Merchant Park Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14235396

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		5,716,402		-

			5,716,402		-
CURRENT ASSETS
Stocks	5	-		2,286,206
Debtors	6	8,144		193,238
Cash at bank and in hand		50,456		17,865

		58,600		2,497,309
Creditors: Amounts Falling Due Within One Year	7	(1,396,269 )		(1,380,276 )

NET CURRENT ASSETS (LIABILITIES)			(1,337,669 )		1,117,033

TOTAL ASSETS LESS CURRENT LIABILITIES			4,378,733		1,117,033

Creditors: Amounts Falling Due After More Than One Year	8		(4,723,866 )		(1,117,423 )

NET LIABILITIES			(345,133 )		(390 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(345,233 )		(490 )

SHAREHOLDERS' FUNDS			(345,133)		(390)

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Merchant Park Developments Limited

Balance Sheet (continued)

As At 31 March 2026

For the 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.

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

Mr Michael Chicken

Director

07/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Merchant Park Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14235396 . The registered office is 4 Newburgh Street, London, W1F 7RF.

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. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Investment Property

	2026
	£
Fair Value
As at 1 April 2025	-
Additions	5,716,402

As at 31 March 2026	5,716,402

On the 1 April 2025 the Company transferred development expenditure of £2,286,206 previously included within in work in progress to investment property. Subsequent development expenditure (£3,430,196) has been capitilised to investment property. The transfer on 1st April 2025 was recognised at market value, which at the time was considered by the Directors to be equal to the cost of work in progress incurred to date.

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Merchant Park Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Stocks

	2026	2025
	£	£
Work in progress	-	2,286,206

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	8,144	193,238

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	8,358	808,270
Amounts owed to participating interests	566,406	565,006
Other creditors	821,505	7,000

	1,396,269	1,380,276

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other loans	4,723,866	1,117,423

Included within creditors are borrowings from FW Capital (2026 : £4,723,866, 2025 : £1,117,423). The loan is secured by a debenture over the assets of the company and a first legal charge over the company's freehold property. Included within the 2026 balance is accrued interest of £321,966 (2025 : £nil). The interest is capitilised in accordance with the facility agreement and becomes payables together with the principal balance.

9. Share Capital

	2026	2025
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

10. Related Party Transactions

Cliffe Property Investments Limited

Michael Chicken is a Director and 100% shareholder of Cliffe Property Investments Limited , which received project management fees of £20,000 (2025 - £14,000) during the year.

Acrehall Service Limited

Geoffrey Hunton is Director and 100% shareholder of Acrehall Service Limited which received project management fees of £8,000 (2025 -£7,000 during the year.

Lancelot Ltd

Adrian Goodall is a Director and 100% shareholder of Lancelot Ltd, whcih received project management fees of £76,000 (2025 - £49,000) during the year.

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