Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false11truetruefalse 03006177 2023-01-01 2023-12-31 03006177 2022-01-01 2022-12-31 03006177 2023-12-31 03006177 2022-12-31 03006177 c:Director1 2023-01-01 2023-12-31 03006177 d:PlantMachinery 2023-01-01 2023-12-31 03006177 d:PlantMachinery 2023-12-31 03006177 d:PlantMachinery 2022-12-31 03006177 d:FreeholdInvestmentProperty 2023-12-31 03006177 d:FreeholdInvestmentProperty 2022-12-31 03006177 d:CurrentFinancialInstruments 2023-12-31 03006177 d:CurrentFinancialInstruments 2022-12-31 03006177 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03006177 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03006177 d:ShareCapital 2023-12-31 03006177 d:ShareCapital 2022-12-31 03006177 d:InvestmentPropertiesRevaluationReserve 2023-01-01 2023-12-31 03006177 d:InvestmentPropertiesRevaluationReserve 2023-12-31 03006177 d:InvestmentPropertiesRevaluationReserve 2022-12-31 03006177 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03006177 d:RetainedEarningsAccumulatedLosses 2023-12-31 03006177 d:RetainedEarningsAccumulatedLosses 2022-12-31 03006177 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03006177 c:OrdinaryShareClass1 2023-12-31 03006177 c:OrdinaryShareClass1 2022-12-31 03006177 c:FRS102 2023-01-01 2023-12-31 03006177 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03006177 c:FullAccounts 2023-01-01 2023-12-31 03006177 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03006177 2 2023-01-01 2023-12-31 03006177 6 2023-01-01 2023-12-31 03006177 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 03006177 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 03006177 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03006177










MERIDIAN HALL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023



 
MERIDIAN HALL LIMITED
REGISTERED NUMBER:03006177

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
50
-

Investment property
 6 
700,000
700,000

  
700,050
700,000

Current assets
  

Debtors: amounts falling due within one year
 7 
1,001,379
940,055

Cash at bank and in hand
 8 
17,025
5,824

  
1,018,404
945,879

Creditors: amounts falling due within one year
 9 
(35,732)
(32,392)

Net current assets
  
 
 
982,672
 
 
913,487

Total assets less current liabilities
  
1,682,722
1,613,487

Provisions for liabilities
  

Deferred tax
 10 
(69,591)
(69,591)

  
 
 
(69,591)
 
 
(69,591)

Net assets
  
1,613,131
1,543,896


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Investment property reserve
 12 
473,193
473,193

Profit and loss account
 12 
1,138,938
1,069,703

  
1,613,131
1,543,896


Page 1

 
MERIDIAN HALL LIMITED
REGISTERED NUMBER:03006177

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Janmohamed
Director

Date: 27 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MERIDIAN HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Meridian Hall Limited is a limited liability company incorporated in England and Wales. The address of its registered office and principal place of business is Crowne Plaza Reading East, Wharfedale Road, Winnersh Triangle, Berkshire, RG41 5TS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Cash flow

The financial statements do not include a Cash Flow Statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under Section 1A of Financial Reporting Standard 102.

 
2.3

Turnover

Turnover represents amounts receivable for rent net of VAT.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
MERIDIAN HALL LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
MERIDIAN HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant & machinery

£



Cost


At 1 January 2023
3,700



At 31 December 2023

3,700



Depreciation


At 1 January 2023
3,700



At 31 December 2023

3,700



Net book value



At 31 December 2023
-



At 31 December 2022
-


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
50



At 31 December 2023
50




Page 5

 
MERIDIAN HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
700,000



At 31 December 2023
700,000

The 2023 valuations were made by the director, on an open market value for existing use basis.

The historic cost of the investment property is £226,807 (2022: £226,807).

2023
2022
£
£

Revaluation reserves


At 1 January 2023
473,193
473,193

At 31 December 2023
473,193
473,193





7.


Debtors

2023
2022
£
£


Other debtors
985,893
926,913

Prepayments and accrued income
15,486
13,142

1,001,379
940,055



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
17,025
5,824


Page 6

 
MERIDIAN HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
21,292
18,079

Other taxation and social security
601
601

Other creditors
12,200
12,150

Accruals and deferred income
1,639
1,562

35,732
32,392



10.


Deferred taxation




2023


£






At beginning of year
(69,591)



At end of year
(69,591)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Capital gains and losses
(69,591)
(69,591)

(69,591)
(69,591)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


Page 7

 
MERIDIAN HALL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Reserves

Investment property revaluation reserve

This reserve represents the unrealised gain on investment property revaluations.

Profit & loss account

This reserve represents retained earnings and accumulated losses.


13.


Related party transactions

During the year the company loaned £58,980 (2022: £95,000) to Meridian Leisure Management Limited, a company of which Mr M Janmohamed is a director. At the year end the company was owed £985,893 (2022: £926,913) by Meridian Leisure Management Limited.


14.


Controlling party

Mr M Janmohamed, the director, is considered to be the controlling party as he owns 100% of the share
capital of the company. 


Page 8