MERIDIAN MEDIA HOLDINGS LIMITED


Director	ALJUMAILY, Anas


Registered Address	167-169 Great Portland Street
	5th Floor
	London
	W1W 5PF


Registered Number	13233313 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		7,417		8,501
Investments	4		589,906		613,340
			597,323		621,841
Current assets
Debtors		780,066		1,219,644
Cash at bank and on hand		685		1,279
		780,751		1,220,923
Creditors amounts falling due within one year	5	(171,628)		(177,442)
Net current assets (liabilities)			609,123		1,043,481
Total assets less current liabilities			1,206,446		1,665,322
Creditors amounts falling due after one year	6		(481,180)		(471,745)
Net assets			725,266		1,193,577
Capital and reserves
Called up share capital			100		100
Revaluation reserve			(196,906)		(161,905)
Profit and loss account			922,072		1,355,382
Shareholders' funds			725,266		1,193,577

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 11 September 2025, and are signed on its behalf by:

ALJUMAILY, Anas
Director
Registered Company No. 13233313

MERIDIAN MEDIA HOLDINGS LIMITED

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

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Computer equipment-25% Straight line method Office equipment-25% Straight line method.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees
	Salaries for the group were paid by Meridian Media Holdings Limited. Employees worked across all companies within the group.


		2024		2023
	Average number of employees during the year	5		9

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	14,421	14,421
Additions	2,569	2,569
At 31 December 24	16,990	16,990
Depreciation and impairment
At 01 January 24	5,920	5,920
Charge for year	3,653	3,653
At 31 December 24	9,573	9,573
Net book value
At 31 December 24	7,417	7,417
At 31 December 23	8,501	8,501


	Depreciation is provided at rates calculated to write off the cost or valuations less residual value of each asset over its expected useful life, as follows: Computer equipment-25% Straight line method. Office equipment-25% Straight line method.

4.	Fixed asset investments
	Subsidiaries Investment Additional Notes Investments comprise 100% equity shares in Meridian Media Limited and 100% equity shares in Wild River Comics Limited, none of which are publicly traded. Both companies were incorporated in the UK. Investments in subsidiaries are held at cost less accumulated impairment losses. Their addresses are as follows: Meridian Media Limited- 167-169 Great Portland Street, Fifth Floor, London, United Kingdom, W1W 5PFWild River Comics Limited- 167-169 Great Portland Street, Fifth Floor, London, United Kingdom, W1W 5PF Other Investment Additional Notes The company holds 50% equity shares in Adlive Limited, with its registered address at 7 Bell Yard, London, England, WC2A 2JR, not publicly traded. The company also holds an 80% interest in a Satozi partnership, a UK-based partnership. Investments in Other Investments are held at cost less accumulated impairment losses.

Fixed asset investments

Subsidiaries Investment Additional Notes

Investments comprise 100% equity shares in Meridian Media Limited and 100% equity shares in Wild River Comics Limited, none of which are publicly traded. Both companies were incorporated in the UK. Investments in subsidiaries are held at cost less accumulated impairment losses. Their addresses are as follows: Meridian Media Limited- 167-169 Great Portland Street, Fifth Floor, London, United Kingdom, W1W 5PFWild River Comics Limited- 167-169 Great Portland Street, Fifth Floor, London, United Kingdom, W1W 5PF
Other Investment Additional Notes
The company holds 50% equity shares in Adlive Limited, with its registered address at 7 Bell Yard, London, England, WC2A 2JR, not publicly traded. The company also holds an 80% interest in a Satozi partnership, a UK-based partnership. Investments in Other Investments are held at cost less accumulated impairment losses.

	Investments in groups¹	Loans to groups²	Total
	£	£	£
Cost or valuation
At 01 January 24	35,000	578,340	613,340
Additions	-	11,566	11,566
Disposals	(35,000)	-	(35,000)
At 31 December 24	-	589,906	589,906
Net book value
At 31 December 24	-	589,906	589,906
At 31 December 23	35,000	578,340	613,340

	Notes
	¹Investments in group undertakings and participating interests ²Loans to group undertakings and participating interests

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	4,378	20,427
Taxation and social security	93,837	26,874
Other creditors	73,413	130,141
Total	171,628	177,442


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Trade creditors / trade payables	481,180	471,745
Total	481,180	471,745