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REGISTERED NUMBER: OC421422 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MERCATUM LLP

MERCATUM LLP (REGISTERED NUMBER: OC421422)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


MERCATUM LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DESIGNATED MEMBERS: Henley Food And Drink Ltd
J M Preston Limited





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: OC421422 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

MERCATUM LLP (REGISTERED NUMBER: OC421422)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31ST MARCH 2024

The members present their report with the financial statements of the LLP for the year ended 31st March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of the sale of food products.

DESIGNATED MEMBERS
The designated members during the year under review were:

Henley Food And Drink Ltd
J M Preston Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £40,294 (2023 - £68,824 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Henley Food And Drink Ltd - Designated member


23rd August 2024

MERCATUM LLP (REGISTERED NUMBER: OC421422)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024

31.3.24 31.3.23
£ £

TURNOVER 526,154 719,513

Cost of sales 481,304 646,637
GROSS PROFIT 44,850 72,876

Administrative expenses 4,556 4,052
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




40,294




68,824

MERCATUM LLP (REGISTERED NUMBER: OC421422)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £
CURRENT ASSETS
Debtors 4 57,127 68,452
Cash at bank 11,281 45,229
68,408 113,681
CREDITORS
Amounts falling due within one year 5 17,190 44,757
NET CURRENT ASSETS 51,218 68,924
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

51,218

68,924

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

51,218

68,924

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 51,218 68,924

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23rd August 2024 and were signed by:




Henley Food And Drink Ltd - Designated member




J M Preston Limited - Designated member


MERCATUM LLP (REGISTERED NUMBER: OC421422)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Mercatum LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Turnover represents net invoiced sales of services rendered, excluding value added tax.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 56,678 68,452
VAT 449 -
57,127 68,452

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade creditors 16,190 43,757
Accrued expenses 1,000 1,000
17,190 44,757

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the loans and other debts due to members have no preferential rights over creditors.