REGISTERED NUMBER: 10648171 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

MERLIN IMAGING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Clark

Dr E Rowbotham

REGISTERED OFFICE:

Coppers Carr Lane

Thorner

Leeds

LS14 4HB

REGISTERED NUMBER:

10648171 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

YO30 5PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

58,687

71,012

Investments

6

3,000

3,000

61,687

74,012

CURRENT ASSETS

Debtors

7

282,858

281,952

Cash at bank

81,634

60,993

364,492

342,945

CREDITORS

Amounts falling due within one year

8

19,270

74,075

NET CURRENT ASSETS

345,222

268,870

TOTAL ASSETS LESS CURRENT LIABILITIES

406,909

342,882

CREDITORS

Amounts falling due after more than one year

9

(21,752

)

(33,396

)

PROVISIONS FOR LIABILITIES

(11,150

)

(13,492

)

NET ASSETS

374,007

295,994

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

371,007

292,994

SHAREHOLDERS' FUNDS

374,007

295,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2026 and were signed on its behalf by:

C Clark - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales of services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% Reducing balance

Motor vehicles

-

25% Reducing balance

Computer equipment

-

25% Reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

10,857

AMORTISATION

At 1 June 2024

and 31 May 2025

10,857

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

and 31 May 2025

38,799

47,750

2,936

89,485

DEPRECIATION

At 1 June 2024

12,641

3,979

1,853

18,473

Charge for year

7,759

3,979

587

12,325

At 31 May 2025

20,400

7,958

2,440

30,798

NET BOOK VALUE

At 31 May 2025

18,399

39,792

496

58,687

At 31 May 2024

26,158

43,771

1,083

71,012

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 June 2024

and 31 May 2025

3,000

NET BOOK VALUE

At 31 May 2025

3,000

At 31 May 2024

3,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,814

5,814

Corporation tax recoverable

30,031

29,867

Amounts owed by related undertaking

149,930

149,930

Directors' current accounts

88,978

88,493

Prepayments

8,105

7,848

282,858

281,952

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,126

4,126

Corporation tax

164

12,868

Amounts owed to related undertakings

-

42,392

Bank loan

8,342

8,742

Accrued expenses

6,638

5,947

19,270

74,075

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

21,122

25,248

Bank loan

630

8,148

21,752

33,396

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The bank loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase

25,248

29,375

The loans are secured against the assets they relate to.

11.	RELATED PARTY DISCLOSURES

During the year the company raised invoices totalling £80,000 (2024: £80,000) to Skeletal Imaging Limited, a company of which Mr C Clark and Dr E Rowbotham are both directors.

At 31 May 2025 the company owed an amount of £nil (2024: £42,392) to Skeletal Imaging Limited.

At 31 May 2025 the company was owed an amount of £149,930 (2024: £149,930) from Merlin Holiday Homes Limited, a company under the control of Mr C Clark.

At 31 May 2025 the company was owed an amount of £88,979 (2024: £88,494) from its directors.