Mercycrowd SPV BH&Co Limited
Mercycrowd SPV BH&Co Limited
Registered number: 11385554
Unaudited Financial Statements
For the Period 1 June 2019 to 2 September 2020
Mercycrowd SPV BH&Co Limited
Unaudited Financial Statements
For the Period 1 June 2019 to 2 September 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Mercycrowd SPV BH&Co Limited
Balance Sheet
As at
2 September 2020
Balance Sheet
Registered number:
11385554
For the period ending 2 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2 September 2020 | 31 May 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 5 | 116,030 | |||
Page 1
Mercycrowd SPV BH&Co Limited
Balance Sheet (continued)
As at
2 September 2020
Directors' responsibilities:
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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
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Mercycrowd SPV BH&Co Limited
Notes to the Financial Statements
For the Period 1 June 2019 to 2 September 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The Financial Statements have been prepared under a ‘break-up’ basis which reflect the fact that the going concern assumption is not appropriate. This involves writing assets down to their net realisable value based on conditions existing at the end of the reporting period.
Under the ‘break-up’ basis, all assets are measured at net realisable value, provisions are made for all estimated costs.
1.3.
Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Dividends income
Revenue is recognised when the right to receive payment is established.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2019: 1)
3.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
50,000 |
| Disposals | (50,000) |
| As at |
- |
| Provision | |
| As at |
- |
| As at |
- |
| Net Book Value | |
| As at |
- |
| As at |
50,000 |
Page 3
Mercycrowd SPV BH&Co Limited
Notes to the Financial Statements (continued)
For the Period 1 June 2019 to 2 September 2020
4.
Debtors
| 2 September 2020 | 31 May 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| 2 September 2020 | 31 May 2019 | ||
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| £ | £ | ||
| Accruals and deferred income |
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6.
Share Capital
| 2 September 2020 | 31 May 2019 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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7.
General Information
Mercycrowd SPV BH&Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11385554 . The registered office is C/O Elite Crowdfunding Limited, Chester House,1st Floor, Office 101, 81-83 Fulham High Street, Fulham Green, London, SW6 3JA.
Page 4