Company No: 12515487 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Gokce Gizer Clover

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

12515487 (England and Wales)

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	926		1,696
		926		1,696
Current assets
Debtors	4	1,359		2,408
Cash at bank and in hand		28,782		102,826
		30,141		105,234
Creditors: amounts falling due within one year	5	( 76,130)		( 84,164)
Net current (liabilities)/assets		(45,989)		21,070
Total assets less current liabilities		(45,063)		22,766
Net (liabilities)/assets		( 45,063)		22,766
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 45,163 )		22,666
Total shareholder's (deficit)/funds		( 45,063)		22,766

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mercury Change Limited (registered number: 12515487) were approved and authorised for issue by the Director on 25 September 2025. They were signed on its behalf by:

Gokce Gizer Clover Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mercury Change Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised in the period in which the services are provided.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

3 years straight line

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Average number of employees during the year was	1		1

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 January 2024	2,309		2,309
At 31 December 2024	2,309		2,309
Accumulated depreciation
At 01 January 2024	613		613
Charge for the financial year	770		770
At 31 December 2024	1,383		1,383
Net book value
At 31 December 2024	926		926
At 31 December 2023	1,696		1,696

4. Debtors

	2024		2023
	£		£
Amounts owed by director (note 7)	0		4,881
Corporation tax	0		2,143
Other debtors	1,359		( 4,616)
	1,359		2,408

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Accruals	5,210		4,450
Deferred tax liability	0		412
Other taxation and social security	480		480
Other creditors	70,440		78,822
	76,130		84,164

Included within Other creditors is a loan of £70,440 from the director. The rate of interest charged is 0% and repayable on demand. At the balance sheet date, the loan was still outstanding.

6. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 412)		0
Credited/(charged) to the Profit and Loss Account	412		( 412)
At the end of financial year	0		( 412)

7. Related party transactions

Transactions with the entity's director

	2024		2023
	£		£
Director's loan account	0		4,881
Loan to the company	(70,440)		(78,670)

During the year, £3,501 was advanced to the director and £8,382 was repaid to the company. The directors loan is repayable on demand.