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REGISTERED NUMBER: 01605248 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

MEEKLAND LIMITED

MEEKLAND LIMITED (REGISTERED NUMBER: 01605248)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 8

MEEKLAND LIMITED

Company Information
for the year ended 31 December 2023







Director: Mrs K Hurd





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 01605248 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

MEEKLAND LIMITED (REGISTERED NUMBER: 01605248)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 3,750,000 3,750,000
Investments 5 976,897 1,168,162
4,726,897 4,918,162

Current assets
Debtors 6 213,013 383,228
Cash at bank 213,991 182,848
427,004 566,076
Creditors
Amounts falling due within one year 7 149,430 168,525
Net current assets 277,574 397,551
Total assets less current liabilities 5,004,471 5,315,713

Creditors
Amounts falling due after more than one
year

8

300,867

329,471
Net assets 4,703,604 4,986,242

Capital and reserves
Called up share capital 10 9,387,000 9,387,000
Retained earnings 11 (4,683,396 ) (4,400,758 )
Shareholders' funds 4,703,604 4,986,242

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

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

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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2024 and were signed by:




Mrs K Hurd - Director


MEEKLAND LIMITED (REGISTERED NUMBER: 01605248)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

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

The financial statements are prepared on a going concern basis.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover represents rents receivable for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

MEEKLAND LIMITED (REGISTERED NUMBER: 01605248)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investment properties
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.

Fixed asset investments
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value-in-use.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

MEEKLAND LIMITED (REGISTERED NUMBER: 01605248)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Fixtures
Freehold Long Plant and and
property leasehold machinery fittings Totals
£ £ £ £ £
Cost
At 1 January 2023
and 31 December 2023 2,000,000 1,750,000 14,870 229 3,765,099
Depreciation
At 1 January 2023
and 31 December 2023 - - 14,870 229 15,099
Net book value
At 31 December 2023 2,000,000 1,750,000 - - 3,750,000
At 31 December 2022 2,000,000 1,750,000 - - 3,750,000

If the investment properties had not been revalued they would have been included at £1,712,197 (2022: £1,712,197), being the historical cost. The properties were valued on an open market value basis at 31 December 2023 by the director.

5. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 January 2023 2,333,364
Disposals (493,685 )
At 31 December 2023 1,839,679
Provisions
At 1 January 2023 1,165,202
Provision for year 178,686
Eliminated on disposal (493,685 )
Revaluation adjustments 12,579
At 31 December 2023 862,782
Net book value
At 31 December 2023 976,897
At 31 December 2022 1,168,162

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£
Cost 1,839,679

MEEKLAND LIMITED (REGISTERED NUMBER: 01605248)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


6. Debtors
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 41,421 58,547
Amounts owed by group undertakings 22,766 22,766
Other debtors 128,826 31,915
193,013 113,228

Amounts falling due after more than one year:
Other debtors 20,000 270,000

Aggregate amounts 213,013 383,228

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 60,000 60,000
Trade creditors 5,829 6,972
Taxation and social security 17,827 26,411
Other creditors 65,774 75,142
149,430 168,525

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 300,867 329,471

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 60,867 89,471

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 360,867 389,471

The bank loan is secured over the various properties included within investment properties in note 5. The loan carries an interest rate of 5.13%.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
9,387,000 Ordinary £1 9,387,000 9,387,000

MEEKLAND LIMITED (REGISTERED NUMBER: 01605248)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


11. Reserves

The split of retained earnings by distributable reserves and non-distributable reserves is as follows:

Retained Earnings
£
Distributable reserves(6,721,199)
Non-distributable reserves2,037,803
Total reserves(4,683,396)

12. Related party disclosures

At the year end the company was owed £22,766 (2022 - £22,766) by its parent undertaking. The loan is interest free and repayable upon demand.

Included within other creditors is an amount of £2,453 (2022 - £4,888) owed to the director of the company. The loan is repayable on demand and subject to no interest charge.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Meekland Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Meekland Limited for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Meekland Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Meekland Limited and state those matters that we have agreed to state to the director of Meekland Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Meekland Limited and its director for our work or for this report.

It is your duty to ensure that Meekland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Meekland Limited. You consider that Meekland Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Meekland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


8 April 2024