Registered number
13831214
MERP HOUSING LTD
Filleted Accounts
31 January 2025
MERP HOUSING LTD
Registered number: 13831214
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 254,309 348,971
Current assets
Debtors 4 53 57
Cash at bank and in hand 9,233 10,379
9,286 10,436
Creditors: amounts falling due within one year 5 (80,226) (107,412)
Net current liabilities (70,940) (96,976)
Total assets less current liabilities 183,369 251,995
Creditors: amounts falling due after more than one year 6 (41,271) (214,332)
Net assets 142,098 37,663
Capital and reserves
Called up share capital 1 1
Revaluation reserve 8 82,926 -
Profit and loss account 59,171 37,662
Shareholder's funds 142,098 37,663
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark White
Director
Approved by the board on 17 March 2025
MERP HOUSING LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2024 331,590 21,726 353,316
Additions - 1,592 1,592
Surplus on revaluation 82,926 - 82,926
Disposals (174,516) - (174,516)
At 31 January 2025 240,000 23,318 263,318
Depreciation
At 1 February 2024 - 4,345 4,345
Charge for the year - 4,664 4,664
At 31 January 2025 - 9,009 9,009
Net book value
At 31 January 2025 240,000 14,309 254,309
At 31 January 2024 331,590 17,381 348,971
4 Debtors 2025 2024
£ £
Other debtors 53 57
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 80,226 107,412
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 41,271 214,332
7 Loans 2025 2024
£ £
Creditors include:
Secured bank loans (41,271) (214,332)
The above relates to charges held against the properties as filed with Companies House.
8 Revaluation reserve 2025 2024
£ £
Gain on revaluation of land and buildings 82,926 -
At 31 January 2025 82,926 -
9 Controlling party
The ultimate controlling party is Merp Enterprises Ltd by virtue of its 100% holding of the ordinary share capital.
10 Other information
MERP HOUSING LTD is a private company limited by shares and incorporated in England. Its registered office is:
10 Foggbrook Close
Stockport
England
SK2 5ER
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