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REGISTERED NUMBER: 02214075 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MERLIN FINANCIAL CONSULTANTS LIMITED

MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

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










Page

Company Information 1

Strategic Report 2

Report of the Director 4

Income Statement 5

Statement of Financial Position 6

Notes to the Financial Statements 8


MERLIN FINANCIAL CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr J A Plinston





SECRETARY: Ms C Butt





REGISTERED OFFICE: 15 Wheatstone Court
Waterwells Business Park
Quedgeley
Gloucester
Gloucestershire
GL2 2AQ





REGISTERED NUMBER: 02214075 (England and Wales)

MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The director presents his strategic report for the year ended 30 September 2024.

The purpose of the Strategic Report is to inform shareholders and help them to assess how the directors have performed their duties to promote the success of the company. The report, together with the further information in the Directors' Report, provides a fair and balanced review of the company's business including the development and performance of the business during the year, the position of the company at the end of the year and a description of the principal risks and uncertainties facing the company.

REVIEW AND ANALYSIS OF THE BUSINESS DURING THE CURRENT YEAR
The company was authorised and regulated by the Financial Conduct Authority (FCA) until 28 October 2021 when our application to deregister was granted. Since then the company has simply administered the collection of occasional income still occurring from earlier engagements and related matters arising.

As reported in the company's income statement revenue has decreased by 52.48% from £3.6k to £1.9k in the current period. Profit before tax has decreased from £2.5k to £0.8k. The results for the year and the financial position at the year end were considered satisfactory by the directors.

KEY PERFORMANCE INDICATORS
The directors used a range of performance measures to monitor and manage the business. As set out below the following financial statistics were considered to be the key performance indicators for the company.

2024 2023
£ £

EBITA

1,487

3,371
(earnings before interest, taxation and amortization)

Turnover

1,730

3,641

Profit/(Loss) before tax

881

2,506

Shareholders' funds

100,914

105,200

THE FINANCIAL POSITION OF THE COMPANY AT THE YEAR END
At the year end, the company had a post tax profit of £0.7k and a decrease in shareholders' funds from £105k to 100k.

FUTURE DEVELOPMENTS
The company has not traded since the end of October 2021 and is, effectively, dormant. There are no current plans for any future activity.


MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES FACING THE BUSINESS
Following the cessation of trading by the company in October 2021, the directors do not consider there are any material risks or uncertainties facing the business.


Financial instruments

Financial risk management relates to risk to the company in respect of its own assets and liabilities. The company has very limited exposure to financial instruments in respect of its own assets and liabilities. They include cash deposits and trade receivables and trade payables.

ON BEHALF OF THE BOARD:





Mr J A Plinston - Director


25 June 2025

MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The director presents his report with the financial statements of the company for the year ended 30 September 2024.

DIVIDENDS
Dividends of £0.05 per share (2023 £0.36)were paid on the Ordinary shares.

DIRECTOR
Mr J A Plinston held office during the whole of the period from 1 October 2023 to the date of this report.

Mr J A Plinston is also a director and shareholder of Opera Holdings Limited, the ultimate parent company.

DISCLOSURE IN THE STRATEGIC REPORT
As permitted by paragraph 1A of schedule 7 to the Large and Medium-sized Companies and Groups (Accounts and Reports) regulations 2008 certain matters which are required to be disclosed in the directors' report have been omitted as they are included in the Strategic Report on pages 2 and 3. These matters relate to financial instruments and future developments.

ON BEHALF OF THE BOARD:





Mr J A Plinston - Director


25 June 2025

MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 1,730 3,641

Administrative expenses 246 293
OPERATING PROFIT 4 1,484 3,348

Interest receivable and similar income 3 23
1,487 3,371

Interest payable and similar expenses 606 865
PROFIT BEFORE TAXATION 881 2,506

Tax on profit 167 476
PROFIT FOR THE FINANCIAL YEAR 714 2,030

MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 101,000 134,500
Cash at bank 81 387
101,081 134,887
CREDITORS
Amounts falling due within one year 7 167 10,520
NET CURRENT ASSETS 100,914 124,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,914

124,367

CREDITORS
Amounts falling due after more than one year 8 - 19,167
NET ASSETS 100,914 105,200

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 914 5,200
SHAREHOLDERS' FUNDS 100,914 105,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





Mr J A Plinston - Director


MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

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


1. STATUTORY INFORMATION

Merlin Financial Consultants 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention on the going concern basis. Should the company require any support to meet its obligations over the following 12 months, this will be provided by the parent company or the directors.

Turnover
Turnover represents commissions receivable.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

MERLIN FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02214075)

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


3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   

5. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 5,000 36,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from group
undertakings 101,000 134,500
101,000 134,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Corporation tax 167 476
Accrued expenses - 44
167 10,520

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 10,000
Bank loans - 2-5 years - 9,167
- 19,167