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REGISTERED NUMBER: 01534813 (England and Wales)















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: G Harmer-Ingleman





Secretary: V Chadderton





Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN





Registered number: 01534813 (England and Wales)





Accountants: Haines Watts Manchester Limited
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 5 245 288
Investment property 6 180,000 200,000
180,245 200,288

Current assets
Debtors 7 957 866
Cash at bank 14,525 24,715
15,482 25,581
Creditors
Amounts falling due within one year 8 6,248 4,874
Net current assets 9,234 20,707
Total assets less current liabilities 189,479 220,995

Provisions for liabilities 6,500 5,000
Net assets 182,979 215,995

Capital and reserves
Called up share capital 9 100 100
Fair value reserve 10 86,275 107,775
Retained earnings 96,604 108,120
Shareholders' funds 182,979 215,995

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

MEADSPARE LIMITED (REGISTERED NUMBER: 01534813)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





G Harmer-Ingleman - Director


MEADSPARE LIMITED (REGISTERED NUMBER: 01534813)

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


1. Statutory information

Meadspare 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.

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

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

Turnover
Turnover represents amounts receivable for rental of properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 1 (2022 - 1 ) .

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 June 2022
and 31 May 2023 2,990
Depreciation
At 1 June 2022 2,702
Charge for year 43
At 31 May 2023 2,745
Net book value
At 31 May 2023 245
At 31 May 2022 288

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 200,000
Revaluations (20,000 )
At 31 May 2023 180,000
Net book value
At 31 May 2023 180,000
At 31 May 2022 200,000

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 957 866

8. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security 2,088 1,576
Other creditors 4,160 3,298
6,248 4,874

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. Reserves
Fair
value
reserve
£   
At 1 June 2022 107,775
Fair value reserve transfer (21,500 )

At 31 May 2023 86,275