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REGISTERED NUMBER: 05880848 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Merchants Place Management Company (Ely)
Limited

Merchants Place Management Company (Ely)
Limited (Registered number: 05880848)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merchants Place Management Company (Ely)
Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr I Burton-Palmer
Mr M T Ward





SECRETARY: Mr P B Saunders





REGISTERED OFFICE: Pocock and Shaw Newmarket Ltd
2 Wellington Street
Newmarket
Suffolk
CB8 0HT





REGISTERED NUMBER: 05880848 (England and Wales)

Merchants Place Management Company (Ely)
Limited (Registered number: 05880848)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 5 2,709 1,161
Cash at bank 3,322 3,745
6,031 4,906
CREDITORS
Amounts falling due within one year 6 10,192 4,643
NET CURRENT (LIABILITIES)/ASSETS (4,161 ) 263
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,161

)

263

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings (4,561 ) (137 )
(4,161 ) 263

Merchants Place Management Company (Ely)
Limited (Registered number: 05880848)

Balance Sheet - continued
31 March 2025


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 20 June 2025 and were signed on its behalf by:




Mr I Burton-Palmer - Director



Mr M T Ward - Director


Merchants Place Management Company (Ely)
Limited (Registered number: 05880848)

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


1. STATUTORY INFORMATION

Merchants Place Management Company (Ely) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
The company is exempt from Corporation Tax on the basis that is mutually trades with its members. Corporation Tax would only be payable if its investment income would lead to a tax charge in excess of £100.

Going concern
The Company incurred a loss for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,071 525
Other debtors 638 636
2,709 1,161

Merchants Place Management Company (Ely)
Limited (Registered number: 05880848)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other debtors consists of prepayments of £638 (2024 - £636).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 3,457 -
Other creditors 6,735 4,643
10,192 4,643

Other creditors consists of accruals of £521 (2024 - £443) and deferred income of £6,214 (2024 - £4,200).