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REGISTERED NUMBER: 01435506 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

MERE SECURITIES LIMITED

MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MERE SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr P C Nicholson
Mrs L-J Nicholson





SECRETARY: Mrs L-J Nicholson





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





REGISTERED NUMBER: 01435506 (England and Wales)






MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 300,000 250,000
300,000 250,000

CURRENT ASSETS
Debtors 7 66,595 64,548
Cash at bank 52,623 59,128
119,218 123,676
CREDITORS
Amounts falling due within one year 8 11,386 8,867
NET CURRENT ASSETS 107,832 114,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,832

364,809

PROVISIONS FOR LIABILITIES 3,010 -
NET ASSETS 404,822 364,809

CAPITAL AND RESERVES
Called up share capital 9 301 301
Fair value reserve 10 165,217 118,227
Retained earnings 239,304 246,281
SHAREHOLDERS' FUNDS 404,822 364,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 28th March 2025 and were signed on its behalf by:





Mr P C Nicholson - Director


MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Mere Securities 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% straight line
Fixtures and fittings - 25% straight line

All fixed assets are initially recorded 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.

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.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 1,058 2,220 3,278
DEPRECIATION
At 1st January 2024
and 31st December 2024 1,058 2,220 3,278
NET BOOK VALUE
At 31st December 2024 - - -
At 31st December 2023 - - -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024 250,000
Revaluations 50,000
At 31st December 2024 300,000
NET BOOK VALUE
At 31st December 2024 300,000
At 31st December 2023 250,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2006 118,227
Valuation in 2008 (50,000 )
Valuation in 2020 50,000
Valuation in 2024 50,000
Cost 131,773
300,000

The valuation model used to establish the fair value for the revaluation of the investment property assumes that there are no factors which would cause the property to achieve less than full open market value were it to be made available for sale. The directors are not aware of any such factors that would need to be taken into account for establishing the fair value and as a result the valuation has been based on an open market value.

MERE SECURITIES LIMITED (REGISTERED NUMBER: 01435506)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,045 -
Other debtors 62,550 64,548
66,595 64,548

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,908 1,519
Other creditors 8,478 7,348
11,386 8,867

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300
1 Ordinary B £1 1 1
301 301

10. RESERVES
Fair
value
reserve
£   
At 1st January 2024 118,227
Revaluation transfer to FV reserve 50,000
Deferred tax movement on revaluation (3,010 )

At 31st December 2024 165,217

11. RELATED PARTY DISCLOSURES

During 2011 the company made a £60,000 loan to close family of one of the directors. At the year end £60,000 (2023 - £60,000) was outstanding.