Merranti Accounting Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Merranti Accounting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08850731 . The registered office is 10 Scandia-Hus Business Park, Felcourt Road, Felcourt, East Grinstead, RH19 2LP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Straight line
Computer Equipment	25% Straight line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 18 (2024: 16)

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Merranti Accounting Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	1,040	15,821	16,861
Additions	1,668	2,481	4,149

As at 31 March 2025	2,708	18,302	21,010

Depreciation
As at 1 April 2024	746	11,869	12,615
Provided during the period	564	2,705	3,269

As at 31 March 2025	1,310	14,574	15,884

Net Book Value
As at 31 March 2025	1,398	3,728	5,126

As at 1 April 2024	294	3,952	4,246

5. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2024	144,737

As at 31 March 2025	144,737

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	144,737

As at 1 April 2024	144,737

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertakings: Merranti Accounting (Brighton) Limited

Registered office:

10 Scandia-Hus Business Park

Felcourt Road, Felcourt

East Grinstead,

RH19 2LP

Holding: Ordinary shares

Proportion of voting rights and shares held:

2025 - 100%

2024 - 100%

The principle activity of Merranti Accounting (Brighton) Limited is the provision of accountancy services. Its financial year end is 31 December.

Subsidiary undertakings: CTA Accountants & Consultants Limited

Registered office:

10 Scandia-Hus Business Park

...CONTINUED

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Merranti Accounting Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments - continued

Felcourt Road, Felcourt

East Grinstead,

RH19 2LP

Holding: Ordinary shares

Proportion of voting rights and shares held:

2025 - 100%

2024 - 100%

The principle activity of CTA Accountants & Consultants Limited is the provision of accountancy services.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	75,510	61,394
Amounts owed by group undertakings	16,749	24,070
Amounts owed by participating interests	101,613	-
Other debtors	13,505	150,177

	207,377	235,641
Due after more than one year
Other debtors	2,149	-

	209,526	235,641

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	7,383	16,778
Bank loans and overdrafts	20,644	28,220
Amounts owed to group undertakings	45,082	40,227
Other creditors	15,666	65,310
Taxation and social security	181,208	177,767

	269,983	328,302

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	30,799	37,565
Other loans	40,177	-

	70,976	37,565

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Jason Fudge	(5,188 )	11,554	-	-	6,366

The above loan is unsecured, interest free and repayable on demand.

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Merranti Accounting Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Related Party Transactions

Summary of transactions with other related parties

Merranti Accounting (Brighton) Limited - a subsidiary company

During the year the company received/(made) advances of £7,321 (2024: (£53,332)) from/(to) Merranti Accounting (Brighton) Limited. The loans are unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due from Merranti Accounting (Brighton) Limited was £16,749 (2024: £24,070).

CTA Accountants & Consultants Limited - a subsidiary company

During the year the company received/(made) advances of £4,855 (2024: (£2,259)) from/(to) CTA Accountants & Consultants Limited. The loans are unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due to CTA Accountants & Consultants Limited was £45,082 (2024:£40,227).

Merranti Figures Accounting Limited - a company under common control

During the year the company made/(received) advances of £19,462 (2024:(£24,150)) to/(from) Merranti Figures Accounting Limited. The loans are unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due from Merranti Figures Accounting Limited was £101,613 (2024:£82,151).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,126		4,246
Investments	5		144,737		144,737

			149,863		148,983
CURRENT ASSETS
Debtors	6	209,526		235,641
Cash at bank and in hand		737		1,696

		210,263		237,337
Creditors: Amounts Falling Due Within One Year	7	(269,983 )		(328,302 )

NET CURRENT ASSETS (LIABILITIES)			(59,720 )		(90,965 )

TOTAL ASSETS LESS CURRENT LIABILITIES			90,143		58,018

Creditors: Amounts Falling Due After More Than One Year	8		(70,976 )		(37,565 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,281 )		(1,062 )

NET ASSETS			17,886		19,391

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			17,786		19,291

SHAREHOLDERS' FUNDS			17,886		19,391