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Mercer Street Security Systems Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

Mercer Street Security Systems Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Financial Statements	4 to 5

Mercer Street Security Systems Limited

Company Information

Directors

Lord J. Stevens A. C. Fletcher

Company secretary

A. C. Fletcher

Registered office

Anson House The Fleming Business Centre Burdon Terrace Jesmond Newcastle upon Tyne NE2 3AE

Bankers

Barclays Bank PLC 71 Grey Street Newcastle upon Tyne NE99 1JP

Accountants

Tait Walker LLP Chartered Accountants Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS

1

Mercer Street Security Systems Limited

(Registration number: 05742698)
Statement of Financial Position as at 31 March 2019

	Note	2019 £		2018 £
Fixed assets
Investments	3		1,363,500		1,363,500
Current assets
Cash at bank and in hand		1,507		1,507
Creditors: Amounts falling due within one year	4	(18,844)		(18,844)
Net current liabilities			(17,337)		(17,337)
Total assets less current liabilities			1,346,163		1,346,163
Creditors: Amounts falling due after more than one year	4		(1,350,000)		(1,350,000)
Net liabilities			(3,837)		(3,837)
Capital and reserves
Called up share capital		1,500		1,500
Profit and loss account		(5,337)		(5,337)
Total equity			(3,837)		(3,837)

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies' regime and the option not to file the Income Statement has been taken.

The notes on pages 4 to 5 form an integral part of these financial statements.
 

2

Mercer Street Security Systems Limited

(Registration number: 05742698)
Statement of Financial Position as at 31 March 2019 (continued)

Approved and authorised by the Board on 28 October 2019 and signed on its behalf by:
 

......................................... A. C. Fletcher Director

The notes on pages 4 to 5 form an integral part of these financial statements.
 

3

Mercer Street Security Systems Limited

Notes to the Financial Statements for the Year Ended 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is Anson House, The Fleming Business Centre, Burdon Terrace, Jesmond, Newcastle upon Tyne, NE2 3AE.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The accounts have been prepared on the going concern basis, the validity of which depends upon the continued support of the loan provider, Bet365 Group Limited.

The day to day working capital requirements are funded by the directors who are satisfied that the realisation of the companies investment will ultimately be able to repay creditors.

If the going concern basis proved not to be valid, adjustments would have to be made to restate the value of the assets to their recoverable amounts, to provide any further liabilities that may arise and reclassify fixed assets as current assets and long term liabilities as current liabilities.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

4

Mercer Street Security Systems Limited

Notes to the Financial Statements for the Year Ended 31 March 2019 (continued)

2	Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.
 
 

3	Investments

	2019 £	2018 £
Investments in associates	1,363,500	1,363,500