,637 11,471 641,089
At 31 May 2023 360,000 156,451 1,926 11,795 530,172

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2014 229,134 - - - 229,134
Valuation in 2024 140,000 - - - 140,000
Cost 130,866 288,586 5,866 29,700 455,018
500,000 288,586 5,866 29,700 824,152

If Freehold Land and Property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 130,866 130,866

Value of land in freehold land and buildings 130,866 130,866

Freehold Land and Property were valued on an open market basis on 26 October 2016 by J N Dixon MRICS .

Mercia Group Holdings Limited (Registered number: 01349222)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

The valuation was considered by the director of the company in May 2024 and he is of the opinion that the value at this date was £500,000. This valuation was based on his local knowledge of similar properties in the area that the freehold property is located.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 June 2023 101
Disposals (1 )
At 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 8,645 68,546
Other debtors 24,084 64,832
32,729 133,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,120 16,877
Trade creditors 16,374 15,944
Taxation and social security 5,672 4,719
Other creditors 1,575 1,575
29,741 39,115

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 61,756 164,866

Mercia Group Holdings Limited (Registered number: 01349222)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 37,276 103,554

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 67,876 181,743

Lloyds Bank PLC hold a legal charge over the company Freehold Land and Property

10. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 229,134

11. OFF-BALANCE SHEET ARRANGEMENTS

The company owns all the ordinary share capital in Mercia Architectural Ltd. During this financial year, Mercia Architectural Ltd entered into a finance agreement with Lloyds bank PLC in respect of plant owned by the company. The amount outstanding on this finance agreement which is not included in the these financial statements was £39,458 (2023 - £55,242).

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
W A Holland
Balance outstanding at start of year 49,238 -
Amounts advanced 8,490 49,238
Amounts repaid (49,238 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,490 49,238

Loan is interest free and repayable on demand.