Registration number: 08109732

Meridian Grand Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Statement of Changes in Equity	4
Notes to the Unaudited Financial Statements	5 to 10

Meridian Grand Limited

Company Information

Directors

Mr Phatahchand Ghanshamdas Mulchandani Mrs Nikkita Mulchandani Morgan

Registered office

16A, Eley Road London N18 3BB

Accountants

Kajaine Kafton LLP Chartered Accountants 42-46 Station Road Edgware Middlesex HA8 7AB

Meridian Grand Limited

(Registration number: 08109732)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	745,330	844,379
Current assets
Debtors	6	10,015,837	3,711,511
Cash at bank and in hand		155,874	147,985
		10,171,711	3,859,496
Creditors: Amounts falling due within one year	7	(8,631,164)	(3,390,779)
Net current assets		1,540,547	468,717
Total assets less current liabilities		2,285,877	1,313,096
Creditors: Amounts falling due after more than one year	7	105,161	-
Net assets		2,391,038	1,313,096
Capital and reserves
Called up share capital	8	100	100
Retained earnings		2,390,938	1,312,996
Shareholders' funds		2,391,038	1,313,096

For the financial year ending 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:

•	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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 24 September 2025 and signed on its behalf by:
 

Meridian Grand Limited

(Registration number: 08109732)
Balance Sheet as at 31 December 2024

......................................... Mr Phatahchand Ghanshamdas Mulchandani Director

Meridian Grand Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Retained earnings £	Total £
At 1 January 2023	100	588,036	588,136
Profit for the year	-	724,960	724,960
At 31 December 2023	100	1,312,996	1,313,096

	Share capital £	Retained earnings £	Total £
At 1 January 2024	100	1,312,995	1,313,095
Profit for the year	-	1,077,943	1,077,943
At 31 December 2024	100	2,390,938	2,391,038

Meridian Grand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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:
16A, Eley Road
London
N18 3BB
United Kingdom

These financial statements were authorised for issue by the Board on 24 September 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Meridian Grand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	15 years on straight line basis
Plant and equipment	25% on reducing balance basis
Fixtures and fittings	20% on reducing balance basis
Office equipment	25% on reducing balance basis
Motor vehicles	25% on reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Meridian Grand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 45 (2023 - 45).

4	Profit before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	176,803	183,727

Meridian Grand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	1,176,521	1,795,018	64,675	3,036,214
Additions	-	77,753	-	77,753
At 31 December 2024	1,176,521	1,872,771	64,675	3,113,967
Depreciation
At 1 January 2024	716,631	1,429,554	45,650	2,191,835
Charge for the year	78,074	93,972	4,756	176,802
At 31 December 2024	794,705	1,523,526	50,406	2,368,637
Carrying amount
At 31 December 2024	381,816	349,245	14,269	745,330
At 31 December 2023	459,890	365,464	19,025	844,379

Included within the net book value of land and buildings above is £381,816 (2023 - £459,890) in respect of short leasehold land and buildings.
 

6

Debtors

Current	2024 £	2023 £
Trade debtors	(2,172,681)	(2,396,410)
Prepayments	12,865	30,433
Other debtors	12,175,653	6,059,796
Directors current account	-	17,692
	10,015,837	3,711,511

Meridian Grand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		171,122	127,029
Taxation and social security		243,024	257,047
Other creditors		5,409,644	675,681
Accrued expenses		2,421,109	2,153,109
Corporation tax payable		384,267	177,913
Directors current account		1,998	-
		8,631,164	3,390,779
Due after one year
Other non-current financial liabilities		(105,161)	-

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Other non-current financial liabilities	(105,161)	-

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Meridian Grand Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	50,000	79,774

Summary of transactions with entities with joint control or significant interest

At the balance sheet date, the amount due to companies with the same ultimate beneficial owners of Meridian Grand Ltd was £4,629,401 (2023: £Nil). These have been disclosed in other creditors.

At the balance sheet date, the amount due from companies with the same ultimate beneficial owners ofMeridian Granf Ltd was £12,070,714 (2023: £5,700,796). These have been disclosed in other debtors.