Mercian Kingdom Ltd iXBRL

Mercian Kingdom Ltd

Unaudited Financial Statements

for the financial year ended 31 January 2026

Mercian Kingdom Ltd

DIRECTOR AND OTHER INFORMATION


Director	Mr L Jackson


Company Registration Number	10582549


Registered Office and Business Address	C/O Locke Williams Associates LLP
	Studio 2
	50-54 St Pauls Square
	Birmingham
	United Kingdom
	B3 1QS
	United Kingdom


Accountants	Locke Williams Associates LLP
	Chartered Accountants
	Studio 2
	50-54 St Pauls Square
	Birmingham
	West Midlands
	B3 1QS
	United Kingdom

Mercian Kingdom Ltd

Company Registration Number: 10582549

BALANCE SHEET

as at 31 January 2026

		2026	2025
	Notes	£	£

Fixed Assets

Tangible assets

1,333,905

1,333,905

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Current Assets

Debtors

15,174

14,380

Cash and cash equivalents

58,926

27,288

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74,100

41,668

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Creditors: amounts falling due within one year

(1,066,165)

(1,082,849)

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Net Current Liabilities

(992,065)

(1,041,181)

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Total Assets less Current Liabilities

341,840

292,724

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Capital and Reserves

Called up share capital

100

100

Retained earnings

341,740

292,624

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Equity attributable to owners of the company

341,840

292,724

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 16 October 2026



________________________________
Mr L Jackson
Director

Mercian Kingdom Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 January 2026

General Information

Mercian Kingdom Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 10582549. The registered office of the company is C/O Locke Williams Associates LLP, Studio 2, 50-54 St Pauls Square, Birmingham, United Kingdom, B3 1QS, United Kingdom which is also the principal place of business of the company. investment properties. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 January 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

The policies adopted for the recognition of turnover are as follows:

Rents receivable: Turnover from property rentals is recognised when receivable in accordance with the lease agreements.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including the director, during the financial year was NIL, (2025 - NIL).


4.	Tangible assets
		Investment	Total
		properties

		£	£
	Cost
	At 1 February 2025	1,333,905	1,333,905
		─────────	─────────

	At 31 January 2026	1,333,905	1,333,905
		─────────	─────────
	Depreciation
	At 1 February 2025	-	-
		─────────	─────────
	At 31 January 2026	-	-
		─────────	─────────
	Net book value
	At 31 January 2026	1,333,905	1,333,905
		═════════	═════════
	At 31 January 2025	1,333,905	1,333,905
		═════════	═════════

Fair Value of Investment Property

On review of the general market conditions prevailing at the balance sheet date, the director is of the

opinion that the fair value of investment properties is not materially different from historic cost.


6.	Debtors	2026	2025
		£	£

	Amounts owed by related parties	13,937	13,937
	Prepayments and accrued income	1,237	443
		─────────	─────────
		15,174	14,380
		═════════	═════════


7.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Taxation	16,372	18,320
	Director's current account	1,037,712	1,061,712
	Other creditors	168	-
	Accruals	11,913	2,817
		─────────	─────────
		1,066,165	1,082,849
		═════════	═════════