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REGISTERED NUMBER: 03617316 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Meadcroft Residents Company Limited

Meadcroft Residents Company Limited (Registered number: 03617316)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Meadcroft Residents Company Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C K T Gallagher
P J Yeo
E Conroy
M Hodgkiss
N C S Bousfield





SECRETARY: C K T Gallagher





REGISTERED OFFICE: 21 Gatton Park Road
Redhill
Surrey
RH1 2DZ





REGISTERED NUMBER: 03617316 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Meadcroft Residents Company Limited (Registered number: 03617316)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,191 24,191

CURRENT ASSETS
Debtors 5 1,912 1,522
Cash at bank 31,063 31,195
32,975 32,717
CREDITORS
Amounts falling due within one year 6 2,355 8,528
NET CURRENT ASSETS 30,620 24,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,811

48,380

CAPITAL AND RESERVES
Called up share capital 11 11
Share premium 21,674 21,674
Retained earnings 33,126 26,695
54,811 48,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2023 and were signed on its behalf by:





C K T Gallagher - Director


Meadcroft Residents Company Limited (Registered number: 03617316)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Meadcroft Residents Company 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company exists to hold the reversionary interest in the freehold of 21 - 41 Gatton Park Road, Redhill. The costs of maintaining the property and contributions receivable from lessees are shown separately in the accounts.

These financial statements have been prepared in accordance with the provisions of Section 1A "Smaller Entities" of Financial Reporting Standard 102 2The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
Turnover represents service charges invoiced.

Tangible fixed assets
No depreciation is provided because the freehold valuation represents the reversionary interest in the freehold of 21 - 41 Gatton Park Road. The directors assess annually the need to provide for any impairment in recoverable amounts below valuation.

Taxation
The company has no liability to tax as it soley exists to collect the maintenance charge levied on the leaseholders (who are also shareholders) and pay the maintenance expenses, with any surplus being carried forward to cover future maintenance expenses and liabilities.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
Land
£   
COST
At 1 March 2022
and 28 February 2023 24,191
NET BOOK VALUE
At 28 February 2023 24,191
At 28 February 2022 24,191

Meadcroft Residents Company Limited (Registered number: 03617316)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,910 1,510
Other debtors 2 12
1,912 1,522

The trade debtors refer to maintenance charges owed by the leaseholders at the year end.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 7,117
Taxation and social security 475 475
Other creditors 1,880 936
2,355 8,528