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Registered number: 13740628
Merlion Property Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13740628
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 95,810 150,559
Tangible Assets 5 962 1,894
Investments 6 100 100
96,872 152,553
CURRENT ASSETS
Debtors 7 1,599,402 4,706,599
Cash at bank and in hand 2,639 444
1,602,041 4,707,043
Creditors: Amounts Falling Due Within One Year 8 (95,457 ) (2,912,645 )
NET CURRENT ASSETS (LIABILITIES) 1,506,584 1,794,398
TOTAL ASSETS LESS CURRENT LIABILITIES 1,603,456 1,946,951
Creditors: Amounts Falling Due After More Than One Year 9 (2,303,048 ) (2,203,798 )
NET LIABILITIES (699,592 ) (256,847 )
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account (699,602 ) (256,857 )
SHAREHOLDERS' FUNDS (699,592) (256,847)
Page 1
Page 2
For the year ending 30 April 2026 the company was entitled to exemption from audit 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Christine Evans
Director
15/05/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Merlion Property Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13740628 . The registered office is Old Thurlow, Golf Road, Felixstowe, Suffolk, IP11 7NB.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery SL Over 5 Years - 20%
Computer Equipment SL Over 3 Years - 33%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2025 273,743
As at 30 April 2026 273,743
Amortisation
As at 1 May 2025 123,184
Provided during the period 54,749
As at 30 April 2026 177,933
Net Book Value
As at 30 April 2026 95,810
As at 1 May 2025 150,559
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2025 1,990 1,600 3,590
As at 30 April 2026 1,990 1,600 3,590
Depreciation
As at 1 May 2025 763 933 1,696
Provided during the period 398 534 932
As at 30 April 2026 1,161 1,467 2,628
Net Book Value
As at 30 April 2026 829 133 962
As at 1 May 2025 1,227 667 1,894
Page 4
Page 5
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 May 2025 100
As at 30 April 2026 100
Provision
As at 1 May 2025 -
As at 30 April 2026 -
Net Book Value
As at 30 April 2026 100
As at 1 May 2025 100
The investment in Subsidaries of £100 relates to the 100% shareholding of Pertwee Park Ltd.
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 5,000 10,000
Other debtors 1 2
Corporation tax recoverable assets 44,720 -
Directors' loan accounts 269,004 394,643
Amounts owed by subsidiaries 1,189,888 4,166,783
1,508,613 4,571,428
Due after more than one year
Corporation tax recoverable assets 90,789 135,171
1,599,402 4,706,599
The loan due from the subsidary is unsecure, interest free and repayable on demand.
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 430 520
Bank loans and overdrafts - 262,131
Other loans - 2,428,048
Corporation tax 338 125,171
Other taxes and social security - 209
VAT 2,442 4,546
Other creditors 91,270 91,270
Accruals and deferred income 950 750
Directors' loan accounts 27 -
95,457 2,912,645
Page 5
Page 6
The loan included in other loans is unsecured, interest free and repayable on demand.
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 2,203,798
Other loans 2,303,048 -
2,303,048 2,203,798
10. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Bank loans and overdrafts - 2,465,928
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 10 10
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2025 Amounts advanced Amounts repaid Amounts written off As at 30 April 2026
£ £ £ £ £
Mr Mark Evans 268,004 1,000 - - 269,004
The above loans are unsecured, interest free and repayable on demand.
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