Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsefalse32023-02-01No description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09996725 2023-02-01 2024-01-31 09996725 2022-02-01 2023-01-31 09996725 2024-01-31 09996725 2023-01-31 09996725 c:Director1 2023-02-01 2024-01-31 09996725 d:MotorVehicles 2023-02-01 2024-01-31 09996725 d:MotorVehicles 2024-01-31 09996725 d:MotorVehicles 2023-01-31 09996725 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09996725 d:FurnitureFittings 2023-02-01 2024-01-31 09996725 d:FurnitureFittings 2024-01-31 09996725 d:FurnitureFittings 2023-01-31 09996725 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09996725 d:OfficeEquipment 2023-02-01 2024-01-31 09996725 d:OfficeEquipment 2024-01-31 09996725 d:OfficeEquipment 2023-01-31 09996725 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09996725 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09996725 d:CurrentFinancialInstruments 2024-01-31 09996725 d:CurrentFinancialInstruments 2023-01-31 09996725 d:Non-currentFinancialInstruments 2024-01-31 09996725 d:Non-currentFinancialInstruments 2023-01-31 09996725 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09996725 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09996725 d:ShareCapital 2024-01-31 09996725 d:ShareCapital 2023-01-31 09996725 d:RetainedEarningsAccumulatedLosses 2024-01-31 09996725 d:RetainedEarningsAccumulatedLosses 2023-01-31 09996725 c:OrdinaryShareClass1 2023-02-01 2024-01-31 09996725 c:OrdinaryShareClass1 2024-01-31 09996725 c:OrdinaryShareClass1 2023-01-31 09996725 c:FRS102 2023-02-01 2024-01-31 09996725 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09996725 c:FullAccounts 2023-02-01 2024-01-31 09996725 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09996725 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 09996725 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 09996725 d:OtherDeferredTax 2024-01-31 09996725 d:OtherDeferredTax 2023-01-31 09996725 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09996725









MERLIN EAST ANGLIA LIMITED

FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024







































 
MERLIN EAST ANGLIA LIMITED
REGISTERED NUMBER: 09996725

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
24,412
32,550

  
24,412
32,550

Current assets
  

Stocks
 5 
2,849,219
1,559,666

Debtors: amounts falling due after more than one year
 6 
20,000
20,000

Debtors: amounts falling due within one year
 6 
15,998
19,214

Cash at bank and in hand
 7 
136,789
534,326

  
3,022,006
2,133,206

Creditors: amounts falling due within one year
 8 
(2,749,978)
(1,811,006)

Net current assets
  
 
 
272,028
 
 
322,200

Total assets less current liabilities
  
296,440
354,750

Provisions for liabilities
  

Deferred tax
 9 
-
(8,138)

  
 
 
-
 
 
(8,138)

Net assets
  
296,440
346,612

Page 1

 
MERLIN EAST ANGLIA LIMITED
REGISTERED NUMBER: 09996725
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
296,439
346,611

  
296,440
346,612


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R A C Palmer
Director

Date: 18 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MERLIN EAST ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Merlin East Anglia Limited is a private company limited by shares and is incorporated in England & Wales, registered number 09996725. The address of its registered office is Merlin House, Fred Dannatt Road, Mildenhall. The company's principal activity is the development of building projects.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents the value of legally completed sales during the period excluding value added tax.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line method and on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks and work in progress are valued at the lower of cost, including direct costs and attributable overheads, and net realisable value, being the estimated selling price less costs to complete and sell.

Page 3

 
MERLIN EAST ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
MERLIN EAST ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
MERLIN EAST ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2023
34,787
47,036
1,037
82,860



At 31 January 2024

34,787
47,036
1,037
82,860



Depreciation


At 1 February 2023
23,169
26,104
1,037
50,310


Charge for the year on owned assets
2,905
5,233
-
8,138



At 31 January 2024

26,074
31,337
1,037
58,448



Net book value



At 31 January 2024
8,713
15,699
-
24,412



At 31 January 2023
11,618
20,932
-
32,550


5.


Stocks

2024
2023
£
£

Work in progress
2,849,219
1,559,666


Page 6

 
MERLIN EAST ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
20,000
20,000


2024
2023
£
£

Due within one year

Other debtors
5,677
18,178

Prepayments and accrued income
1,735
1,036

Deferred taxation
8,586
-

15,998
19,214



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
136,789
534,326



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12,955
43,702

Corporation tax
-
6,869

Other taxation and social security
6,429
8,367

Other creditors
2,729,182
1,750,773

Accruals and deferred income
1,412
1,295

2,749,978
1,811,006


Page 7

 
MERLIN EAST ANGLIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


Deferred taxation




2024


£






At beginning of year
(8,138)


Charged to profit or loss
16,724



At end of year
8,586

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(6,103)
(8,138)

Other timing differences
14,689
-

8,586
(8,138)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) ordinary share of £1.00
1
1



11.


Related party transactions

Included in creditors is a balance of £2,729,182 (2023 - £1,690,773) due to a director. The balance is interest free and repayable on demand.

 
Page 8