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REGISTERED NUMBER: SC704482 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

MERIDIAN HOLIDAY PROPERTIES LTD.

MERIDIAN HOLIDAY PROPERTIES LTD. (REGISTERED NUMBER: SC704482)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERIDIAN HOLIDAY PROPERTIES LTD.

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: Miss S S L Ludar-Smith
Mr G A Ludar-Smith





REGISTERED OFFICE: 30 King Street
Inverkeithing
KY11 1NB





REGISTERED NUMBER: SC704482 (Scotland)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

MERIDIAN HOLIDAY PROPERTIES LTD. (REGISTERED NUMBER: SC704482)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,642 17,795
Investment property 5 1,277,573 1,277,573
1,291,215 1,295,368

CURRENT ASSETS
Debtors 6 18 304
Cash at bank 47,421 14,122
47,439 14,426
CREDITORS
Amounts falling due within one year 7 615,080 569,345
NET CURRENT LIABILITIES (567,641 ) (554,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,574

740,449

CREDITORS
Amounts falling due after more than one
year

8

898,777

898,777
NET LIABILITIES (175,203 ) (158,328 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (175,303 ) (158,428 )
SHAREHOLDERS' FUNDS (175,203 ) (158,328 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MERIDIAN HOLIDAY PROPERTIES LTD. (REGISTERED NUMBER: SC704482)

BALANCE SHEET - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Miss S S L Ludar-Smith - Director


MERIDIAN HOLIDAY PROPERTIES LTD. (REGISTERED NUMBER: SC704482)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Meridian Holiday Properties Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MERIDIAN HOLIDAY PROPERTIES LTD. (REGISTERED NUMBER: SC704482)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023 20,935
Additions (1 )
Disposals (1,744 )
At 31 July 2024 19,190
DEPRECIATION
At 1 August 2023 3,140
Charge for year 2,408
At 31 July 2024 5,548
NET BOOK VALUE
At 31 July 2024 13,642
At 31 July 2023 17,795

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,277,573
NET BOOK VALUE
At 31 July 2024 1,277,573
At 31 July 2023 1,277,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18 304

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 979
Taxation and social security 7,551 -
Other creditors 607,529 568,366
615,080 569,345

MERIDIAN HOLIDAY PROPERTIES LTD. (REGISTERED NUMBER: SC704482)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 898,777 898,777