b'Annual Report & Accounts 2022 Mercia Asset Management PLC 105Company balance sheetAs at 31 March 2022As at As at31 March 31 March2022 2021Note 000 000AssetsNon-current assetsProperty, plant and equipment 36 106 98Right-of-use assets 37 315 456Investments in subsidiary undertakings 38 49,133 49,133Trade and other receivables 39 50,500 80,000Total non-current assets 100,054 129,687Current assetsTrade and other receivables 39 24,977 263Short-term liquidity investments 5,235 234Cash at bank and in hand 24,552 26,732 Financial statementsTotal current assets 54,764 27,229Total assets 154,818 156,916Current liabilitiesTrade and other payables 40 (1,148) (850)Lease liabilities 41 (127) (122)Total current liabilities (1,275) (972)Non-current liabilitiesLease liabilities 41 (222) (351)Total non-current liabilities (222) (351)Total liabilities (1,497) (1,323)Net assets 153,321 155,593EquityIssued share capital 42 4 4Share premium 42 81,644 81,644Other distributable reserve 43 66,919 69,560Retained earnings 1,237 1,977Share-based payments reserve 3,517 2,408Total equity 153,321 155,593The Companys loss for the year was 740,000 (2021: profit of 1,879,000).The notes on pages 107 to 112 are an integral part of these financial statements.The Company financial statements of Mercia Asset Management PLC, registered number 09223445, on pages 105 to 112 were approved by the Board of Directors and authorised for issue on 4 July 2022. They were signed on its behalf by:Dr Mark Payton Martin GlanfieldChief Executive OfficerChief Financial Officer'