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REGISTERED NUMBER: 04601594 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Mercan Ltd

Mercan Ltd (Registered number: 04601594)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mercan Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: M Sanderson FAIA(Hon)
Mrs C Sanderson





SECRETARY: Mrs C Sanderson





REGISTERED OFFICE: 4 Corbyn Sands
Parkhill Road
Torquay
Devon
TQ1 2AR





REGISTERED NUMBER: 04601594 (England and Wales)





ACCOUNTANTS: Trio Accountancy Services Ltd
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW

Mercan Ltd (Registered number: 04601594)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 191,427 191,748

CURRENT ASSETS
Cash at bank and in hand 536,907 567,705

CREDITORS
Amounts falling due within one year 5 9,583 2,715
NET CURRENT ASSETS 527,324 564,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,751

756,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 718,651 756,638
SHAREHOLDERS' FUNDS 718,751 756,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 6 May 2025 and were signed on its behalf by:





M Sanderson FAIA(Hon) - Director


Mercan Ltd (Registered number: 04601594)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Mercan Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 2 (2024 - 2 ) .

Mercan Ltd (Registered number: 04601594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Long Computer
leasehold equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 192,062 964 193,026
DEPRECIATION
At 1 April 2024 757 521 1,278
Charge for year - 321 321
At 31 March 2025 757 842 1,599
NET BOOK VALUE
At 31 March 2025 191,305 122 191,427
At 31 March 2024 191,305 443 191,748

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Tax 3,831 2,644
Directors' current accounts 5,752 71
9,583 2,715