Company No: 04581741 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Jonathan Mark Milner
	Tracey Jayne Milner

SECRETARY

Tracey Jayne Milner

REGISTERED OFFICE	South Grange
	Huggate
	York
	YO42 1YS
	United Kingdom

COMPANY NUMBER

04581741 (England and Wales)

ACCOUNTANT	Morrell Middleton Ltd
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	631,645		545,692
		631,645		545,692
Current assets
Stocks	4	5,570		6,000
Debtors	5	48,243		88,689
Cash at bank and in hand	6	1,356		14,715
		55,169		109,404
Creditors: amounts falling due within one year	7	( 353,978)		( 384,991)
Net current liabilities		(298,809)		(275,587)
Total assets less current liabilities		332,836		270,105
Creditors: amounts falling due after more than one year	8	( 183,017)		( 71,047)
Provision for liabilities	9	( 35,122)		( 13,039)
Net assets		114,697		186,019
Capital and reserves
Called-up share capital	10	2		2
Profit and loss account		114,695		186,017
Total shareholder's funds		114,697		186,019

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Merlin International Trading Limited (registered number: 04581741) were approved and authorised for issue by the Board of Directors on 15 July 2026. They were signed on its behalf by:

Tracey Jayne Milner Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Merlin International Trading Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is South Grange, Huggate, York, YO42 1YS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed all available information for the foreseeable future, being a period of at least twelve months from the date of approval. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery etc.	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		9

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2025	645,582		414,550		1,060,132
Additions	0		117,576		117,576
Disposals	0		( 4,532)		( 4,532)
At 31 March 2026	645,582		527,594		1,173,176
Accumulated depreciation
At 01 April 2025	152,047		362,393		514,440
Charge for the financial year	12,912		16,680		29,592
Disposals	0		( 2,501)		( 2,501)
At 31 March 2026	164,959		376,572		541,531
Net book value
At 31 March 2026	480,623		151,022		631,645
At 31 March 2025	493,535		52,157		545,692

4. Stocks

	2026		2025
	£		£
Stocks	5,570		6,000

5. Debtors

	2026		2025
	£		£
Trade debtors	21,406		86,308
Corporation tax	3,791		0
Other debtors	23,046		2,381
	48,243		88,689

6. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	1,356		14,715
Less: Bank overdrafts	( 46,529)		( 23,256)
	(45,173)		(8,541)

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts (secured £ 65,722)	81,525		114,252
Trade creditors	49,251		61,638
Amounts owed to Group undertakings	10,362		10,362
Taxation and social security	65,939		66,447
Obligations under finance leases and hire purchase contracts	16,788		0
Other creditors	130,113		132,292
	353,978		384,991

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	50,000		71,047
Obligations under finance leases and hire purchase contracts	83,017		0
Other creditors	50,000		0
	183,017		71,047

The bank loans are secured by fixed and floating charge over all assets of the Company.

9. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 13,039)		( 12,107)
Charged to the Statement of Income and Retained Earnings	( 22,083)		( 932)
At the end of financial year	( 35,122)		( 13,039)

10. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2