REGISTERED NUMBER: 12780967 (England and Wales)

MERCURAE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T A Edwards

Mrs R Patrickson

Ms J A Wood

REGISTERED OFFICE:

2nd Floor

10 Rathbone Place

London

W1T 1HP

REGISTERED NUMBER:

12780967 (England and Wales)

ACCOUNTANTS:

KHI Albury Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Intangible assets

4

25,125

22,648

Tangible assets

5

52,295

49,100

77,420

71,748

CURRENT ASSETS

Work in progress

6,693

81,800

Debtors

6

248,884

107,377

Cash at bank and in hand

135,693

147,694

391,270

336,871

CREDITORS

Amounts falling due within one year

7

347,687

291,611

NET CURRENT ASSETS

43,583

45,260

TOTAL ASSETS LESS CURRENT LIABILITIES

121,003

117,008

CREDITORS

Amounts falling due after more than one year

8

-

39,849

NET ASSETS

121,003

77,159

CAPITAL AND RESERVES

Called up share capital

10

2,222

2,222

Retained earnings

11

118,781

74,937

SHAREHOLDERS' FUNDS

121,003

77,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

T A Edwards - Director

1.	STATUTORY INFORMATION

Mercurae Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amount recoverable from client services provided during the year. Ordinarily, turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from client and is based on the time spent, skills and expertise provided and expenses incurred.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Work in progress

Work in progress is valued based on work done but not invoiced at the year end date.

Work in progress is calculated at the year end date on the basis of sales value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Debtors

Trade debtors are measured at the transaction price, less any provisions for bad or doubtful debts. Loans receivable are measured at their transactional amounts, less any potential impairment.

Cash at bank and in hand

Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held in the finance leases or hire purchase agreements and the related obligations are recorded in the statement of financial position at the fair value of the assets at the inception of the agreements. The excess of the payments over the recorded obligations are treated as finance charges, which are amortised over the term of each agreement to give a consistent rate of charge on the remaining balance of the obligation.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2024

44,105

Additions

25,767

At 31 October 2025

69,872

AMORTISATION

At 1 November 2024

21,457

Charge for year

23,290

At 31 October 2025

44,747

NET BOOK VALUE

At 31 October 2025

25,125

At 31 October 2024

22,648

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

88,807

Additions

19,047

Disposals

(500

)

At 31 October 2025

107,354

DEPRECIATION

At 1 November 2024

39,707

Charge for year

15,413

Eliminated on disposal

(61

)

At 31 October 2025

55,059

NET BOOK VALUE

At 31 October 2025

52,295

At 31 October 2024

49,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

209,724

90,148

Other debtors

39,160

17,229

248,884

107,377

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

39,849

6,442

Trade creditors

18,779

54,086

Taxation and social security

129,013

54,820

Other creditors

160,046

176,263

347,687

291,611

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

39,849

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

39,849

46,291

The Hire purchase contracts are secured against the motor vehicle.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000,000

A Ordinary

0.1p

1,000

1,000

1,000,000

B Ordinary

0.1p

1,000

1,000

222,222

C Ordinary

0.1p

222

222

2,222

2,222

11.

RESERVES

Retained

earnings

£

At 1 November 2024

74,937

Profit for the year

43,844

At 31 October 2025

118,781

12.	RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amounts falling due within one year is £976 (2024: £17,206) owed to the director Mr T A Edwards.

At the year-end date, included within creditors, amounts falling due within one year is £NIL (2024: £809) the director Mrs R Patrickson.

This amount is unsecured, interest free and payable on demand.

13.	CONTROLLING PARTY

The controlling parties are Mr T A Edwards and Mrs R Patrickson.