Phillip Mernock Ltd

Phillip Mernock Ltd
Balance Sheet
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	28,855	10,602
		28,855	10,602
Current assets
Stocks	4	743,800	1,039,172
Debtors	5	31,120	6,242
Cash at bank and in hand		183,840	300
		958,760	1,045,714
Creditors: amount falling due within one year	6	(45,384)	(73,979)
Net current assets		913,376	971,735

Total assets less current liabilities		942,231	982,337
Creditors: amount falling due after more than one year	7	(1,112,748)	(1,003,995)
Net assets		(170,517)	(21,658)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(170,617)	(21,758)
Shareholders' funds		(170,517)	(21,658)

For the year ended 31 May 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 14 July 2026 and were signed on its behalf by:

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Dominic Mernock
Director

Phillip Mernock Ltd
Notes to the Financial Statements
For the year ended 31 May 2025

General Information

Phillip Mernock Ltd is a private company, limited by shares, registered in England and Wales, registration number 14100637, registration address Apartment 8, Berkeley House, 4 -6 South Park Road, Harrogate, North Yorkshire, HG1 5QU.

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.

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:

Plant and Machinery

20% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 June 2024	12,942	-	-	916	13,858
Additions	-	25,000	235	-	25,235
Disposals	-	-	-	-	-
At 31 May 2025	12,942	25,000	235	916	39,093
Depreciation
At 01 June 2024	3,130	-	-	126	3,256
Charge for year	1,446	5,208	26	302	6,982
On disposals	-	-	-	-	-
At 31 May 2025	4,576	5,208	26	428	10,238
Net book values
Closing balance as at 31 May 2025	8,366	19,792	209	488	28,855
Opening balance as at 01 June 2024	9,812	-	-	790	10,602

Stocks

	2025 £		2024 £
Work in Progress	743,800		1,039,172
	743,800		1,039,172

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	31,120		6,242
	31,120		6,242

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	30,880	60,290
Other Creditors	14,504	13,689
	45,384	73,979

Creditors: amount falling due after more than one year

	2025 £		2024 £
Other Creditors	1,112,748		1,003,995
	1,112,748		1,003,995

Advances and Credits

Dominic Mernock
During the period ended 31st May 2025, the Director advanced an additional £85,040 to the Company. The loan is interest free and repayable upon demand.

Current year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Dominic Mernock	233,995		85,040		0		0		0		0		319,035
	233,995		85,040		0		0		0		0		319,035

Previous year (2024)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Dominic Mernock	108,345		125,650		0		0		0		0		233,995
	108,345		125,650		0		0		0		0		233,995

9.	Fixed charge The liability of the company for payment of the agreed purchase value of the land for development is secured by a fixed charge over the land.

Registered Number: 14100637
England and Wales
PHILLIP MERNOCK LTD

Unaudited Financial Statements

Period of accounts Start date: 01 June 2024 End date: 31 May 2025