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REGISTERED NUMBER: 12048116 (England and Wales)






























REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MERIDIAN HOLDINGS GROUP LTD

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Consolidated Income Statement 7

Consolidated Balance Sheet 8

Company Balance Sheet 9

Consolidated Statement of Changes in Equity 10

Company Statement of Changes in Equity 11

Notes to the Consolidated Financial Statements 12


MERIDIAN HOLDINGS GROUP LTD

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



REGISTERED OFFICE: 68 Pullman Road
Leicester
Leicestershire
LE18 2DB



REGISTERED NUMBER: 12048116 (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 HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

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

DONATIONS AND EXPENDITURE
There were donations in the year totalling £4,800.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.


MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr G E Bell - Director


30 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MERIDIAN HOLDINGS GROUP LTD


Opinion
We have audited the financial statements of Meridian Holdings Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MERIDIAN HOLDINGS GROUP LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MERIDIAN HOLDINGS GROUP LTD


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities outlined above, to detect material misstatements in respect of irregularities, including fraud.

We have evaluated the management's incentives and opportunities for fraudulent manipulation of the group financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to revenue recognition, commission provisions and significant one -off or unusual transactions.

Our audit procedures were designed to respond to these identified risks, including non compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

- A review of commission provisions and comparison to historic amounts as well as post year end transactions.
- A review of a sample of revenue streams in the year and perform cut off tests to ensure revenue recognition is correctly stated.
- A review of laws and regulations applicable to the company, specifically FCA, was then discussed with management to ensure no instances of non compliance. No evidence was found during the course of our work that contradicted this.
- Addressing the risks of fraud through management override of controls by reviewing a sample of journal entries to supporting documentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mark Harrison BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants
Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU

1 July 2025

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 7,849,319 7,034,048

Cost of sales 77,715 114,333
GROSS PROFIT 7,771,604 6,919,715

Administrative expenses 7,609,196 6,786,844
162,408 132,871

Other operating income 30,504 32,615
OPERATING PROFIT 4 192,912 165,486

Interest receivable and similar income 9,667 2,078
202,579 167,564

Interest payable and similar expenses 2,903 10,800
PROFIT BEFORE TAXATION 199,676 156,764

Tax on profit 5 122,615 106,948
PROFIT FOR THE FINANCIAL YEAR 77,061 49,816

Profit attributable to:
Owners of the parent 77,061 49,816

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

CONSOLIDATED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 259,493 534,834
Tangible assets 8 161,392 147,856
Investments 9 - -
420,885 682,690

CURRENT ASSETS
Debtors 10 265,242 150,527
Cash at bank and in hand 2,008,908 1,623,649
2,274,150 1,774,176
CREDITORS
Amounts falling due within one year 11 789,007 701,902
NET CURRENT ASSETS 1,485,143 1,072,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,906,028

1,754,964

PROVISIONS FOR LIABILITIES 13 486,403 412,400
NET ASSETS 1,419,625 1,342,564

CAPITAL AND RESERVES
Called up share capital 131,200 131,200
Retained earnings 14 1,288,425 1,211,364
1,419,625 1,342,564

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

COMPANY BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 - -
Tangible assets 8 - -
Investments 9 1,795,548 1,795,548
1,795,548 1,795,548

CURRENT ASSETS
Cash at bank 20,236 31,077

CREDITORS
Amounts falling due within one year 11 1,684,584 1,695,425
NET CURRENT LIABILITIES (1,664,348 ) (1,664,348 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,200

131,200

CAPITAL AND RESERVES
Called up share capital 131,200 131,200
131,200 131,200

Company's profit for the financial year - -

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 131,200 1,161,548 1,292,748

Changes in equity
Total comprehensive income - 49,816 49,816
Balance at 31 December 2023 131,200 1,211,364 1,342,564

Changes in equity
Total comprehensive income - 77,061 77,061
Balance at 31 December 2024 131,200 1,288,425 1,419,625

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 131,200 - 131,200

Changes in equity
Balance at 31 December 2023 131,200 - 131,200

Changes in equity
Balance at 31 December 2024 131,200 - 131,200

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

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


1. STATUTORY INFORMATION

Meridian Holdings Group Ltd 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 General 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.

Basis of consolidation
These consolidated financial statements incorporate the financial statements of the company and its wholly-owned subsidiaries. All intergroup transactions, balances, income and expenses are eliminated.

