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REGISTERED NUMBER: 02662316 (England and Wales)















MERCHANT'S HOUSE TRADING (MARLBOROUGH)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2024






MERCHANT'S HOUSE TRADING (MARLBOROUGH)
LIMITED (REGISTERED NUMBER: 02662316)

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










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


MERCHANT'S HOUSE TRADING (MARLBOROUGH)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr G F Deatker
Ms J V Patrick
Mr N Bishop





SECRETARY: Mr K R Dickens





REGISTERED OFFICE: The Merchant's House
132 High Street
MARLBOROUGH
Wiltshire
SN8 1HN





REGISTERED NUMBER: 02662316 (England and Wales)





ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG

MERCHANT'S HOUSE TRADING (MARLBOROUGH)
LIMITED (REGISTERED NUMBER: 02662316)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 997 1,993

CURRENT ASSETS
Stocks 26,803 35,144
Debtors 5 - 987
Cash at bank and in hand 39,075 77,594
65,878 113,725
CREDITORS
Amounts falling due within one year 6 39,208 53,928
NET CURRENT ASSETS 26,670 59,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,667

61,790

CREDITORS
Amounts falling due after more than
one year

7

599

1,198
NET ASSETS 27,068 60,592

CAPITAL AND RESERVES
Called up share capital 8 210 210
Share premium 19,800 19,800
Retained earnings 7,058 40,582
SHAREHOLDERS' FUNDS 27,068 60,592

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.

MERCHANT'S HOUSE TRADING (MARLBOROUGH)
LIMITED (REGISTERED NUMBER: 02662316)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th June 2025 and were signed on its behalf by:





Mr G F Deatker - Director


MERCHANT'S HOUSE TRADING (MARLBOROUGH)
LIMITED (REGISTERED NUMBER: 02662316)

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


1. STATUTORY INFORMATION

Merchant's House Trading (Marlborough) Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number is 02662316. The registered office address is The Merchant's House, 132 High Street, Marlborough, Wiltshire SN8 1HN.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:
- Determine the period of useful economic life and any residual value of all tangible fixed assets in order to write off the value of each asset over that period.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and liabilities are recognised and carried at transaction price, the Company having no 'financing' transactions. For this purpose, financial assets are trade and other receivables, cash and bank balances and financial liabilities are trade and other payables and loans.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MERCHANT'S HOUSE TRADING (MARLBOROUGH)
LIMITED (REGISTERED NUMBER: 02662316)

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


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 9,852 13,195 23,047
DEPRECIATION
At 1st January 2024 9,852 11,202 21,054
Charge for year - 996 996
At 31st December 2024 9,852 12,198 22,050
NET BOOK VALUE
At 31st December 2024 - 997 997
At 31st December 2023 - 1,993 1,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 987

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 269 1,375
Amounts owed to group undertakings 36,010 34,436
Social security and other taxes 749 16,517
Accruals and deferred income 2,180 1,600
39,208 53,928

MERCHANT'S HOUSE TRADING (MARLBOROUGH)
LIMITED (REGISTERED NUMBER: 02662316)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Deferred government grants 599 1,198

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
210 Ordinary £1 210 210

9. RELATED PARTY DISCLOSURES

During the year, the company donated profits of £36,072 (2023 £46,255) to its parent charitable company The Merchant's House (Marlborough) Trust).

After the year end the decision was made to donate the full profits of year ended 31 December 2024 of £2,715 (2023 - £36,072).

At the balance sheet date, the company owed £36,010 to its parent company (2023 - £34,436).

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is The Merchant's House (Marlborough) Trust (Limited by Guarantee), a company registered in England and Wales.