Company Registration No. 14134664 (England and Wales)
MERIT MORTGAGES LTD
Unaudited accounts
for the year ended 31 March 2025
MERIT MORTGAGES LTD
Unaudited accounts
Contents
MERIT MORTGAGES LTD
Company Information
for the year ended 31 March 2025
Company Number
14134664 (England and Wales)
Registered Office
16 APPIAN WAY
AURUM GREEN
BASINGSTOKE
RG24 8BH
UNITED KINGDOM
Accountants
Mayflower Accountancy & Tax Limited
Unit A, Angel Business Centre
1 Luton Road
Toddington
Bedfordshire
LU5 6DE
MERIT MORTGAGES LTD
Statement of financial position
as at 31 March 2025
Intangible assets
9,020
10,250
Cash at bank and in hand
2,793
5,377
Creditors: amounts falling due within one year
(17,650)
(18,484)
Net current liabilities
(14,857)
(12,288)
Net assets/(liabilities)
774
(2,038)
Called up share capital
1
1
Profit and loss account
773
(2,039)
Shareholders' funds
774
(2,038)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2025 and were signed on its behalf by
Daniel Tillson
Director
Company Registration No. 14134664
MERIT MORTGAGES LTD
Notes to the Accounts
for the year ended 31 March 2025
MERIT MORTGAGES LTD is a private company, limited by shares, registered in England and Wales, registration number 14134664. The registered office is 16 APPIAN WAY, AURUM GREEN, BASINGSTOKE, RG24 8BH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Restatement of prior year
The prior year was restated to recognise goodwill from the purchase of the business from the Director who had previously operated as a sole trader. This transaction was dated 1 August 2022.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is amortised over 10 years.
4
Intangible fixed assets
Goodwill
MERIT MORTGAGES LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Amounts due from group undertakings etc.
-
819
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
(2,579)
Taxes and social security
10,448
10,436
Loans from directors
(14,896)
9,187
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The following advances and credits to a director subsisted during the year ended 31 March 2024.
9
Average number of employees
During the year the average number of employees was 3 (2024: 4).