Company Registration No. 09418043 (England and Wales)
MERCAUX LIMITED
Unaudited accounts
for the year ended 31 December 2024
MERCAUX LIMITED
Unaudited accounts
Contents
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
MERCAUX LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
35,487
226,250
Cash at bank and in hand
29,278
140,439
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)
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
MERCAUX LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 in shares are included at fair value.
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.
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.
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
Disposals
-
(5,836)
(5,836)
At 31 December 2024
315,455
121,798
437,253
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
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
Amounts falling due within one year
Amounts due from group undertakings etc.
-
244,682
Accrued income and prepayments
3,675
12,672
Other debtors
11,166
34,178
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
389,123
3,735
Taxes and social security
113,796
172,590
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
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).