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Company Registration No. 09418043 (England and Wales)
MERCAUX LIMITED Unaudited accounts for the year ended 31 December 2024
MERCAUX LIMITED Unaudited accounts Contents
Page
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MERCAUX LIMITED Company Information for the year ended 31 December 2024
Directors
Olga KOTSUR Alexey PETROV Stepan Natalevich
Company Number
09418043 (England and Wales)
Registered Office
Mercaux Ltd Cupola House 15 Alfred Place London London WC1E 7EB England
Accountants
SCHOOLGATE ACCOUNTING SERVICES LIMITED The Old Town Hall 4 Queens Road Wimbledon London SW19 8YB
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MERCAUX LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,487 
226,250 
Investments
2,675 
2,675 
38,162 
228,925 
Current assets
Debtors
18,705 
300,171 
Cash at bank and in hand
29,278 
140,439 
47,983 
440,610 
Creditors: amounts falling due within one year
(601,566)
(191,309)
Net current (liabilities)/assets
(553,583)
249,301 
Total assets less current liabilities
(515,421)
478,226 
Creditors: amounts falling due after more than one year
(6,608,817)
(6,057,813)
Net liabilities
(7,124,238)
(5,579,587)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,124,338)
(5,579,687)
Shareholders' funds
(7,124,238)
(5,579,587)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by
Stepan Natalevich Director Company Registration No. 09418043
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MERCAUX LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MERCAUX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09418043. The registered office is Mercaux Ltd, Cupola House, 15 Alfred Place, London, London, WC1E 7EB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33 % straight line
Investments
Investments in shares are included at fair value.
Going concern
The Company is dependent upon the continuing financial support of its parent company Mercaux, Inc. without which there would be significant doubt about its ability to continue as a going concern as well as its ability to realise its assets and discharge its liabilities in the ordinary course of business. Mercaux, Inc. has indicated its intention to continue providing such financial assistance to the Company to enable it to continue as a going concern and to meet its obligations as they fall due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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MERCAUX LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
315,455 
124,436 
439,891 
Additions
- 
3,198 
3,198 
Disposals
- 
(5,836)
(5,836)
At 31 December 2024
315,455 
121,798 
437,253 
Depreciation
At 1 January 2024
126,181 
87,460 
213,641 
Charge for the year
170,155 
21,242 
191,397 
On disposals
- 
(3,272)
(3,272)
At 31 December 2024
296,336 
105,430 
401,766 
Net book value
At 31 December 2024
19,119 
16,368 
35,487 
At 31 December 2023
189,274 
36,976 
226,250 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
2,675 
Valuation at 31 December 2024
2,675 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,864 
8,639 
Amounts due from group undertakings etc.
- 
244,682 
Accrued income and prepayments
3,675 
12,672 
Other debtors
11,166 
34,178 
18,705 
300,171 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1 
1,410 
Amounts owed to group undertakings and other participating interests
389,123 
3,735 
Taxes and social security
113,796 
172,590 
Other creditors
93,640 
- 
Accruals
5,006 
13,574 
601,566 
191,309 
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MERCAUX LIMITED Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
6,359,852 
5,904,707 
Other creditors
248,965 
153,106 
6,608,817 
6,057,813 
9
Transactions with related parties
During the financial year, the company received a total funding of £1,382,126 (2023: £2,808,793) from its parent company, Mercaux, Inc., and made total repayments amounting to £926,981 (2023: £2,314,276). As of the year-end, the outstanding loan balance stood at £6,359,852 (2023: £5,904,707). No interest was accrued or charged on the loan during the reporting period.
10
Average number of employees
During the year the average number of employees was 10 (2023: 20).
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