1 August 2023 v2025.19.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsexbrli:purexbrli:sharesiso4217:GBP053448022023-08-012024-07-31053448022024-07-3105344802bus:Director12023-08-012024-07-3105344802bus:RegisteredOffice2023-08-012024-07-31053448022022-08-012023-07-3105344802core:RetainedEarningsAccumulatedLosses2023-08-0105344802core:RetainedEarningsAccumulatedLosses2022-08-0105344802core:RetainedEarningsAccumulatedLosses2022-08-012023-07-3105344802core:RetainedEarningsAccumulatedLosses2024-07-3105344802core:RetainedEarningsAccumulatedLosses2023-07-31053448022023-07-3105344802core:WithinOneYear2024-07-3105344802core:WithinOneYear2023-07-3105344802core:AfterOneYear2024-07-3105344802core:AfterOneYear2023-07-3105344802core:ShareCapital2024-07-3105344802core:ShareCapital2023-07-3105344802core:LandBuildings2023-08-0105344802core:PlantMachinery2023-08-01053448022023-08-0105344802core:LandBuildings2023-08-012024-07-3105344802core:LandBuildings2024-07-3105344802core:PlantMachinery2024-07-3105344802core:PlantMachinery2023-08-012024-07-3105344802core:LandBuildings2023-07-3105344802core:PlantMachinery2023-07-310534480212023-08-012024-07-3105344802countries:EnglandWales2023-08-012024-07-3105344802bus:AuditExemptWithAccountantsReport2023-08-012024-07-3105344802bus:PrivateLimitedCompanyLtd2023-08-012024-07-3105344802bus:SmallEntities2023-08-012024-07-3105344802bus:FullAccounts2023-08-012024-07-31
Company registration number:
05344802
Meridian Investments Manchester Limited
Unaudited Financial Statements for the year ended
31 July 2024
Meridian Investments Manchester Limited
Officers and Professional Advisers
Year ended
31 July 2024
Director
Z Mahmood
Registered office
73 York Street
Heywood
OL10 4NR
England
Accountant
Levell & Co Limited
Suite 25 Peel House
30 The Downs
Altrincham
WA14 2PX
United Kingdom
Meridian Investments Manchester Limited
Director's Report
Year ended
31 July 2024
The director presents the report and the unaudited
financial statements
of the company for the year ended 31 July 2024.

Directors

The director who served the company during the year was as follows:
Z Mahmood

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
4 April 2025
and signed on behalf of the board by:
Z Mahmood
Director
Meridian Investments Manchester Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Meridian Investments Manchester Limited
Year ended
31 July 2024
As described on the statement of financial position, the Board of Directors of
Meridian Investments Manchester Limited
are responsible for the preparation of the
financial statements
for the year ended
31 July 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Levell & Co Limited
Suite 25 Peel House
30 The Downs
Altrincham
WA14 2PX
United Kingdom
Date:
4 April 2025
Meridian Investments Manchester Limited
Income Statement
Year ended
31 July 2024
20242023
££
Administrative expenses
(22,472
)
33,039
 
Other operating income
663,000
 
380,330
 
Operating profit
640,528
 
413,369
 
Interest payable and similar expenses
(586,766
)
(407,296
)
Profit before tax
53,762
 
6,073
 
Tax on profit
(10,497
)
(618
)
Profit for the financial year
43,265
 
5,455
 
The company has no other recognised items of income or expense other than the results for the year as set out above.
Meridian Investments Manchester Limited
Statement of Income and Retained Earnings
Year ended
31 July 2024
20242023
££
Retained earnings at the start of the year
165,682
 
170,227
 
Profit for the financial year
43,265
 
5,455
 
Dividends declared and paid or payable during the year -  
(10,000
)
Retained earnings at the end of the year
208,947
 
165,682
 
Meridian Investments Manchester Limited
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 5
11,157,600
 
11,387,564
 
Current assets    
Debtors 6
256,935
  -  
Cash at bank and in hand
64,461
 
13,373
 
321,396
 
13,373
 
Creditors: amounts falling due within one year 7
(20,622
)
(15,743
)
Net current assets/(liabilities)
300,774
 
(2,370
)
Total assets less current liabilities 11,458,374   11,385,194  
Creditors: amounts falling due after more than one year 8
(11,249,426
)
(11,219,511
)
Net assets
208,948
 
165,683
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
208,947
 
165,682
 
Shareholders funds
208,948
 
165,683
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
4 April 2025
, and are signed on behalf of the board by:
Z Mahmood
Director
Company registration number:
05344802
Meridian Investments Manchester Limited
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
73 York Street
,
Heywood
,
OL10 4NR
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 August 2023
11,303,741
 
89,173
 
11,392,914
 
Disposals
(224,935
) -  
(224,935
)
At
31 July 2024
11,078,806
 
89,173
 
11,167,979
 
Depreciation      
At
1 August 2023
-  
5,350
 
5,350
 
Charge -  
5,029
 
5,029
 
At
31 July 2024
-  
10,379
 
10,379
 
Carrying amount      
At
31 July 2024
11,078,806
 
78,794
 
11,157,600
 
At 31 July 2023
11,303,741
 
83,823
 
11,387,564
 

6 Debtors

20242023
££
Other debtors
256,935
  -  

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,000
 
10,000
 
Taxation and social security
10,497
 
618
 
Other creditors
125
 
5,125
 
20,622
 
15,743
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
8,254,372
 
8,364,342
 
Other creditors
2,995,054
 
2,855,169
 
11,249,426
 
11,219,511
 

9 Guarantees and other financial commitments

The loans due more than one year are secured by charges over the properties.