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Registered Number: 13785031
England and Wales

 

 

 

MEERAQ HOLDINGS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

MEERAQ HOLDINGS LTD
Contents Page
For the year ended 31 December 2024
Directors Oladayo Akinleye
Olaniyi Akinleye
Registered Number 13785031
Registered Office 27 OLD GLOUCESTER STREET
LONDON UNITED KINGDOM
WC1N 3AX
Accountants Lagos Accountancy Services UK
Ujima House
97-107 Wilder Street, St Paul's
Bristol
BS2 8QU
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 760,318    558,123 
760,318    558,123 
Current assets      
Debtors 4 0    1,690 
Cash at bank and in hand 3,702    430 
3,702    2,120 
Creditors: amount falling due within one year 5 (160,678)   (161,866)
Net current assets (156,976)   (159,746)
 
Total assets less current liabilities 603,342    398,377 
Creditors: amount falling due after more than one year 6 (515,633)   (320,021)
Accruals and deferred income (2,025)   0 
Provisions for liabilities 7 (13,657)   (11,567)
Net assets 72,027    66,789 
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account 72,025    66,787 
Shareholders' funds 72,027    66,789 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 10 September 2025 and were signed on its behalf by:


-------------------------------
Olaniyi Akinleye
Director
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General Information
MEERAQ HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 13785031, registration address 27 OLD GLOUCESTER STREET, LONDON UNITED KINGDOM, WC1N 3AX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 January 2024 477,123    477,123 
Additions 191,195    191,195 
Disposals -    - 
Revaluations 92,000    92,000 
At 31 December 2024 760,318    760,318 
Depreciation
At 01 January 2024 -    - 
Charge for year -    - 
On disposals -    - 
At 31 December 2024 -    - 
Net book values
Closing balance as at 31 December 2024 760,318    760,318 
Opening balance as at 01 January 2024 558,123    558,123 

Fair value as at 31st December 2024

4.

Debtors: amounts falling due after one year

2024
£		   2023
£
Other Debtors 0    1,690 
0    1,690 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Other Creditors 160,678    161,866 
160,678    161,866 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Other Creditors 515,633    320,021 
515,633    320,021 

7.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 13,657    11,567 
13,657    11,567 

8.

Director’s loan

TRANSACTION WITH DIRECTORS

Included in other creditors < 1 year is £ 160,134 (2023 : £ 161,322) owed to the directors. The amount is unsecured, interest free and has no set repayment date. The company's directors who are also the controlling shareholders continue to make a personal guarantee towards the obligations and liabilities of the company. The director loan is not payable on demand and will not be settled at the detriment of the company.
3