Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302false2023-10-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11431330 2023-10-01 2024-09-30 11431330 2022-10-01 2023-09-30 11431330 2024-09-30 11431330 2023-09-30 11431330 c:Director1 2023-10-01 2024-09-30 11431330 d:PlantMachinery 2023-10-01 2024-09-30 11431330 d:PlantMachinery 2024-09-30 11431330 d:PlantMachinery 2023-09-30 11431330 d:LeaseholdInvestmentProperty 2023-10-01 2024-09-30 11431330 d:LeaseholdInvestmentProperty 2024-09-30 11431330 d:LeaseholdInvestmentProperty 2023-09-30 11431330 d:CurrentFinancialInstruments 2024-09-30 11431330 d:CurrentFinancialInstruments 2023-09-30 11431330 d:Non-currentFinancialInstruments 2024-09-30 11431330 d:Non-currentFinancialInstruments 2023-09-30 11431330 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 11431330 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11431330 d:ShareCapital 2024-09-30 11431330 d:ShareCapital 2023-09-30 11431330 d:RetainedEarningsAccumulatedLosses 2024-09-30 11431330 d:RetainedEarningsAccumulatedLosses 2023-09-30 11431330 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 11431330 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 11431330 c:OrdinaryShareClass1 2023-10-01 2024-09-30 11431330 c:OrdinaryShareClass1 2024-09-30 11431330 c:OrdinaryShareClass1 2023-09-30 11431330 c:FRS102 2023-10-01 2024-09-30 11431330 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11431330 c:FullAccounts 2023-10-01 2024-09-30 11431330 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11431330 2 2023-10-01 2024-09-30 11431330 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11431330









TOM MERCER LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
TOM MERCER LTD
REGISTERED NUMBER: 11431330

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
3,950
3,950

Investment property
 5 
4,987,612
4,986,127

  
4,991,562
4,990,077

CURRENT ASSETS
  

Debtors: amounts falling due after more than one year
 6 
902,912
350,000

Debtors: amounts falling due within one year
 6 
170,640
57,000

Cash at bank and in hand
 7 
311,012
523,853

  
1,384,564
930,853

Creditors: amounts falling due within one year
 8 
(394,990)
(110,262)

NET CURRENT ASSETS
  
 
 
989,574
 
 
820,591

TOTAL ASSETS LESS CURRENT LIABILITIES
  
5,981,136
5,810,668

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(1,359)
(988)

  
 
 
(1,359)
 
 
(988)

NET ASSETS
  
5,979,777
5,809,680


CAPITAL AND RESERVES
  

Called up share capital 
 10 
5,100,816
5,100,816

Profit and loss account
  
878,961
708,864

  
5,979,777
5,809,680


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
Page 1

 
TOM MERCER LTD
REGISTERED NUMBER: 11431330
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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: 




Mr T A Mercer
Director

Date: 10 December 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
TOM MERCER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

Tom Mercer Limited (11431330), is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Blakenhall Park, Bar Lane, Barton Under Needwood, Burton on Trent, Staffordshire, DE13 8AJ. 

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
TOM MERCER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

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.

 
2.6

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
TOM MERCER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
TOM MERCER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



Cost or valuation


At 1 October 2023
3,950



At 30 September 2024

3,950






Net book value



At 30 September 2024
3,950



At 30 September 2023
3,950

Page 6

 
TOM MERCER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


INVESTMENT PROPERTY


Long term leasehold investment property

£



Valuation


At 1 October 2023
4,986,127


Additions at cost
1,485



At 30 September 2024
4,987,612

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 7

 
TOM MERCER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


DEBTORS

2024
2023
£
£

Due after more than one year

Other debtors
902,912
350,000

902,912
350,000


2024
2023
£
£

Due within one year

Trade debtors
(7,419)
29,373

Other debtors
38,424
24,642

Prepayments and accrued income
139,635
2,985

170,640
57,000



7.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
311,012
523,853

311,012
523,853


Page 8

 
TOM MERCER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
25,000
22,000

Corporation tax
56,616
44,478

Other taxation and social security
4,512
-

Other creditors
263,000
-

Accruals and deferred income
45,862
43,784

394,990
110,262


Page 9

 
TOM MERCER LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


DEFERRED TAXATION




2024


£






At beginning of year
(988)


Charged to profit or loss
(371)



At end of year
(1,359)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,359)
(988)

(1,359)
(988)


10.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



5,100,816 (2023 - 5,100,816) A Ordinary shares of £1.00 each
5,100,816
5,100,816


 
Page 10