Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 07637052 Jan Ranners Lars Vinther Lars Vinther Egenvej 3, 3600 Frederiksund, Denmark true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07637052 2024-12-31 07637052 2025-12-31 07637052 2025-01-01 2025-12-31 07637052 frs-core:CurrentFinancialInstruments 2025-12-31 07637052 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 07637052 frs-core:OtherResidualIntangibleAssets 2025-12-31 07637052 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 07637052 frs-core:OtherResidualIntangibleAssets 2024-12-31 07637052 frs-core:ShareCapital 2025-12-31 07637052 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 07637052 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07637052 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 07637052 frs-bus:SmallEntities 2025-01-01 2025-12-31 07637052 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 07637052 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07637052 1 2025-01-01 2025-12-31 07637052 frs-bus:Director1 2025-01-01 2025-12-31 07637052 frs-bus:Director2 2025-01-01 2025-12-31 07637052 frs-countries:EnglandWales 2025-01-01 2025-12-31 07637052 2023-12-31 07637052 2024-12-31 07637052 2024-01-01 2024-12-31 07637052 frs-core:CurrentFinancialInstruments 2024-12-31 07637052 frs-core:ShareCapital 2024-12-31 07637052 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 07637052
Mermaid Medical Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Pennington Silver
Mermaid Medical Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Mermaid Medical Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 07637052

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 2,022 |  | 24,284
|  |  | 2,022 |  | 24,284
CURRENT ASSETS
Stocks | 5 | 22,844 |  | 22,771 |
Debtors | 6 | 929,930 |  | 434,113 |
Cash at bank and in hand |  | 217,951 |  | 501,892 |
|  | 1,170,725 |  | 958,776 |
Creditors: Amounts Falling Due Within One Year | 7 | (751,120 ) |  | (305,343 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 419,605 |  | 653,433
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 421,627 |  | 677,717
NET ASSETS |  |  | 421,627 |  | 677,717
CAPITAL AND RESERVES
Called up share capital | 8 |  | 10,000 |  | 10,000
Profit and Loss Account |  |  | 411,627 |  | 667,717
SHAREHOLDERS' FUNDS |  |  | 421,627 |  | 677,717

Page 1
Page 2
Mermaid Medical Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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

Lars Vinther Director
28/05/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Mermaid Medical Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Mermaid Medical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07637052 . The registered office is Room No. B1 Maghull Business Centre, 1 Liverpool Road North, Maghull, L31 2HB.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is the grant of distribution rights, these rights are amortised to profit and loss account over the estimated economic life of 7 years.
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Taxation
The tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 January 2025 | 170,000
As at 31 December 2025 | 170,000
Amortisation
As at 1 January 2025 | 145,716
Provided during the period | 22,262
As at 31 December 2025 | 167,978

...CONTINUED
Page 3
Page 4
Mermaid Medical Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025 | 2,022
As at 1 January 2025 | 24,284

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 22,844 |  | 22,771

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 661,943 |  | 418,384
Other debtors | 267,987 |  | 15,729
| 929,930 |  | 434,113

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 7,588 |  | 4,903
Amounts owed to group undertakings | - |  | 31,814
Other creditors | 415,191 |  | 7,877
Taxation and social security | 328,341 |  | 260,749
| 751,120 |  | 305,343

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10,000 |  | 10,000

9. Related Party Transactions
Durng the year ended 31st December 2025 the company bought £3,237,319 of goods & services from Mermaid Medical A/S, Mermaid Medical A/S is wholly owned by Egern Holdings A/S. (2024 £2,588,416).
During the year ended 31st December 2025 the company paid a management fee of £754,139 to Mermaid Medical A/S. (2024 £790,841).
The amount owed to the company by Mermaid Medical A/S at the balance sheet date was £256,707 (2024 amount owed by the company to Mermaid Medical A/S £31,814).
10. Ultimate Controlling Party Not Known
The company is a subsidiary of Egern Holdings A/S. The parent company's registered office and principal place of business is Egernvej 3, 3600 Frederikssund, Denmark.
Page 4