REGISTERED NUMBER: NI036740 (Northern Ireland)

Merlin Interactive Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Young

SECRETARY:

Mrs D Young

REGISTERED OFFICE:

Scottish Provident Buildings

7 Donegall Square West

Belfast

BT1 6JH

REGISTERED NUMBER:

NI036740 (Northern Ireland)

ACCOUNTANTS:

Agnew Mitchell & Cairns

184 Rashee Road

Ballyclare

Co. Antrim

BT39 9JB

BANKERS:

Barclays Bank PLC

17 Castle Place

Belfast

BT1 1EL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,250

15,837

Investments

6

859,570

1,698,218

880,820

1,714,055

CURRENT ASSETS

Debtors

7

521,773

639,907

Cash at bank

13,154

105,845

534,927

745,752

CREDITORS

Amounts falling due within one year

8

161,857

224,178

NET CURRENT ASSETS

373,070

521,574

TOTAL ASSETS LESS CURRENT LIABILITIES

1,253,890

2,235,629

PROVISIONS FOR LIABILITIES

5,156

3,768

NET ASSETS

1,248,734

2,231,861

CAPITAL AND RESERVES

Called up share capital

98

98

Retained earnings

1,248,636

2,231,763

SHAREHOLDERS' FUNDS

1,248,734

2,231,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

Mr A Young - Director

1.	STATUTORY INFORMATION

Merlin Interactive Limited is a private company, limited by shares , registered in Northern Ireland. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of four years.

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 etc

-

33% on cost, 25% on cost and 15% on reducing balance

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.

Investments

Investments are included at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

90,498

AMORTISATION

At 1 January 2024

and 31 December 2024

90,498

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

244,499

Additions

26,789

At 31 December 2024

271,288

DEPRECIATION

At 1 January 2024

228,662

Charge for year

21,376

At 31 December 2024

250,038

NET BOOK VALUE

At 31 December 2024

21,250

At 31 December 2023

15,837

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

1,698,218

Additions

147,527,077

Disposals

(148,365,725

)

At 31 December 2024

859,570

NET BOOK VALUE

At 31 December 2024

859,570

At 31 December 2023

1,698,218

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,773

51,386

Other debtors

520,000

588,521

521,773

639,907

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

114,006

100,620

Taxation and social security

42,846

115,560

Other creditors

5,005

7,998

161,857

224,178

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr A Young

Balance outstanding at start of year

290,720

543,789

Amounts advanced

256,659

290,720

Amounts repaid

(290,720

)

(543,789

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

256,659

290,720

10.	RELATED PARTY DISCLOSURES

At the year end the company had made a loan of £256,659 to a shareholder holding a participating interest.