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REGISTERED NUMBER: 02669054 (England and Wales)















MERCIA PROPERTIES LIMITED

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






MERCIA PROPERTIES LIMITED (REGISTERED NUMBER: 02669054)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MERCIA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J A Finn
Mrs G A Spickernell
Mrs V J Greenhouse





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 02669054 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

MERCIA PROPERTIES LIMITED (REGISTERED NUMBER: 02669054)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209 428
Investment property 5 770,000 770,000
770,209 770,428

CURRENT ASSETS
Debtors 538 1,313
Investments 6,516 3,740
Cash at bank 238,091 215,853
245,145 220,906
CREDITORS
Amounts falling due within one year 48,771 46,781
NET CURRENT ASSETS 196,374 174,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

966,583

944,553

PROVISIONS FOR LIABILITIES 125,621 125,621
NET ASSETS 840,962 818,932

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 507,437 507,437
Retained earnings 333,425 311,395
SHAREHOLDERS' FUNDS 840,962 818,932

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.

MERCIA PROPERTIES LIMITED (REGISTERED NUMBER: 02669054)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 March 2025 and were signed on its behalf by:





J A Finn - Director


MERCIA PROPERTIES LIMITED (REGISTERED NUMBER: 02669054)

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


1. STATUTORY INFORMATION

Mercia Properties 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.

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 net invoiced rents, excluding 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on 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.

3. EMPLOYEES AND DIRECTORS

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

MERCIA PROPERTIES LIMITED (REGISTERED NUMBER: 02669054)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 8,594
Disposals (3,994 )
At 30 June 2024 4,600
DEPRECIATION
At 1 July 2023 8,166
Charge for year 119
Eliminated on disposal (3,894 )
At 30 June 2024 4,391
NET BOOK VALUE
At 30 June 2024 209
At 30 June 2023 428

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 770,000
NET BOOK VALUE
At 30 June 2024 770,000
At 30 June 2023 770,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2022 150,437
Valuation in 2023 357,000
Cost 262,563
770,000

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 266,362 266,362
Aggregate depreciation (3,799 ) (3,799 )

6. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 507,437