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REGISTERED NUMBER: 02366844 (England and Wales)















F.J. Merrill & Son Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






F.J. Merrill & Son Limited (Registered number: 02366844)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


F.J. Merrill & Son Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D J Merrill





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 18 Oakley Place
Southwark
London
SE1 5AD





REGISTERED NUMBER: 02366844 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

F.J. Merrill & Son Limited (Registered number: 02366844)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 746 12,166
Investment property 5 410,000 410,000
410,746 422,166

CURRENT ASSETS
Debtors 6 15,461 504
Cash at bank 7,548 25,918
23,009 26,422
CREDITORS
Amounts falling due within one year 7 70,811 56,199
NET CURRENT LIABILITIES (47,802 ) (29,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES 362,944 392,389

CREDITORS
Amounts falling due after more than one
year

8

(259,072

)

(273,722

)

PROVISIONS FOR LIABILITIES (142 ) (6,774 )
NET ASSETS 103,730 111,893

CAPITAL AND RESERVES
Called up share capital 150 150
Fair value reserve 24,024 24,024
Retained earnings 79,556 87,719
SHAREHOLDERS' FUNDS 103,730 111,893

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

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

F.J. Merrill & Son Limited (Registered number: 02366844)

Statement of Financial Position - continued
31 March 2024


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 11 October 2024 and were signed by:





D J Merrill - Director


F.J. Merrill & Son Limited (Registered number: 02366844)

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

1. STATUTORY INFORMATION

F.J. Merrill & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

F.J. Merrill & Son Limited (Registered number: 02366844)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 22,609
Disposals (14,708 )
At 31 March 2024 7,901
DEPRECIATION
At 1 April 2023 10,443
Charge for year 389
Eliminated on disposal (3,677 )
At 31 March 2024 7,155
NET BOOK VALUE
At 31 March 2024 746
At 31 March 2023 12,166

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 410,000
NET BOOK VALUE
At 31 March 2024 410,000
At 31 March 2023 410,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 410,000

Investment properties were valued by the directors at fair value on 31 March 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,403 504
Other debtors 58 -
15,461 504

F.J. Merrill & Son Limited (Registered number: 02366844)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 12,546 -
Taxation and social security 3,580 3,926
Other creditors 44,685 42,273
70,811 56,199

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,559 26,243
Other creditors 247,513 247,479
259,072 273,722

Amounts falling due in more than five years:

Repayable by instalments
Other loans 247,513 247,479

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 247,513 247,479

The loan is secured on the investment property.