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REGISTERED NUMBER: 02781630 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

MERIDETH TRENT LIMITED

MERIDETH TRENT LIMITED (REGISTERED NUMBER: 02781630)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERIDETH TRENT LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: Mr G Vassilopoulos
Mr A Vassilopoulos



REGISTERED OFFICE: c/o Thorne Lancaster Parker
5th Floor, Palladium House
1-4 Argyll Street
London
W1F 7TA



REGISTERED NUMBER: 02781630 (England and Wales)



ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA



BANKERS: HSBC Bank Plc
186 Baker Street
London
NW1 5RU

MERIDETH TRENT LIMITED (REGISTERED NUMBER: 02781630)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 730,649 510,766

CURRENT ASSETS
Debtors 6 113,005 108,853
Cash at bank and in hand 148,335 252,533
261,340 361,386
CREDITORS
Amounts falling due within one year 7 (894,564 ) (823,827 )
NET CURRENT LIABILITIES (633,224 ) (462,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,425

48,325

PROVISIONS FOR LIABILITIES 9 (5,157 ) (6,126 )
NET ASSETS 92,268 42,199

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 92,266 42,197
SHAREHOLDERS' FUNDS 92,268 42,199

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MERIDETH TRENT LIMITED (REGISTERED NUMBER: 02781630)

Balance Sheet - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





Mr A Vassilopoulos - Director


MERIDETH TRENT LIMITED (REGISTERED NUMBER: 02781630)

Notes to the Financial Statements
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Merideth Trent Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is the total amount receivable, excluding value added tax, for services provided in the ordinary course of business.

Revenue is recognised when the company has the right to consideration and the amount can be reasonably ascertained.

Property, plant and equipment
Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows;

Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

MERIDETH TRENT LIMITED (REGISTERED NUMBER: 02781630)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets

Trade debtors and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade creditors, accruals and directors' current accounts are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MERIDETH TRENT LIMITED (REGISTERED NUMBER: 02781630)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 1,175,573 105,019 113,574 1,394,166
Additions 349,319 - 899 350,218
At 31 December 2024 1,524,892 105,019 114,473 1,744,384
DEPRECIATION
At 1 January 2024 703,597 95,419 84,384 883,400
Charge for year 123,195 2,552 4,588 130,335
At 31 December 2024 826,792 97,971 88,972 1,013,735
NET BOOK VALUE
At 31 December 2024 698,100 7,048 25,501 730,649
At 31 December 2023 471,976 9,600 29,190 510,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 68,382 65,202
Other debtors 22,262 16,998
Prepayments and accrued income 22,361 26,653
113,005 108,853

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 69,440 93,610
Social security and other taxes 57,765 36,614
Other creditors 753,672 681,093
Directors' current accounts 3,760 3,760
Accruals and deferred income 9,927 8,750
894,564 823,827

MERIDETH TRENT LIMITED (REGISTERED NUMBER: 02781630)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


8. FINANCIAL INSTRUMENTS

The company has the following financial instruments:-

2024 2023
£ £
Financial assets that are debt instruments measured at
amortised cost:-

- Amount owed by group undertakings 68,382 65,202
- Other debtors 22,262 16,998
- Prepayments and accrued income 22,361 26,653
113,005 108,853

2024 2023
£ £
Financial liabilities measured at amortised cost:-

- Trade creditors 69,440 93,610
- Social security and other taxes 57,765 36,614
- Other creditors 753,672 681,093
- Directors' current accounts 3,760 3,760
- Accruals and deferred income 9,927 8,750
894,564 823,827




9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,157 6,126

Deferred
tax
£   
Balance at 1 January 2024 6,126
Movements in the year (969 )
Balance at 31 December 2024 5,157

The provision for deferred taxation is made up of accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

MERIDETH TRENT LIMITED (REGISTERED NUMBER: 02781630)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


11. RELATED PARTY DISCLOSURES

At the end of the year the company was provided a loan in the sum of £3,760 (2023: £3,760) by Mr G Vassilopoulos, a director. This loan is repayable on demand.

At the end of the year an amount of £68,382 (2023: £65,202) was owed by the parent company, Fulham Investments Limited. This amount is unsecured, interest free and is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Fulham Investments Limited.