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Registered number: 10055066
Meery Holdings Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Blue Accountancy & Business Services
Chartered Certified Accountants
4th Floor, Capital House
25 Chapel Street
London
NW1 5DH
Meery Holdings Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Menasheh Idafar
Lily Lorraine Mizrahie
REGISTERED OFFICE
Capital House Suite 4.01, 4th Floor
25 Chapel Street
London
NW1 5DH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10055066
BANKERS
Lloyds Banking Group
ACCOUNTANTS
Blue Accountancy & Business Services
Chartered Certified Accountants
4th Floor, Capital House
25 Chapel Street
London
NW1 5DH
Meery Holdings Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Meery Holdings Ltd
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets31,379,2111,376,547
CURRENT ASSETS
Debtors58,4388,369
Cash at bank and in hand3,3171,895
11,75510,264
CREDITORS: Amounts falling due within one year643,04567,053
NET CURRENT LIABILITIES(31,290)(56,789)
TOTAL ASSETS LESS CURRENT LIABILITIES1,347,9211,319,758
CREDITORS: Amounts falling due after more than one year71,481,7161,449,212
NET LIABILITIES(133,795)(129,454)
CAPITAL AND RESERVES
Called up share capital855
Profit and loss account(133,800)(129,459)
SHAREHOLDERS' FUNDS(133,795)(129,454)
For the year ending 31/03/2025 the company was entitled to exemption 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/12/2025 and signed on their behalf by
.............................
Menasheh Idafar
Director
Meery Holdings Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Property Provisions
Where properties are no longer utilised in the business a provision is recorded if the future expected cash outflows exceed any inflow from rental income The provision is discounted in line with the requirements of FRS12.
1e. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
Meery Holdings Ltd
1f. Financial Guarantees
The company has not adopted amendments to FRS 26 in relation to financial guarantee contracts. Where the company enters into financial guarantee contracts to guarantee the indebtedness of other companies within its group, the company considers these to be insurance arrangements, and accounts for them as such. In this respect, the company treats the guarantee contract as a contingent liability until such time as it becomes probable that the company will be required to make a payment under the guarantee.
1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
20252024
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/04/202411,63523,75035,385
Additions9879,60910,596
At 31/03/202512,62233,35945,981
Depreciation
At 01/04/20245,6008,65614,256
For the year1,7566,1767,932
At 31/03/20257,35614,83222,188
Net Book Amounts
At 31/03/20255,26618,52723,793
At 31/03/20246,03515,09421,129
Meery Holdings Ltd
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/04/20241,355,4181,355,418
At 31/03/20251,355,4181,355,418
5. DEBTORS 20252024
££
Amounts falling due within one year
Prepayments8,4388,369
8,4388,369
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
PAYE control8,9577,064
Directors current account - M.Idafar5981,221
Trade creditors10,40641,018
Accruals23,08417,750
43,04567,053
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Loans >1yr (LCN)945,514945,514
Loans >1yr - BBL loan3,5326,533
Loans >1yr - Octane Capital Mortgage497,165497,165
Loans >1yr (HN)35,505-
1,481,7161,449,212
Meery Holdings Ltd
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
5 Ordinary shares of £1 each55
55
9. CONTROLLING PARTY
The Company was under the control of its Directors and Shareholders in the period under review.
10. RELATED PARTY TRANSACTIONS
There were no related party transactions in the period under review.