MRGE LIMITED


Director	Paul Sangle-Ferriere


Registered Address	11 Regents Mill Apartments
	Clarissa Street
	London
	E8 4FS


Registered Number	16320438 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025
		£	£
Fixed assets
Tangible assets	4		2,489
			2,489
Current assets
Debtors	5	60,619
Cash at bank and on hand		19,538
		80,157
Creditors amounts falling due within one year	6	(374,404)
Net current assets (liabilities)			(294,247)
Total assets less current liabilities			(291,758)
Net assets			(291,758)
Capital and reserves
Called up share capital			1
Profit and loss account			(291,759)
Shareholders' funds			(291,758)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 April 2026, and are signed on its behalf by:

Paul Sangle-Ferriere
Director
Registered Company No. 16320438

MRGE LIMITED

Notes to the Financial Statements
for the period ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with the support of its parent company MRGE Inc. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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 rendering of services.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	33

2.	Average number of employees


		2025
	Average number of employees during the year	2

3.	Further information regarding the company's income
	These financial statements have been prepared for the period from the date of incorporation on 17 March 2025 to 31 December 2025. This represents the Company’s first set of financial statements since incorporation.

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	3,318	3,318
At 31 December 25	3,318	3,318
Depreciation and impairment
Charge for year	829	829
At 31 December 25	829	829
Net book value
At 31 December 25	2,489	2,489
At 16 March 25	-	-

5.	Debtors: amounts due within one year

		2025
		£
	Other debtors	56,821
	Prepayments and accrued income	3,798
	Total	60,619

6.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	3,563
	Amounts owed to related parties	355,497
	Taxation and social security	12,900
	Other creditors	243
	Accrued liabilities and deferred income	2,201
	Total	374,404


	At the balance sheet date, the company owed £355,497 (USD: 479,167) to its parent company, MRGE Inc. This amount is included within amounts owed to related parties. The loan is unsecured, interest-free, and repayable on demand. At the balance sheet date, the Company owed £243 to the Director and this amount is included within other creditors. The loan is unsecured, interest free and repayable on demand.

At the balance sheet date, the company owed £355,497 (USD: 479,167) to its parent company, MRGE Inc. This amount is included within amounts owed to related parties. The loan is unsecured, interest-free, and repayable on demand.

At the balance sheet date, the Company owed £243 to the Director and this amount is included within other creditors. The loan is unsecured, interest free and repayable on demand.

7.	Related party transactions
	At the balance sheet date, the Company owed £355,497 to its parent undertaking, MRGE Inc. The balance comprised £499,954 in respect of funding provided by the parent undertaking, offset by £2,865 relating to expenses incurred by the Company on behalf of the parent undertaking and a net decrease of the intercompany loan balance of £5,591 arising from foreign exchange movement. In addition, fees were charged by the Company to its parent undertaking in respect of management support (£33,890) and software distribution services (£102,111) provided during the period. These fees were charged in accordance with the group's transfer pricing policy and are considered to be at arm's length.

Related party transactions

At the balance sheet date, the Company owed £355,497 to its parent undertaking, MRGE Inc. The balance comprised £499,954 in respect of funding provided by the parent undertaking, offset by £2,865 relating to expenses incurred by the Company on behalf of the parent undertaking and a net decrease of the intercompany loan balance of £5,591 arising from foreign exchange movement. 

In addition, fees were charged by the Company to its parent undertaking in respect of management support (£33,890) and software distribution services (£102,111) provided during the period. These fees were charged in accordance with the group's transfer pricing policy and are considered to be at arm's length.