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Registration number: 07201736

Meah Holdings Limited

Annual Report and Financial Statements

for the Year Ended 29 February 2024

 

Meah Holdings Limited

Contents

Company Information

1

Strategic Report

2

Director's Report

3

Statement of Director's Responsibilities

4

Independent Auditor's Report

5 to 7

Profit and Loss Account and Statement of Retained Earnings

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11 to 21

 

Meah Holdings Limited

Company Information

Director

Mr James Meah

Registered office

Unit J
Maple Drive
Hinckley
LE10 3BE

Auditors

Azets Audit Services
Chartered Accountants
St. David's Court
Union Street
Wolverhampton
WV1 3JE

 

Meah Holdings Limited

Strategic Report for the Year Ended 29 February 2024

The director presents his strategic report for the year ended 29 February 2024.

Principal activity

The principal activity of the company is is that of a holding company with the principal activity of the groups main subsidiary being the manufacture, supply and installation of UPVC windows and doors.

Fair review of the business

Meah Holdings Ltd is the holding Company for Burbage Custom Windows Limited.
The Company received dividends, management charges and rental income during the period and paid out dividends to shareholders.

The company's key financial and other performance indicators during the year were as follows:

As a holding Company there are no financial or non-financial performance indicators.

Principal risks and uncertainties

Risk is regularly reviewed and monitored by the Directors as they consider effective risk management is key to the future success of the Company.
As a holding Company there has been no negative impact by the current economic climate.
On review of the Company’s budget and forecasts, the Directors have a reasonable expectation that the Company has adequate resources to continue in operation for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial information.

Approved and authorised by the director on 18 December 2024
 

.........................................
Mr James Meah
Director

 

Meah Holdings Limited

Director's Report for the Year Ended 29 February 2024

The director presents his report and the financial statements for the year ended 29 February 2024.

Director of the company

The directors who held office during the year were as follows:

Mr James Meah

Mrs Lynne Meah - Chairman (ceased 29 August 2023)

Dividends

Disclosure of information to the auditors

The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.

Approved and authorised by the director on 18 December 2024
 

.........................................
Mr James Meah
Director

 

Meah Holdings Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Meah Holdings Limited

Independent Auditor's Report to the Members of Meah Holdings Limited

We have audited the financial statements of Meah Holdings Limited (the 'company') for the year ended 29 February 2024 which comprise the profit and loss account and statement of retained earnings, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 29 February 2024 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
 

 

Meah Holdings Limited

Independent Auditor's Report to the Members of Meah Holdings Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of director's remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the Statement of Director's Responsibilities [set out on page 4], the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

 

Meah Holdings Limited

Independent Auditor's Report to the Members of Meah Holdings Limited

 

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

· Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
· Reviewing minutes of meetings of those charged with governance;
· Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;
· Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
· Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Lee Meredith BFP ACA (Senior Statutory Auditor)
For and on behalf of Azets Audit Services, Chartered Accountants

St. David's Court
Union Street
Wolverhampton
WV1 3JE

19 December 2024

 

Meah Holdings Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 29 February 2024

Note

2024
£

2023
£

Turnover

3

50,000

110,743

Other operating income

4

144,000

480,000

Employee benefits expense

 

(103,195)

(98,470)

Depreciation and amortisation expense

 

(13,676)

(15,028)

Other expenses

 

(26,297)

(84,790)

Other (losses)/gains

5

(9,346)

9,000

Operating profit

6

41,486

401,455

Income from shares in group undertakings

 

1,500,000

1,600,000

Other interest receivable and similar income

7

10,243

5,031

Interest payable and similar charges

8

(1,937)

-

 

1,508,306

1,605,031

Profit before tax

 

1,549,792

2,006,486

Taxation

12

(15,261)

(77,963)

Profit for the year

 

1,534,531

1,928,523

Retained earnings brought forward

 

3,363,041

2,984,018

Dividends paid

 

(1,353,000)

(1,549,500)

Retained earnings carried forward

 

3,544,572

3,363,041

 

Meah Holdings Limited

(Registration number: 07201736)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

