b'110 Mercia Asset Management PLC Annual Report and Accounts 2021Company balance sheetAs at 31 March 2021as at As at31 March 31 March2021 2020Note 000 000assetsnon-current assetsProperty, plant and equipment 38 100 115Right-of-use assets 39 457 597Investments in subsidiary undertakings 40 49,133 40,133Trade and other receivables 41 80,000 91,000total non-current assets 129,690 131,845current assetsTrade and other receivables 41 263 530Short-term liquidity investments 234 6,215Cash at bank and in hand 26,732 16,669total current assets 27,229 23,414total assets 156,919 155,259current liabilitiesTrade and other payables 42 (853) (1,058)Lease liabilities 43 (122) (117)total current liabilities (975) (1,175)non-current liabilitiesLease liabilities 43 (351) (473)total non-current liabilities (351) (473)total liabilities (1,326) (1,648)net assets 155,593 153,611equityIssued share capital 44 4 4Share premium 44 81,644 81,644Other distributable reserve 45 69,560 70,000Retained earnings 1,977 98Share-based payments reserve 2,408 1,865total equity 155,593 153,611The Companys profit for the year was 1,879,000 (2020: 3,662,000).The notes on pages 112 to 117 are an integral part of these financial statements.The Company financial statements of Mercia Asset Management PLC, registered number 09223445, on pages 110 to 117 were approved by the Board of Directors and authorised for issue on 5 July 2021. They were signed on its behalf by:Dr Mark Payton Martin GlanfieldChief Executive OfficerChief Financial Officer'