Company registration number 13090932 (England and Wales)
MEADVALE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
MEADVALE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MEADVALE HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
305,216
305,216
Current assets
Debtors
4
172,610
9,740
Cash at bank and in hand
168,054
490,870
340,664
500,610
Creditors: amounts falling due within one year
5
(626)
Net current assets
340,664
499,984
Total assets less current liabilities
645,880
805,200
Creditors: amounts falling due after more than one year
6
(305,000)
(305,000)
Net assets
340,880
500,200
Capital and reserves
Called up share capital
216
216
Profit and loss reserves
340,664
499,984
Total equity
340,880
500,200
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 March 2024 and are signed on its behalf by:
Mr K R Lloyd
Director
Company registration number 13090932 (England and Wales)
MEADVALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Meadvale Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 18 Willow Road, Trent Lane Industrial Estate, Castle Donington, Derby, DE74 2NP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and 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. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
MEADVALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
5
7
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
305,216
305,216
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
110,120
Other debtors
50,000
160,120
2023
2022
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
12,490
9,740
Total debtors
172,610
9,740
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
626
6
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Other borrowings
305,000
305,000
Other creditors includes redeemable shares of £305,000. The redeemable shares, which were issued at par, are redeemable at par at the option of the shareholder. There are no fixed dates for redemption.
MEADVALE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
7
Related party transactions
Debtors includes an interest free loan to the company's subsidiary undertaking of £12,490 (2022 - £9,740).