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REGISTERED NUMBER: 01300666 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Mercian Masterplan Limited

Mercian Masterplan Limited (Registered number: 01300666)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mercian Masterplan Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: C V Armstrong
Mrs A J Armstrong
A M Baker



SECRETARY: C V Armstrong



REGISTERED OFFICE: Drury Lane
Rodington
Shrewsbury
Shropshire
SY4 4RG



REGISTERED NUMBER: 01300666 (England and Wales)



ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: Lloyds Bank Plc
1 Pride Hill
Shrewsbury
Shropshire
SY1 1DG

Mercian Masterplan Limited (Registered number: 01300666)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 355,538 397,217
Investment property 5 700,000 700,000
1,055,538 1,097,217

CURRENT ASSETS
Inventories 8,228 6,780
Debtors 6 361,605 440,705
Cash at bank and in hand 122,303 289,265
492,136 736,750
CREDITORS
Amounts falling due within one year 7 188,740 288,478
NET CURRENT ASSETS 303,396 448,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,358,934

1,545,489

CREDITORS
Amounts falling due after more than
one year

8

(230,370

)

(272,355

)

PROVISIONS FOR LIABILITIES (110,020 ) (117,290 )
NET ASSETS 1,018,544 1,155,844

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 107,599 107,599
Retained earnings 910,845 1,048,145
SHAREHOLDERS' FUNDS 1,018,544 1,155,844

Mercian Masterplan Limited (Registered number: 01300666)

Statement of Financial Position - continued
30 November 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 5 August 2025 and were signed on its behalf by:





A M Baker - Director


Mercian Masterplan Limited (Registered number: 01300666)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Mercian Masterplan 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue 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.
Plant and machinery - 20% on cost
Hire fleet - 10% to 33.33% on cost
Motor vehicles - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.


Mercian Masterplan Limited (Registered number: 01300666)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

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 11 (2023 - 11 ) .

Mercian Masterplan Limited (Registered number: 01300666)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Hire Motor
machinery fleet vehicles Totals
£    £    £    £   
COST
At 1 December 2023 74,316 3,148,995 124,545 3,347,856
Additions 1,491 135,477 41,204 178,172
Disposals - (186,333 ) (18,500 ) (204,833 )
At 30 November 2024 75,807 3,098,139 147,249 3,321,195
DEPRECIATION
At 1 December 2023 60,135 2,821,057 69,447 2,950,639
Charge for year 5,205 184,614 23,082 212,901
Eliminated on disposal - (183,700 ) (14,183 ) (197,883 )
At 30 November 2024 65,340 2,821,971 78,346 2,965,657
NET BOOK VALUE
At 30 November 2024 10,467 276,168 68,903 355,538
At 30 November 2023 14,181 327,938 55,098 397,217


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 700,000
NET BOOK VALUE
At 30 November 2024 700,000
At 30 November 2023 700,000

Investment property was valued on an open market basis by the directors of the company on 30 November 2024 at £700,000.

The historic cost equivalent of investment property included at valuation is as follows :

2024 2023
£ £
Cost 592,401 592,401
Depreciation - -
Net book value 592,401 592,401

Mercian Masterplan Limited (Registered number: 01300666)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 311,004 294,877
Other debtors 50,601 145,828
361,605 440,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,000 40,500
Hire purchase contracts (see note 9) 52,743 61,047
Trade creditors 76,819 86,837
Taxation and social security 39,041 94,593
Other creditors 8,137 5,501
188,740 288,478

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 211,832 224,582
Hire purchase contracts (see note 9) 18,538 47,773
230,370 272,355

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 161,886 177,582

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 52,743 61,047
Between one and five years 18,538 47,773
71,281 108,820

Mercian Masterplan Limited (Registered number: 01300666)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 223,832 265,082

The bank loans are secured over the assets of the company.

11. RELATED PARTY DISCLOSURES

Included in debtors amounts falling due within one year is an amount of £4,901 due from a director of the company (2023 - £15,668). Included in creditors amounts falling due within one year is an amount of £953 due to a director of the company (2023 - £84). These amounts are repayable on demand.

12. PARENT UNDERTAKING

The parent undertaking of the company is Holdworth Limited.

The registered office and business address of Holdworth Limited is Drury Lane, Rodington, Shrewsbury, Shropshire, SY4 4RG.