REGISTERED NUMBER: 10061393 (England and Wales)

Mermaid Offices Ltd

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R E Littman

Mr R S S Joory

REGISTERED OFFICE:

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

REGISTERED NUMBER:

10061393 (England and Wales)

AUDITORS:

Salisbury & Company Business Solutions Limited

Statutory Auditors

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Tangible assets

4

18,659

10,000

CURRENT ASSETS

Debtors

5

201,261

193,035

Cash at bank

761,963

936,574

963,224

1,129,609

CREDITORS

Amounts falling due within one year

6

819,059

976,785

NET CURRENT ASSETS

144,165

152,824

TOTAL ASSETS LESS CURRENT LIABILITIES

162,824

162,824

PROVISIONS FOR LIABILITIES

11,541

16,498

NET ASSETS

151,283

146,326

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

450,000

450,000

Retained earnings

(298,718

)

(303,675

)

SHAREHOLDERS' FUNDS

151,283

146,326

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 23 September 2025 and were signed on its behalf by:

Mr R E Littman - Director

1.	STATUTORY INFORMATION

Mermaid Offices Ltd 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.

Turnover

Turnover is represented by license fees and services charges.

Turnover is measured at the fair value of 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

-

33% on cost

Financial instruments

Basic financial instruments are recognised at amortised costs, except of investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

298,696

Additions

15,329

At 31 December 2024

314,025

DEPRECIATION

At 1 January 2024

288,696

Charge for year

6,670

At 31 December 2024

295,366

NET BOOK VALUE

At 31 December 2024

18,659

At 31 December 2023

10,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

84,580

7,125

Other debtors

2,563

1,200

Prepayments and accrued income

114,118

184,710

201,261

193,035

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

32,155

38,269

VAT

24,890

22,863

Other creditors

503,251

533,296

Accruals and deferred income

258,763

382,357

819,059

976,785

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jason Matischok FMAAT FCA (Senior Statutory Auditor)

for and on behalf of Salisbury & Company Business Solutions Limited

8.	RELATED PARTY DISCLOSURES

The directors consider that all transactions with related parties have been concluded under normal market conditions.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Plumtree Investments Limited.

The immediate parent undertaking is Heatherfield Limited, whose registered address is PO Box 3159, Road Town, Tortola, British Virgin Islands and whose trading address is Puddle Dock, Blackfriars, London EC4V 3DB.