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REGISTERED NUMBER: 14188155 (England and Wales)














MERLIN PTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MERLIN PTY LIMITED (REGISTERED NUMBER: 14188155)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERLIN PTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A I Brown
D J Brown





REGISTERED OFFICE: Glenewes House
Gate Way Drive
Yeadon
Leeds
West Yorkshire
LS19 7XY





REGISTERED NUMBER: 14188155 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

MERLIN PTY LIMITED (REGISTERED NUMBER: 14188155)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,818 1,397
Investments 5 530,881 560,984
Investment property 6 448,832 457,608
981,531 1,019,989

CURRENT ASSETS
Debtors 7 136 605
Cash at bank and in hand 73,400 9,485
73,536 10,090
CREDITORS
Amounts falling due within one year 8 926,809 1,024,660
NET CURRENT LIABILITIES (853,273 ) (1,014,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,258

5,419

PROVISIONS FOR LIABILITIES 29,762 2,121
NET ASSETS 98,496 3,298

CAPITAL AND RESERVES
Called up share capital 4 4
Other reserves 89,210 5,722
Retained earnings 9,282 (2,428 )
SHAREHOLDERS' FUNDS 98,496 3,298

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MERLIN PTY LIMITED (REGISTERED NUMBER: 14188155)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 15 February 2025 and were signed on its behalf by:





A I Brown - Director


MERLIN PTY LIMITED (REGISTERED NUMBER: 14188155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Merlin PTY 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.

Turnover
Turnover represents the value of rents receivable in the accounting period. Where payments are received from customers in advance, the amounts are recorded as ‘Deferred income’ and included as part of ‘Creditors due within one year’.

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 - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at the transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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 balance sheet date.


MERLIN PTY LIMITED (REGISTERED NUMBER: 14188155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 July 2023 1,560
Additions 1,061
At 30 June 2024 2,621
DEPRECIATION
At 1 July 2023 163
Charge for year 640
At 30 June 2024 803
NET BOOK VALUE
At 30 June 2024 1,818
At 30 June 2023 1,397

5. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 50,000 510,984 560,984
Additions - 154,271 154,271
Disposals - (304,467 ) (304,467 )
Revaluations - 120,093 120,093
At 30 June 2024 50,000 480,881 530,881
NET BOOK VALUE
At 30 June 2024 50,000 480,881 530,881
At 30 June 2023 50,000 510,984 560,984

MERLIN PTY LIMITED (REGISTERED NUMBER: 14188155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2024 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2023 - 7,630 7,630
Valuation in 2024 - 120,093 120,093
Cost 50,000 353,158 403,158
50,000 480,881 530,881

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 457,608
Revaluations (8,776 )
At 30 June 2024 448,832
NET BOOK VALUE
At 30 June 2024 448,832
At 30 June 2023 457,608

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 (8,776 )
Cost 457,608
448,832

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 136 605

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,770 -
Other creditors 925,039 1,024,660
926,809 1,024,660