The Mersey Property Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11851542

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		20,830		24,524
Investment Properties	5		2,005,000		1,825,164

			2,025,830		1,849,688
CURRENT ASSETS
Debtors	6	15,723		12,490
Cash at bank and in hand		56,827		7,165

		72,550		19,655
Creditors: Amounts Falling Due Within One Year	7	(23,163 )		(42,818 )

NET CURRENT ASSETS (LIABILITIES)			49,387		(23,163 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,075,217		1,826,525

Creditors: Amounts Falling Due After More Than One Year	8		(1,798,280 )		(1,558,128 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(73,519 )		(66,007 )

NET ASSETS			203,418		202,390

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			203,417		202,389

SHAREHOLDERS' FUNDS			203,418		202,390

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The Mersey Property Group Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr D Nutbrown

Director

21 July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

The Mersey Property Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11851542 . The registered office is 6-8 Tawd Street, Liverpool, L4 4PD.

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 represents rental income receivable from investment properties during the year, excluding value added tax. Rental income is recognised on a straight-line basis over the term of the tenancy.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	None
Plant & Machinery	15% reducing balance
Computer Equipment	25% reducing balance

Freehold property is not depreciated due to the property being included at fair value.

2.4. Investment Properties

Investment properties are measured at fair value, determined annually, based on market rents and investment property yields for comparable real estate, adjusted where necessary for differences in the nature, location or condition of the specific asset.

The valuations are performed by the directors.

No depreciation is provided in respect of investment properties. Any changes in fair value are recognised in the profit and loss account.

2.5. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

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The Mersey Property Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 March 2024	29,696	279	29,975

As at 28 February 2025	29,696	279	29,975

Depreciation
As at 1 March 2024	5,329	122	5,451
Provided during the period	3,655	39	3,694

As at 28 February 2025	8,984	161	9,145

Net Book Value
As at 28 February 2025	20,712	118	20,830

As at 1 March 2024	24,367	157	24,524

5. Investment Property

	2025
	£
Fair Value
As at 1 March 2024	1,825,164
Additions	287,904
Disposals	(150,000 )
Revaluations	41,932

As at 28 February 2025	2,005,000

If the investment property had been accounted for under the historical cost model, the aggregate historical cost of the properties would be as follows:

	2025	2024
	£	£
Cost	1,815,459	1,527,390

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The Mersey Property Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	13,989	11,081
Other debtors	1,734	1,409

	15,723	12,490

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,649	26,138
Bank loans and overdrafts	5,000	5,000
Other creditors	15,414	11,580
Taxation and social security	100	100

	23,163	42,818

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,231,219	1,108,878
Other creditors	567,061	449,250

	1,798,280	1,558,128

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	1,211,219		1,088,878

9. Secured Creditors

The company has granted fixed charges over certain investment properties in favour of lenders in respect of mortgage facilities. At the balance sheet date, the company had 18 outstanding charges registered at Companies House. These charges are held by the following lenders:

Aldermore Bank PLC
Kensington Mortgage Company Limited
Ascot Bridging Finance 2 Limited
The Mortgage Lender Limited
Charter Court Financial Services Limited
Paratus AMC Limited
Saffron Building Society
OneSavings Bank PLC

...CONTINUED

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The Mersey Property Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

9. Secured Creditors - continued

The charges comprise fixed charges by way of legal mortgages over specific investment properties owned by the company, including various properties in Liverpool, Bootle and Ormskirk.

The secured loans are repayable in accordance with the respective loan agreements. In the event of default, the lenders have the right to take possession of the secured properties.

The following amounts included within creditors are secured:

	2025		2024
	£		£
Bank loans and overdrafts	1,196,027		1,071,772

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

11. Reserves

	Profit and Loss Account
	£
As at 1 March 2024	202,389
Profit for the year and total comprehensive income	1,028

As at 28 February 2025	203,417

The profit and loss reserve account records retained earnings and accumulated losses. All fair value movements on investment properties are recognised in profit or loss. The profit and loss reserve account includes both distributable and non-distributable funds as detailed below:

Distributable reserves loss £50,254 (2024: loss £20,818)

Non-distributable reserves £254,656 (2024: £223,207)

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