Mercury Property Limited

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

Registered number: 06128374

		31 March 2025		29 February 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		198,012		-

			198,012		-
CURRENT ASSETS
Debtors	5	-		858
Cash at bank and in hand		422		7,226

		422		8,084
Creditors: Amounts Falling Due Within One Year	6	(210,858 )		(22,920 )

NET CURRENT ASSETS (LIABILITIES)			(210,436 )		(14,836 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(12,424 )		(14,836 )

NET LIABILITIES			(12,424 )		(14,836 )

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			(13,424 )		(15,836 )

SHAREHOLDERS' FUNDS			(12,424)		(14,836)

For the period 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr Duncan Loraine

Director

23/11/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Mercury Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06128374 . The registered office is 12 Evendine Corner, Colwall Green, Malvern, WR13 6DX.

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. The company is not registered for VAT. Turnover includes revenue earned from the sale of property and from the rendering of services.

Sale of goods

Turnover from the sale of property is recognised when the significant risks and rewards of ownership of the property has transferred to the buyer. This is usually on completion of the sale.

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. The company's only assets are properties under development. These properties are held on the balance sheet at their purchase price and direct costs incurred to date until a sale has been agreed.

Freehold

0.0%

3. Average Number of Employees

Average number of employees, including directors, during the period was:

	31 March 2025	29 February 2024
Office and administration	2	2

	2	2

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 March 2024	-
Additions	198,012

As at 31 March 2025	198,012

Net Book Value
As at 31 March 2025	198,012

As at 1 March 2024	-

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Mercury Property Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2024 to 31 March 2025

5. Debtors

	31 March 2025	29 February 2024
	£	£
Due within one year
Amounts owed by associates	-	858

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	29 February 2024
	£	£
Trade creditors	(1 )	(1 )
Credit Card	6,000	-
Accruals and deferred income	600	213
Directors' loan accounts	201,545	22,708
Amounts owed to associates	2,714	-

	210,858	22,920

7. Share Capital

	31 March 2025	29 February 2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

8. Ultimate Controlling Party

The company's ultimate controlling party is Dr Duncan Loraine by virtue of his ownership of 100% of the issued share capital in the company.

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