Merlinward Ltd - Filleted accounts

Registered number

03247516

Merlinward Ltd

Filleted Accounts

30 September 2025

Merlinward Ltd
Registered number:		03247516
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		658,145			658,226

Current assets
Debtors	4	90,910			80,823
Cash at bank and in hand		46,761			26,361
		137,671			107,184

Creditors: amounts falling due within one year	5	(222,417)			(98,985)

Net current (liabilities)/assets			(84,746)			8,199

Total assets less current liabilities			573,399			666,425

Creditors: amounts falling due after more than one year	6		-			(152,922)



Net assets			573,399			513,503

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			572,399			512,503

Shareholder's funds			573,399			513,503

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N Lake
Director
Approved by the board on 10 June 2026

Merlinward Ltd
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	Basis of preparation
	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 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Additions to freehold buildings	over 5 years
	Plant and machinery	over 3-10 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 October 2024	657,424		7,750		665,174
	At 30 September 2025	657,424		7,750		665,174

	Depreciation
	At 1 October 2024	-		6,949		6,949
	Charge for the year	-		80		80
	At 30 September 2025	-		7,029		7,029

	Net book value
	At 30 September 2025	657,424		721		658,145
	At 30 September 2024	657,424		801		658,225


4	Debtors			2025		2024
£					£

	Other debtors			90,910		80,823


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			-		19,200
	Trade creditors			1,137		1,828
	Taxation and social security costs			16,702		19,920
	Other creditors			204,578		58,037
				222,417		98,985


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		34,464
	Other creditors			-		118,458
				-		152,922


7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			-		34,464

	The loan was a mortgage secured against the property bought with the funds.


8	Controlling party

	The company is controlled by N Lake the director.


9	Other information

	Merlinward Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	First Floor, 12 St. John's Way
	St. John's Business Estate
	Downham Market
	Norfolk
	PE38 0QQ