Mere Commercial Limited

Mere Commercial Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,198	1,597
		1,198	1,597
Current assets
Debtors	4	13,477	11,196
Cash at bank and in hand		22,788	33,165
		36,265	44,361
Creditors: amount falling due within one year	5	(2,941)	(8,928)
Net current assets		33,324	35,433

Total assets less current liabilities		34,522	37,030
Provisions for liabilities	6	(228)	(303)
Net assets		34,294	36,727

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		34,194	36,627
Shareholders' funds		34,294	36,727

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 09 December 2025 and were signed on its behalf by:

-------------------------------
Duncan Young
Director

Mere Commercial Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Mere Commercial Limited is a private company, limited by shares, registered in England and Wales, registration number 09396267, registration address 14A Hartness Road,, Gilwilly Industrial Estate,, Penrith, Cumbria, CA11 9BD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2024	1,741	3,829	5,570
Additions	-	-	-
Disposals	-	-	-
At 31 March 2025	1,741	3,829	5,570
Depreciation
At 01 April 2024	1,628	2,345	3,973
Charge for year	371	28	399
On disposals	-	-	-
At 31 March 2025	1,999	2,373	4,372
Net book values
Closing balance as at 31 March 2025	(258)	1,456	1,198
Opening balance as at 01 April 2024	113	1,484	1,597

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	0	9,514
Other Debtors	13,477	1,682
	13,477	11,196

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	0	129
Taxation and Social Security	1,851	7,293
Other Creditors	1,090	1,506
	2,941	8,928

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	228		303
	228		303

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100

8.	Ultimate Controlling Party The company's ultimate controlling party is Mr D Young by virtue of his ownership of 80% of the issued share capital in the company.

Registered Number: 09396267
England and Wales
MERE COMMERCIAL LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025