ACCOUNTS - Final Accounts preparation

Company registration number: 03076007

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JULY 2025

	MERRICK LIMITED


MERRICK LIMITED

COMPANY INFORMATION

Directors	Ms E. C. Drummond
	Mr D. J. Cooper
	Ms F. M. Cooper
	Mr S. J. Cooper


Company secretary	Mr S. J. Cooper


Registered number	03076007


Registered office	25 Leys Avenue
	Cambridge
	England
	CB4 2AN


Trading Address	The Old Hayloft
	28 Headley Road
	Grayshott
	Hindhead
	Surrey
	GU26 6LD



Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


MERRICK LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


MERRICK LIMITED REGISTERED NUMBER:03076007

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		38		56
Investment property	5		450,000		450,000
			450,038		450,056
Current assets
Debtors: amounts falling due within one year	6	11,766		8,255
Cash at bank and in hand		105,892		83,162
		117,658		91,417
Creditors: amounts falling due within one year	7	(19,490)		(20,688)
Net current assets			98,168		70,729
Total assets less current liabilities			548,206		520,785
Provisions for liabilities
Deferred tax		(22,944)		(22,947)
			(22,944)		(22,947)
Net assets			525,262		497,838

Capital and reserves
Called up share capital	4	4
Profit and loss account	525,258	497,834
	525,262	497,838

Page 1


MERRICK LIMITED REGISTERED NUMBER:03076007

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr S. J. Cooper

Director

Date: 31 October 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


MERRICK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

Merrick Limited is a private company limited by shares, registered in England. The address of its registered office, which is the principal place of business, is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the rents receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

33%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3


MERRICK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

4.	Tangible fixed assets


		£
	Cost
	At 1 August 2024	1,386
	At 31 July 2025	1,386
	Depreciation
	At 1 August 2024	1,330
	Charge for the year on owned assets	18
	At 31 July 2025	1,348
	Net book value
	At 31 July 2025	38
	At 31 July 2024	56

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 August 2024	450,000
	At 31 July 2025	450,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.

Page 4


MERRICK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Debtors

					2025	2024
					£	£


Trade debtors	11,627	8,157
Prepayments and accrued income	139	98
	11,766	8,255

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	4,880
Corporation tax	6,446	2,899
Other taxation and social security	2,037	2,068
Other creditors	1,530	1,530
Accruals and deferred income	9,477	9,311
	19,490	20,688

Page 5