REGISTERED NUMBER: 10515344 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

MERCURY DESIGN & BUILD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Blake-Herbert

G K Green

A V Huff

I P Rhodes

C A Hobbs

SECRETARY:

S Jeewa

REGISTERED OFFICE:

Town Hall

Main Road

Romford

Essex

RM1 3BB

REGISTERED NUMBER:

10515344 (England and Wales)

SENIOR STATUTORY AUDITOR:

Shahid Hameed FCA FCCA

AUDITORS:

THP Limited

Chartered Accountants

and Statutory Auditors

34-40 High Street

Wanstead

London

E11 2RJ

CURRENT ASSETS

Debtors

4

-

754,900

Cash at bank

53,931

4,099

53,931

758,999

CREDITORS

Amounts falling due within one year

5

199,956

850,825

NET CURRENT LIABILITIES

(146,025

)

(91,826

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(146,025

)

(91,826

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(146,125

)

(91,926

)

SHAREHOLDERS' FUNDS

(146,025

)

(91,826

)

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 9 September 2026 and were signed on its behalf by:

C A Hobbs - Director

1.	STATUTORY INFORMATION

Mercury Design & Build 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern

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.

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the deficit in shareholders' funds, as the Company continues to receive financial support from its parent company, Mercury Land Holdings Limited.

The parent company has confirmed its intention to continue providing financial support to the Company, including funding as required, and has provided a written confirmation that it will make available such financial support as may be necessary to enable the Company to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned companies within the group.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for Real Estate design & build and other consultancy services supplied, net of discounts and value added taxes. Where a project has only been partially completed at the balance sheet date revenue represents the value of the services supplied to date based on a proportion of the total consideration at completion.

Revenue is recognised in the accounting period in which the services were rendered.

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

VAT

-

51,299

Prepayments and accrued income

-

703,601

-

754,900

Accrued income in the previous year related to the work done at year end but not invoiced until after the year end.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

184,430

79,722

Amounts owed to group undertakings

4,495

764,272

VAT

4,200

-

Accruals and deferred income

6,831

6,831

199,956

850,825

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Shahid Hameed FCA FCCA (Senior Statutory Auditor)

for and on behalf of THP Limited

8.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Mercury Land Holdings Limited which is itself owned by The London Borough of Havering. The registered office of Mercury Land Holdings Limited is the same as the company's registered office.

The consolidated accounts of Mercury Land Holdings Limited are available to the public and may be obtained from Companies House.

The ultimate parent undertaking and ultimate controlling entity is considered to be The London Borough of Havering. Group financial statements can be obtained from:

The London Borough of Havering

Town Hall

Main Road

Romford

RM1 3BD