REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2023 |
for |
MEADSPARE LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2023 |
for |
MEADSPARE LIMITED |
MEADSPARE LIMITED (REGISTERED NUMBER: 01534813) |
Contents of the Financial Statements |
for the Year Ended 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MEADSPARE LIMITED |
Company Information |
for the Year Ended 31 May 2023 |
Director: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
MEADSPARE LIMITED (REGISTERED NUMBER: 01534813) |
Balance Sheet |
31 May 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Fair value reserve | 10 |
Retained earnings |
Shareholders' funds |
The director acknowledges her 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. |
MEADSPARE LIMITED (REGISTERED NUMBER: 01534813) |
Balance Sheet - continued |
31 May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
MEADSPARE LIMITED (REGISTERED NUMBER: 01534813) |
Notes to the Financial Statements |
for the Year Ended 31 May 2023 |
1. | Statutory information |
Meadspare Limited is a |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable for rental of properties. |
Tangible fixed assets |
Fixtures and fittings | - |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. |
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. |
4. | Employees and directors |
The average number of employees during the year was |
5. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
At 1 June 2022 |
and 31 May 2023 |
Depreciation |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
Net book value |
At 31 May 2023 |
At 31 May 2022 |
MEADSPARE LIMITED (REGISTERED NUMBER: 01534813) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
6. | Investment property |
Total |
£ |
Fair value |
At 1 June 2022 |
Revaluations | (20,000 | ) |
At 31 May 2023 |
Net book value |
At 31 May 2023 |
At 31 May 2022 |
The investment properties class of fixed assets were revalued on 31 May 2023 by the director who is internal to the company. The basis of this valuation was open market basis. This class of assets has a current value of £180,000 (2022 - £200,000) and a carrying amount at historical cost of £87,225 (2021 - £87,225). |
7. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
8. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | Reserves |
Fair |
value |
reserve |
£ |
At 1 June 2022 |
Fair value reserve transfer | (21,500 | ) |
At 31 May 2023 |