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Registration number: 13992787

ME23 Holding Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

ME23 Holding Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

ME23 Holding Limited

Company Information

Directors

OM Hjalmas

J L Hjalmas

Registered office

6 Merley Lane
Wimborne
Dorset
BH21 1RX

Accountants

Addicus Plus Limited
Chartered Certified Accountants4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

ME23 Holding Limited

(Registration number: 13992787)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

4

2,190,728

2,224,141

Debtors

5

185,171

235,171

 

2,375,899

2,459,312

Current assets

 

Cash at bank and in hand

 

85,203

123,824

Creditors: Amounts falling due within one year

6

(300,254)

(329,447)

Net current liabilities

 

(215,051)

(205,623)

Total assets less current liabilities

 

2,160,848

2,253,689

Creditors: Amounts falling due after more than one year

6

(1,763,553)

(2,085,685)

Net assets

 

397,295

168,004

Capital and reserves

 

Called up share capital

2

2

Retained earnings

397,293

168,002

Shareholders' funds

 

397,295

168,004

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

ME23 Holding Limited

(Registration number: 13992787)
Balance Sheet as at 31 March 2025

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 July 2025 and signed on its behalf by:
 

OM Hjalmas
Director

J L Hjalmas
Director

 
     
 

ME23 Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
6 Merley Lane
Wimborne
Dorset
BH21 1RX

These financial statements were authorised for issue by the Board on 9 July 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.

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.

 

ME23 Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.

Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company during the year was 2 (2024 - 2).

4

Investments

2025
£

2024
£

Investments in subsidiaries

2,190,728

2,224,141

 

ME23 Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Subsidiaries

£

Cost or valuation

At 1 April 2024

2,224,141

Additions

(33,413)

At 31 March 2025

2,190,728

Provision

Carrying amount

At 31 March 2025

2,190,728

At 31 March 2024

2,224,141

5

Debtors

Non-current

Note

2025
£

2024
£

Amounts owed by related parties

8

185,171

235,171

   

185,171

235,171

 

ME23 Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

216,769

229,198

Trade creditors

 

108

192

Taxation and social security

 

4,750

3,167

Accruals

 

5,679

5,942

Other creditors

 

72,948

90,948

 

300,254

329,447

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

1,763,553

2,085,685

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

1,763,553

2,085,685

Current loans and borrowings

2025
£

2024
£

Other borrowings

216,769

229,198

 

ME23 Holding Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Related party transactions

Loans to related parties

2025

Subsidiary
£

Total
£

At start of period

235,171

235,171

Repaid

(50,000)

(50,000)

At end of period

185,171

185,171

2024

Subsidiary
£

Total
£

Advanced

240,000

240,000

Repaid

(4,829)

(4,829)

At end of period

235,171

235,171