Registered number: 03798048 | ||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||
Prepared By: | ||||||||
CG Accounting Limited | ||||||||
1 Glebe Road | ||||||||
Welwyn | ||||||||
Hertfordshire | ||||||||
AL6 9PB |
Merc Investment Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03798048 | ||||||||
ACCOUNTANTS | ||||||||
CG Accounting Limited | ||||||||
1 Glebe Road | ||||||||
Welwyn | ||||||||
Hertfordshire | ||||||||
AL6 9PB |
Merc Investment Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 JUNE 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
Merc Investment Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
696,798 | 550,012 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (255,124) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Other reserves | 9 | 2,080,000 | 2,080,000 | |||||||
Profit and loss account | 2,892,685 | 2,747,165 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Merc Investment Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
The principal accounting policies adopted in the preparation of the financial statements are set our below and have remained unchanged from the previous year, and aslo have been consistently applied within the same account. | ||||||||
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. | ||||||||
The presentation currency is £ sterling. |
1b. Depreciation | ||||||||
Depreciation has been computed to writeoff the cost of the tangible fixed assets over their expected useful lives as follows: | ||||||||
Land and Buildings - Not provided | ||||||||
Plant And Machinery | reducing balance25% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1d. Deferred Taxation | ||||||||
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. |
1e. Compliance With Accounting Standards | ||||||||
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small enitites. There were no material departures from that standard. |
1f. Statutory Information | ||||||||
Merc Investment Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03798048. The regsitered office is 15 Hanover Street, London, W1S 1YJ. |
Merc Investment Limited | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
3. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 1 July 2023 | 18,114 | 18,114 | ||
At 30 June 2024 | 18,114 | 18,114 | ||
Depreciation | ||||
At 1 July 2023 | 15,725 | 15,725 | ||
For the year | 597 | 597 | ||
At 30 June 2024 | 16,322 | 16,322 | ||
Net Book Amounts | ||||
At 30 June 2024 | 1,792 | |||
At 30 June 2023 | 2,389 | |||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 1 July 2023 | 6,000,000 | 6,000,000 | ||
At 30 June 2024 | 6,000,000 | 6,000,000 | ||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 41,190 | 37,206 | ||||||
Amounts due from group companies | 546,263 | 455,695 | ||||||
Prepayments | 1,244 | 1,307 | ||||||
588,697 | 494,208 | |||||||
Merc Investment Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 49,382 | 37,601 | ||||||
PAYE control | 242 | 239 | ||||||
Salaries and wages control | 1,643 | 1,619 | ||||||
Payments received on account | 31,476 | 31,476 | ||||||
Trade creditors | 54 | 193 | ||||||
Other creditors | 665,402 | 676,402 | ||||||
Accruals | 57,606 | 57,606 | ||||||
805,805 | 805,136 | |||||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 920,000 | 920,000 | ||||||
920,000 | 920,000 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. OTHER RESERVES | 2024 | 2023 | ||||
£ | £ | |||||
2,080,000 | 2,080,000 | |||||
2,080,000 | 2,080,000 | |||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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