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REGISTERED NUMBER: 02843603 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

M.E.R.G. LIMITED

M.E.R.G. LIMITED (REGISTERED NUMBER: 02843603)






Contents of the Financial Statements
for the year ended 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.E.R.G. LIMITED

Company Information
for the year ended 30 SEPTEMBER 2024







DIRECTORS: M Ghile
A M Ghile





REGISTERED OFFICE: 155 Wellingborough Road
RUSHDEN
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 02843603 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

M.E.R.G. LIMITED (REGISTERED NUMBER: 02843603)

Balance Sheet
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,427,722 1,427,722

CURRENT ASSETS
Debtors 5 1,025 830
Cash at bank 113,131 128,563
114,156 129,393
CREDITORS
Amounts falling due within one year 6 124,338 134,825
NET CURRENT LIABILITIES (10,182 ) (5,432 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,417,540 1,422,290

CREDITORS
Amounts falling due after more than one
year

7

(45,669

)

(99,334

)

PROVISIONS FOR LIABILITIES (50,705 ) (50,705 )
NET ASSETS 1,321,166 1,272,251

CAPITAL AND RESERVES
Called up share capital 9 500 500
Fair value reserve 685,211 685,211
Retained earnings 635,455 586,540
SHAREHOLDERS' FUNDS 1,321,166 1,272,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M.E.R.G. LIMITED (REGISTERED NUMBER: 02843603)

Balance Sheet - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





M Ghile - Director


M.E.R.G. LIMITED (REGISTERED NUMBER: 02843603)

Notes to the Financial Statements
for the year ended 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

M.e.r.g. 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.

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.

Turnover
The company`s turnover represents the value of rental income received during the year.

Investment property
Investment properties are revalued annually at fair value and any surplus or deficit is recognised through the profit and loss account. No depreciation is provided in respect of investment properties.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,427,722
NET BOOK VALUE
At 30 September 2024 1,427,722
At 30 September 2023 1,427,722

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2022 (62,000 )
Valuation in 2021 69,000
Valuation in 2017 (15,000 )
Valuation in 2016 662,026
Cost 773,696
1,427,722

M.E.R.G. LIMITED (REGISTERED NUMBER: 02843603)

Notes to the Financial Statements - continued
for the year ended 30 SEPTEMBER 2024

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 778,703 778,703

Investment property was valued on a fair value basis on 30 September 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (40 ) 120
Other debtors 1,065 710
1,025 830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,667 4,000
Trade creditors 426 -
Taxation and social security 23,676 12,935
Other creditors 96,569 117,890
124,338 134,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 45,669 99,334

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 42,291 92,291

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 92,291

The bank loans are secured on the properties to which they relate.

M.E.R.G. LIMITED (REGISTERED NUMBER: 02843603)

Notes to the Financial Statements - continued
for the year ended 30 SEPTEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
450 "A" £1 450 450
50 "B" £1 50 50
500 500

.