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Registered number: 08429545
Mercatura Investments Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 08429545
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58 78
Investments 5 37,000 37,000
37,058 37,078
CURRENT ASSETS
Debtors 6 529 529
Cash at bank and in hand 6 44
535 573
Creditors: Amounts Falling Due Within One Year 7 (20,045 ) (18,340 )
NET CURRENT ASSETS (LIABILITIES) (19,510 ) (17,767 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,548 19,311
PROVISIONS FOR LIABILITIES
Deferred Taxation (15 ) (20 )
NET ASSETS 17,533 19,291
CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Income Statement 12,533 14,291
SHAREHOLDERS' FUNDS 17,533 19,291
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr S M Ebrahim
Director
29/07/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mercatura Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08429545 . The registered office is Office M 11-17 Fowler Road, Hainault Business Park, Ilford, IG6 3UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 1,039
As at 31 October 2024 1,039
Depreciation
As at 1 November 2023 961
Provided during the period 20
As at 31 October 2024 981
Net Book Value
As at 31 October 2024 58
As at 1 November 2023 78
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 November 2023 37,000
As at 31 October 2024 37,000
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 37,000
As at 1 November 2023 37,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 529 529
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 163 163
Other creditors 19,882 18,177
20,045 18,340
8. Ultimate Controlling Party
The ultimate controlling parties are Mr Z Awan and Mr S M Ebrahim.
Page 4