Registered Number 16032867

MER EXCEL 1 PROPERTIES LIMITED

Micro-entity Accounts

31 October 2025

MER EXCEL 1 PROPERTIES LIMITED Registered Number 16032867

Micro-entity Balance Sheet as at 31 October 2025

Notes 2025
£
Called up share capital not paid
2
Fixed Assets
193,202
Current Assets
2,692
Creditors: amounts falling due within one year
(76,135)
Net current assets (liabilities)
(73,443)
Total assets less current liabilities
119,761
Creditors: amounts falling due after more than one year
(128,695)
Total net assets (liabilities)
(8,934)
Capital and reserves
(8,934)
  • For the year ending 31 October 2025 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 July 2026

And signed on their behalf by:
E A C Riguis, Director

MER EXCEL 1 PROPERTIES LIMITED Registered Number 16032867

Notes to the Micro-entity Accounts for the period ended 31 October 2025

1Employees
2025
Average number of employees during the period 0

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Investment properties
Investment properties are initially recognised at cost which includes development costs and any directly attributable expenditure. Investment properties are subsequently measured at fair value at the reporting date with changes being recognised in the Income Statement. Gains and losses on the revaluation and sale of investment properties are recognised in the Income Statement. Gains and losses on the revaluation of investment property are transferred to a non-distributable reserve.

Debtors
Debtors with no stated interest rate and which are receivable within one year are recorded at transaction price. Any losses from impairment are recognised in the income statement within administrative expenses.

Cash
Cash comprise cash at banks.

Creditors
Creditors with no stated interest rate and which are payable within one year are recorded at transaction price.

Bank loans
All interest-bearing loans which are basic financial instruments are initially recognised at the present value of the future payments discounted at a market rate of interest for a similar loan. After initial recognised the interest-bearing loans are subsequently measured at amortised cost using the effective interest method.

Share capital
Shares issued by the Company are recorded as the proceeds received from the issue of shares, net of direct issue costs.