On acquisition of a subsidiary, all of the subsidiary's assets and liabilities which exist at the date of acquisition are recorded at their fair values reflecting their condition at that date.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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

Turnover represents invoiced sales of services to customers. Commissions on policies sold are recognised when mortgage contracts complete and insurance policies go on risk. Renewals commission is recognised in the period in which renewals occur.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a new subsidiary in 2021, is being amortised evenly over its estimated useful life of five years.

Other goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been fully amortised over its estimated useful life of ten years.

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

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


2. ACCOUNTING POLICIES - continued

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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 lease
Fixtures and fittings - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

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.

Government grants
Last the year the group received monies under the Coronavirus Job Retention Scheme. The amounts received are included within the accounts on an accruals basis.

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

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


2. ACCOUNTING POLICIES - continued

Provisions
A provision is recognised in the statement of financial position when the Company has a present legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

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 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was 134 (2023 - 127 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 41,246 44,050
Goodwill amortisation 251,010 251,010
Computer software amortisation 24,331 24,327

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 122,823 108,761
Prior year
UK corporation tax (5 ) 27
Total current tax 122,818 108,788

Deferred taxation (203 ) (1,840 )
Tax on profit 122,615 106,948

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

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


6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


7. INTANGIBLE FIXED ASSETS

Group
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 1,325,048 84,864 1,409,912
AMORTISATION
At 1 January 2024 823,029 52,049 875,078
Charge for year 251,010 24,331 275,341
At 31 December 2024 1,074,039 76,380 1,150,419
NET BOOK VALUE
At 31 December 2024 251,009 8,484 259,493
At 31 December 2023 502,019 32,815 534,834

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

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


8. TANGIBLE FIXED ASSETS

Group
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
COST
At 1 January 2024 110,409 282,439 392,848
Additions - 54,782 54,782
At 31 December 2024 110,409 337,221 447,630
DEPRECIATION
At 1 January 2024 66,264 178,728 244,992
Charge for year 12,089 29,157 41,246
At 31 December 2024 78,353 207,885 286,238
NET BOOK VALUE
At 31 December 2024 32,056 129,336 161,392
At 31 December 2023 44,145 103,711 147,856

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 1,795,548
NET BOOK VALUE
At 31 December 2024 1,795,548
At 31 December 2023 1,795,548

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

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


9. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Meridian Mortgages Limited
Registered office:
Nature of business: Mortgage brokering and related insurances.
%
Class of shares: holding
Ordinary 100.00

Meridian (Leicester) Limited
Registered office:
Nature of business: Mortgage brokering and related insurances.
%
Class of shares: holding
Ordinary 100.00

Metro Finance Brokers Limited
Registered office:
Nature of business: Mortgage brokering and related insurances.
%
Class of shares: holding
Ordinary 100.00


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Trade debtors 209,555 94,739
Other debtors 55,687 55,788
265,242 150,527

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

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


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Payments on account 327,516 272,188 - -
Trade creditors 54,459 38,234 - -
Amounts owed to group undertakings - - 1,683,782 1,613,726
Amounts owed to participating interests - 80,921 - 80,921
Taxation and social security 241,289 211,343 - -
Other creditors 165,743 99,216 802 778
789,007 701,902 1,684,584 1,695,425

The amount owed to participating interests £Nil (2023 - £80,921) relates to a loan amount owed to Mortgage Advice Bureau Limited. Mortgage Advice Bureau Limited has a 40% shareholding in Meridan Holdings Group Limited.

12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 50,000 50,000
Between one and five years 37,500 87,500
87,500 137,500

13. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 36,072 36,274
Other provisions
Other provisions 409,114 339,236
Proc fee reclaim provision 41,217 36,890
450,331 376,126

Aggregate amounts 486,403 412,400

MERIDIAN HOLDINGS GROUP LTD (REGISTERED NUMBER: 12048116)

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


13. PROVISIONS FOR LIABILITIES - continued

Group
Deferred Other
tax provisions
£    £   
Balance at 1 January 2024 36,274 376,126
Movement (202 ) 74,205
Balance at 31 December 2024 36,072 450,331

14. RESERVES

Group
Retained
earnings
£   

At 1 January 2024 1,211,364
Profit for the year 77,061
At 31 December 2024 1,288,425


15. RELATED PARTY DISCLOSURES

At the year end the company owed £1,998 (2023 - £2,204) to the directors of the company.

No interest was charged on the above balances.

16. ULTIMATE CONTROLLING PARTY

There is not an ultimate controlling party.