Merak Holdings (NI) Limited NI661316 true 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is acting as a holding company of trading subsidiaries providing cleaning services in the UK to both public sector and commercial clients. Digita Accounts Production Advanced 6.30.9574.0 true D J Seaton R J J Barnes K Stevens M P James true NI661316 2024-01-01 2024-12-31 NI661316 2024-12-31 NI661316 bus:OrdinaryShareClass1 2024-12-31 NI661316 bus:OrdinaryShareClass2 2024-12-31 NI661316 bus:OrdinaryShareClass3 2024-12-31 NI661316 core:ShareCapital 2024-12-31 NI661316 core:CurrentFinancialInstruments 2024-12-31 NI661316 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 NI661316 bus:FRS102 2024-01-01 2024-12-31 NI661316 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI661316 bus:FullAccounts 2024-01-01 2024-12-31 NI661316 bus:RegisteredOffice 2024-01-01 2024-12-31 NI661316 bus:CompanySecretary1 2024-01-01 2024-12-31 NI661316 bus:Director2 2024-01-01 2024-12-31 NI661316 bus:Director3 2024-01-01 2024-12-31 NI661316 bus:Director4 2024-01-01 2024-12-31 NI661316 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 NI661316 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 NI661316 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 NI661316 bus:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 NI661316 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI661316 1 2024-01-01 2024-12-31 NI661316 countries:NorthernIreland 2024-01-01 2024-12-31 NI661316 2023-01-01 2023-12-31 NI661316 2023-12-31 NI661316 bus:OrdinaryShareClass1 2023-12-31 NI661316 bus:OrdinaryShareClass2 2023-12-31 NI661316 bus:OrdinaryShareClass3 2023-12-31 NI661316 core:ShareCapital 2023-12-31 NI661316 core:CurrentFinancialInstruments 2023-12-31 NI661316 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI661316

Merak Holdings (NI) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Merak Holdings (NI) Limited

Profit and Loss Account for the Year Ended 31 December 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Merak Holdings (NI) Limited

(Registration number: NI661316)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

1,148

1,148

Capital and reserves

 

Called up share capital

4

1,148

1,148

Shareholders' funds

 

1,148

1,148

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 11 May 2025 and signed on its behalf by:
 

.........................................
D J Seaton
Director

 

Merak Holdings (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
Jefferson House
Queen Street
Belfast
BT1 6HL
Northern Ireland

These financial statements were authorised for issue by the Board on 11 May 2025.

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.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

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.

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.

 

Merak Holdings (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

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.

3

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

1,148

1,148

   

1,148

1,148

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £0.10 each

10,280

1,028

10,280

1,028

Ordinary share capital B of £0.10 each

280

28

280

28

Ordinary share capital C of £0.10 each

915

92

915

92

11,475

1,148

11,475

1,148

 

Merak Holdings (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Parent and ultimate parent undertaking

Merak UK Holdings Limited holds the entire issued share capital in the company.

 The company's immediate parent is Merak UK Holdings Limited, incorporated in England & Wales.