IRIS Accounts Production v25.1.4.42 05955825 Board of Directors Board of Directors Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 1.7.2025 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059558252023-12-31059558252024-12-31059558252024-01-012024-12-31059558252022-12-31059558252023-01-012023-12-31059558252023-12-3105955825ns15:EnglandWales2024-01-012024-12-3105955825ns14:PoundSterling2024-01-012024-12-3105955825ns10:Director12024-01-012024-12-3105955825ns10:Director22024-01-012024-12-3105955825ns10:Director32024-01-012024-12-3105955825ns10:Director42024-01-012024-12-3105955825ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105955825ns10:SmallEntities2024-01-012024-12-3105955825ns10:Audited2024-01-012024-12-3105955825ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105955825ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105955825ns10:FullAccounts2024-01-012024-12-310595582512024-01-012024-12-3105955825ns10:CompanySecretary12024-01-012024-12-3105955825ns10:RegisteredOffice2024-01-012024-12-3105955825ns5:CurrentFinancialInstruments2024-12-3105955825ns5:CurrentFinancialInstruments2023-12-3105955825ns5:ShareCapital2024-12-3105955825ns5:ShareCapital2023-12-3105955825ns5:RetainedEarningsAccumulatedLosses2024-12-3105955825ns5:RetainedEarningsAccumulatedLosses2023-12-3105955825ns5:NetGoodwill2024-01-012024-12-3105955825ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3105955825ns5:NetGoodwill2023-12-3105955825ns5:NetGoodwill2024-12-3105955825ns5:NetGoodwill2023-12-3105955825ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3105955825ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3105955825ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3105955825ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3105955825ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105955825ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105955825ns5:WithinOneYear2024-12-3105955825ns5:WithinOneYear2023-12-3105955825ns5:BetweenOneFiveYears2024-12-3105955825ns5:BetweenOneFiveYears2023-12-3105955825ns5:AllPeriods2024-12-3105955825ns5:AllPeriods2023-12-3105955825ns5:AcceleratedTaxDepreciationDeferredTax2024-12-3105955825ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3105955825ns5:DeferredTaxation2023-12-3105955825ns5:DeferredTaxation2024-12-31
REGISTERED NUMBER: 05955825 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MERIDIAN MORTGAGES LIMITED

MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

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


MERIDIAN MORTGAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr G E Bell
Mr D G Walton
Mr Z E Evatt
Mr A W Warren



SECRETARY: Mrs R Bell



REGISTERED OFFICE: 68 Pullman Road
Wigston
Leicester
Leicestershire
LE18 2DB



REGISTERED NUMBER: 05955825 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Harrison BA(Hons) FCA



AUDITORS: Mark J Rees LLP Chartered Accountants
Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU

MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,058 44,147
32,058 44,147

CURRENT ASSETS
Debtors 6 749,740 708,090
Cash at bank 659,807 590,296
1,409,547 1,298,386
CREDITORS
Amounts falling due within one year 7 74,242 78,232
NET CURRENT ASSETS 1,335,305 1,220,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,367,363

1,264,301

PROVISIONS FOR LIABILITIES 9 1,758 2,284
NET ASSETS 1,365,605 1,262,017

CAPITAL AND RESERVES
Called up share capital 131,000 131,000
Retained earnings 1,234,605 1,131,017
SHAREHOLDERS' FUNDS 1,365,605 1,262,017

MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:




Mr G E Bell - Director Mr D G Walton - Director




Mr Z E Evatt - Director Mr A W Warren - Director


MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Meridian Mortgages 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Insurance income taken at the outset of the policy is charged directly to the profit and loss account, however in the event of cancellation there is potential for claw back of the fees.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements-Straight line over the period of the lease
Fixtures and fittings-15% reducing balance

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.


MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Rents received
Rental income is recognised on the lease of 68 Pullman Road, Leicester, LE18 2DB. The rents are recognised over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 70,000
AMORTISATION
At 1 January 2024
and 31 December 2024 70,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Leasehold
improvements
£   
COST
At 1 January 2024
and 31 December 2024 110,409
DEPRECIATION
At 1 January 2024 66,262
Charge for year 12,089
At 31 December 2024 78,351
NET BOOK VALUE
At 31 December 2024 32,058
At 31 December 2023 44,147

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 715,596 671,467
Other debtors 34,144 36,623
749,740 708,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 54
Taxation and social security 39,714 43,717
Other creditors 34,528 34,461
74,242 78,232

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 50,000 50,000
Between one and five years 37,500 87,500
87,500 137,500

MERIDIAN MORTGAGES LIMITED (REGISTERED NUMBER: 05955825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,758 2,284

Deferred
tax
£   
Balance at 1 January 2024 2,284
Movement (526 )
Balance at 31 December 2024 1,758

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Harrison BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

11. ULTIMATE CONTROLLING PARTY

The company's parent and ultimate controlling parent is Meridian Holdings Group Ltd owning 100% of the shares in Meridian Mortgages Limited. The registered address for Meridian Holdings Group Limited is 68 Pullman Road, Wigston, Leicester, LE18 2DB.