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REGISTERED NUMBER: 05453719 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Meadow Lodge (Beeston) Limited

Meadow Lodge (Beeston) Limited (Registered number: 05453719)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meadow Lodge (Beeston) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr P H M Teece
Mr J E Teece
Mrs V N Teece





SECRETARY: Mr P H M Teece





REGISTERED OFFICE: The Old Manse
29 St Mary Street
Ilkeston
Derbyshire
DE7 8AB





REGISTERED NUMBER: 05453719 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

Meadow Lodge (Beeston) Limited (Registered number: 05453719)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 5,000 7,500
Tangible assets 6 215,104 239,314
Investment property 7 570,000 570,000
790,104 816,814

CURRENT ASSETS
Stocks 1,000 700
Debtors 8 20,697 13,367
Cash at bank and in hand 124,292 150,218
145,989 164,285
CREDITORS
Amounts falling due within one year 9 18,327 44,707
NET CURRENT ASSETS 127,662 119,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,766

936,392

PROVISIONS FOR LIABILITIES 30,078 30,078
NET ASSETS 887,688 906,314

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 141,720 141,720
Retained earnings 745,868 764,494
SHAREHOLDERS' FUNDS 887,688 906,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Meadow Lodge (Beeston) Limited (Registered number: 05453719)

Balance Sheet - continued
31 March 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





Mr J E Teece - Director


Meadow Lodge (Beeston) Limited (Registered number: 05453719)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Meadow Lodge (Beeston) Limited 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 Company Information page.

The company's place of business is Meadow Lodge 21 Meadow Road Beeston Nottingham NG9 1JP

The figures in the financial statements are rounded to the nearest £1.

The company is not a member of a group and these financial statements therefore cover only the individual company.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Principal accounting policies
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 10% on cost
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Meadow Lodge (Beeston) Limited (Registered number: 05453719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

Meadow Lodge (Beeston) Limited (Registered number: 05453719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,000
AMORTISATION
At 1 April 2022 42,500
Amortisation for year 2,500
At 31 March 2023 45,000
NET BOOK VALUE
At 31 March 2023 5,000
At 31 March 2022 7,500

6. TANGIBLE FIXED ASSETS
Improvements
to Fixtures,
Long leasehold fittings Motor
leasehold property & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 60,706 195,563 88,721 8,990 353,980
DEPRECIATION
At 1 April 2022 - 50,066 62,352 2,248 114,666
Charge for year - 18,557 3,967 1,686 24,210
At 31 March 2023 - 68,623 66,319 3,934 138,876
NET BOOK VALUE
At 31 March 2023 60,706 126,940 22,402 5,056 215,104
At 31 March 2022 60,706 145,497 26,369 6,742 239,314

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 570,000
NET BOOK VALUE
At 31 March 2023 570,000
At 31 March 2022 570,000

Meadow Lodge (Beeston) Limited (Registered number: 05453719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2019 450,000
Valuation in 2021 30,000
Valuation in 2022 90,000
570,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 398,202 398,202
Aggregate depreciation (53,001 ) (45,039 )

The investment properties were valued on an open market basis on 31 March 2023 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,697 13,367

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,978 3,246
Taxation and social security 9,770 25,239
Other creditors 5,579 16,222
18,327 44,707

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Share capital 1 £1 100 100

Meadow Lodge (Beeston) Limited (Registered number: 05453719)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


11. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 141,720

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following loans, payable on demand with interest at official rates, to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr P H M Teece
Balance outstanding at start of year 6,110 7,010
Amounts advanced 12,902 12,000
Amounts repaid (22,020 ) (12,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,008 ) 6,110