13

470,362

484,037

Investment property

14

-

529,000

Investments

15

110

110

 

470,472

1,013,147

Current assets

 

Debtors

16

5,119,438

2,215,763

Cash at bank and in hand

 

115,090

1,531,614

 

5,234,528

3,747,377

Creditors: Amounts falling due within one year

18

(2,160,328)

(1,397,383)

Net current assets

 

3,074,200

2,349,994

Net assets

 

3,544,672

3,363,141

Capital and reserves

 

Called up share capital

100

100

Retained earnings

3,544,572

3,363,041

Shareholders' funds

 

3,544,672

3,363,141

Approved and authorised by the director on 18 December 2024
 

.........................................
Mr James Meah
Director

 

Meah Holdings Limited

Statement of Changes in Equity for the Year Ended 29 February 2024

Share capital
£

Retained earnings
£

Total
£

At 1 March 2023

100

3,363,041

3,363,141

Profit for the year

-

1,534,531

1,534,531

Dividends

-

(1,353,000)

(1,353,000)

At 29 February 2024

100

3,544,572

3,544,672

Share capital
£

Retained earnings
£

Total
£

At 1 September 2021

100

2,984,018

2,984,118

Profit for the year

-

1,928,523

1,928,523

Dividends

-

(1,549,500)

(1,549,500)

At 28 February 2023

100

3,363,041

3,363,141

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

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:
Unit J
Maple Drive
Hinckley
LE10 3BE
England

These financial statements were authorised for issue by the director on 18 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

This company is a qualifying entity for the purposes of FRS102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit and loss of the group.
The company has therefore taken advantage of exemptions from the following disclosure requirements:
• Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;
• Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues: The disclosure requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b), 11.48(c), 12.26, 12.27, 12.29(a), 12.29(b), and 12.29A:
• Section 33 'Related Party Disclosures': Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of its ultimate parent JM Properties & Investments Ltd. These consolidated financial statements are available from The Registrar of Companies, Cardiff.

The Company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Presentation currency and level of rounding
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Land & buildings

50 years straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from banks and other third parties and loans to related parties.
 

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

3

Turnover

The analysis of the company's turnover for the year from continuing operations is as follows:

2024
£

2023
£

Rental income from investment property

50,000

110,743

4

Other operating income

The analysis of the company's other operating income for the year is as follows:

2024
£

2023
£

Management fees receivable

144,000

480,000

5

Other gains and losses

The analysis of the company's other gains and losses for the year is as follows:

2024
£

2023
£

(Loss)/gain from sales of investment properties

(9,346)

9,000

6

Operating profit

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

13,676

15,028

7

Other interest receivable and similar income

2024
£

2023
£

Interest income on bank deposits

5

7

Other finance income

10,238

5,024

10,243

5,031

8

Interest payable and similar expenses

2024
£

2023
£

Interest expense on other finance liabilities

1,937

-

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

9

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2024
£

2023
£

Wages and salaries

45,533

28,800

Social security costs

99

1,707

Other short-term employee benefits

7,373

10,713

Pension costs, defined contribution scheme

49,110

57,250

Other employee expense

1,080

-

103,195

98,470

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

2024
No.

2023
No.

Administration and support

3

2

3

2

10

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

21,616

28,800

Contributions paid to money purchase schemes

48,000

57,250

69,616

86,050

11

Auditors' remuneration

2024
£

2023
£

Audit of the financial statements

4,500

4,000


 

12

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

15,261

77,963

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2023 - the same as the standard rate of corporation tax in the UK) of 25% (2023 - 19%).

