REGISTERED NUMBER: 03270609 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

MERA PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C Martinez-Lopez

F D Peters

SECRETARY:

F D Peters

REGISTERED OFFICE:

232 Sladepool Farm Road

Birmingham

B14 5EE

REGISTERED NUMBER:

03270609 (England and Wales)

ACCOUNTANTS:

Clive Shedd & Co

Chartered Accountants

232 Sladepool Farm Road

Birmingham

B14 5EE

FIXED ASSETS

Tangible assets

5

4,002,415

4,002,462

CURRENT ASSETS

Debtors

6

5,017

7,480

Cash at bank

68,864

27,897

73,881

35,377

CREDITORS

Amounts falling due within one year

7

1,713,094

1,722,645

NET CURRENT LIABILITIES

(1,639,213

)

(1,687,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,363,202

2,315,194

CREDITORS

Amounts falling due after more than one year

8

(1,169,541

)

(1,169,541

)

PROVISIONS FOR LIABILITIES

(106,000

)

(106,000

)

NET ASSETS

1,087,661

1,039,653

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

786,747

786,747

Retained earnings

300,814

252,806

SHAREHOLDERS' FUNDS

1,087,661

1,039,653

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 29 July 2026 and were signed on its behalf by:

Ms C Martinez-Lopez - Director

1.	STATUTORY INFORMATION

Mera Properties 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the year under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

Turnover

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

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

The company's practice is to maintain its land and buildings in a state of repair and refurbishment such that the residual value is at least equal to its book value. Consequently a depreciation charge is considered to be immaterial.

Tangible fixed assets are initially recorded at cost.

Financial instruments

Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 November 2024

and 31 October 2025

4,002,276

46,799

4,049,075

DEPRECIATION

At 1 November 2024

-

46,613

46,613

Charge for year

-

47

47

At 31 October 2025

-

46,660

46,660

NET BOOK VALUE

At 31 October 2025

4,002,276

139

4,002,415

At 31 October 2024

4,002,276

186

4,002,462

Cost or valuation at 31 October 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2007

1,500,000

-

1,500,000

Valuation in 2011

295,000

-

295,000

Cost

2,207,276

46,799

2,254,075

4,002,276

46,799

4,049,075

If land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

3,109,529

3,109,529

Land and buildings were valued on an open market basis on 31 October 2011 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments and accrued income

5,017

7,480

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

23,911

30,201

Taxation and social security

14,036

2,374

Other creditors

1,671,554

1,683,320

Accruals and deferred income

3,593

6,750

1,713,094

1,722,645

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Mortgage loans

1,169,541

1,169,541

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage loans

1,169,541

1,169,541

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage loans

1,169,541

1,169,541

Mortgage borrowings are secured by legal charges over the company's land and buildings.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Revaluation

reserve

£

At 1 November 2024

and 31 October 2025

786,747