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REGISTERED NUMBER: 10772566 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2022 to 29 November 2023

for

Merlin Homes (Southern) Limited

Merlin Homes (Southern) Limited (Registered number: 10772566)






Contents of the Financial Statements
for the Period 1 December 2022 to 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merlin Homes (Southern) Limited

Company Information
for the Period 1 December 2022 to 29 November 2023







DIRECTORS: A D Southcott
Miss K Miles





REGISTERED OFFICE: The Gables Calcot Mount Business Park, C
Curdridge
Southampton
Hampshire
SO32 2BN





REGISTERED NUMBER: 10772566 (England and Wales)





ACCOUNTANTS: Talbot Accounting Solutions LLP
Bartley Cottage
Ringwood Road
Bartley
Southampton
Hampshire
SO40 7LD

Merlin Homes (Southern) Limited (Registered number: 10772566)

Balance Sheet
29 November 2023

29.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,993 26,116

CURRENT ASSETS
Stocks 3,779,707 1,973,218
Debtors 5 979,943 325,451
Cash at bank 345,257 1,528
5,104,907 2,300,197
CREDITORS
Amounts falling due within one year 6 1,350,720 962,804
NET CURRENT ASSETS 3,754,187 1,337,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,875,180

1,363,509

CREDITORS
Amounts falling due after more than one
year

7

3,840,758

1,104,593
NET ASSETS 34,422 258,916

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,322 258,816
34,422 258,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Merlin Homes (Southern) Limited (Registered number: 10772566)

Balance Sheet - continued
29 November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





A D Southcott - Director


Merlin Homes (Southern) Limited (Registered number: 10772566)

Notes to the Financial Statements
for the Period 1 December 2022 to 29 November 2023

1. STATUTORY INFORMATION

Merlin Homes (Southern) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 1 (2022 - 1 ) .

Merlin Homes (Southern) Limited (Registered number: 10772566)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 29 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 28,490
Additions 136,000
At 29 November 2023 164,490
DEPRECIATION
At 1 December 2022 2,374
Charge for period 41,123
At 29 November 2023 43,497
NET BOOK VALUE
At 29 November 2023 120,993
At 30 November 2022 26,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 30.11.22
£    £   
Amounts owed by group undertakings 912,133 315,367
Other debtors 67,810 10,084
979,943 325,451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 30.11.22
£    £   
Bank loans and overdrafts - 874,244
Hire purchase contracts 11,351 -
Trade creditors 97,622 34,521
Taxation and social security 56,867 52,579
Other creditors 1,184,880 1,460
1,350,720 962,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.11.23 30.11.22
£    £   
Bank loans 3,759,030 1,104,593
Hire purchase contracts 81,728 -
3,840,758 1,104,593