The differences are reconciled below:

2024
£

2023
£

Profit before tax

1,549,792

2,006,486

Corporation tax at standard rate

379,544

381,232

Effect of expense not deductible in determining taxable profit (tax loss)

-

2,201

Deferred tax expense/(credit) from unrecognised tax loss or credit

245

(1,470)

Tax increase from effect of capital allowances and depreciation

2,822

-

Tax decrease from effect of dividends from UK companies

(367,350)

(304,000)

Total tax charge

15,261

77,963

13

Tangible assets

Land and buildings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

576,109

10,500

586,609

At 29 February 2024

576,109

10,500

586,609

Depreciation

At 1 March 2023

97,814

4,758

102,572

Charge for the year

11,522

2,153

13,675

At 29 February 2024

109,336

6,911

116,247

Carrying amount

At 29 February 2024

466,773

3,589

470,362

At 28 February 2023

478,295

5,742

484,037

Included within the net book value of land and buildings above is £466,773 (2023 - £478,295) in respect of freehold land and buildings.
 

14

Investment properties

2024
£

At 1 March

529,000

Disposals

(519,654)

Fair value adjustments

(9,346)

At 29 February

-

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

There has been no valuation of investment property by an independent valuer.

15

Investments

2024
£

2023
£

Investments in subsidiaries

110

110

Subsidiaries

£

Cost or valuation

At 1 March 2023

110

Provision

Carrying amount

At 29 February 2024

110

At 28 February 2023

110

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Burbage Custom Windows Limited

Unit J
Maple Drive
Hinckley
LE10 3BE

England

Ordinary

100%

100%

Subsidiary undertakings

Burbage Custom Windows Limited

The principal activity of Burbage Custom Windows Limited is is that of manufacturing and fitting of windows.

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

16

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

-

2

Amounts owed by related parties

22

4,654,904

2,109,103

Other debtors

 

464,534

106,658

   

5,119,438

2,215,763

17

Cash and cash equivalents

2024
£

2023
£

Cash at bank

115,090

1,531,614

18

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

2,291

2,947

Amounts due to related parties

22

2,106,121

1,306,919

Social security and other taxes

 

30,254

2,470

Other payables

 

-

3,084

Accruals

 

4,500

4,000

Income tax liability

12

17,162

77,963

 

2,160,328

1,397,383

19

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £49,110 (2023 - £57,250).

20

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share class 1 of £1 each

100

100

100

100

         
 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

21

Dividends

Final dividends paid

   

2024
£

 

2023
£

Final dividend of £1.00 per each Founder

 

330,000

 

270,000

Final dividend of £1.00 per each Ordinary A shares

 

603,000

 

874,500

Final dividend of £1.00 per each Ordinary B shares

 

90,000

 

135,000

Final dividend of £1.00 per each Ordinary C shares

 

90,000

 

135,000

Final dividend of £1.00 per each Ordinary D shares

 

240,000

 

135,000

   

1,353,000

 

1,549,500

22

Related party transactions

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

Transactions with the director

2024

At 1 March 2023
£

Advances to director
£

Repayments by director
£

At 29 February 2024
£

Mr James Meah

Loan to director 2

(3,084)

777,831

(420,000)

354,747

Loan to director 1

106,658

283,129

(280,000)

109,787

 

103,574

1,060,960

(700,000)

464,534

2023

At 1 September 2021
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Mr James Meah

Loan to director 2

-

313,902

(313,902)

-

Loan to director 1

102,416

274,542

(270,300)

106,658

 

102,416

588,444

(584,202)

106,658

       

 

 

Meah Holdings Limited

Notes to the Financial Statements for the Year Ended 29 February 2024

Summary of transactions with other related parties

JM Properties & Investments Ltd
(common director and shareholder)

 Transfers/payments to JM Properties & Investments Ltd £3,454,000 (2023 : £2,606,526).
Transfer/payments from JM Properties & Investments Ltd £908,199 (2023 : £874,500).
At the balance sheet date the amount due from JM Properties & Investments Ltd was £4,654,903.71 (2023 : £2,109,103).

 These amounts are interest free, unsecured, and repayable on demand.

 

Ultimate controlling party

The ultimate controlling party is Mr James John Meah by virtue of his controlling shareholding in the ultimate
parent undertaking, JM Properties & Investments Ltd, registered in England & Wales. The smallest and largest
group financial statements which include the results of the company is that headed JM Properties & Investments
Ltd, whose accounts are publicly available and can be obtained from the following address: Unit J, Maple Park, Hinckley, Leicestershire, LE10 3BE.