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REGISTERED NUMBER: 11850392 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Meadow Lane Services Limited

Meadow Lane Services Limited (Registered number: 11850392)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meadow Lane Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr D Skenderaj
Mr R L Bhardwaj





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 11850392 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Meadow Lane Services Limited (Registered number: 11850392)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,417 15,247
Investment property 5 12,423,247 9,000,000
12,456,664 9,015,247

CURRENT ASSETS
Debtors 6 724,269 102,708
Cash at bank 143,863 128,734
868,132 231,442
CREDITORS
Amounts falling due within one year 7 6,028,195 3,363,208
NET CURRENT LIABILITIES (5,160,063 ) (3,131,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,296,601

5,883,481

CREDITORS
Amounts falling due after more than one
year

8

(4,500,000

)

(3,000,000

)

PROVISIONS FOR LIABILITIES (635,870 ) (672,652 )
NET ASSETS 2,160,731 2,210,829

CAPITAL AND RESERVES
Called up share capital 9 120 120
Non-distributable reserves 10 1,882,553 2,006,523
Retained earnings 278,058 204,186
SHAREHOLDERS' FUNDS 2,160,731 2,210,829

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

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

Meadow Lane Services Limited (Registered number: 11850392)

Balance Sheet - continued
31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




Mr D Skenderaj - Director



Mr R L Bhardwaj - Director


Meadow Lane Services Limited (Registered number: 11850392)

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

1. STATUTORY INFORMATION

Meadow Lane Services 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Meadow Lane Services Limited (Registered number: 11850392)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022 21,820
Additions 31,500
At 31 October 2023 53,320
DEPRECIATION
At 1 November 2022 6,573
Charge for year 13,330
At 31 October 2023 19,903
NET BOOK VALUE
At 31 October 2023 33,417
At 31 October 2022 15,247

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 9,000,000
Additions 3,588,539
Revaluations (165,292 )
At 31 October 2023 12,423,247
NET BOOK VALUE
At 31 October 2023 12,423,247
At 31 October 2022 9,000,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 2,675,364
Valuation in 2023 (165,292 )
Cost 9,913,175
12,423,247

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 9,913,175 6,324,637

Investment property was valued on an open market basis on 31 October 2023 by the directors .

Meadow Lane Services Limited (Registered number: 11850392)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,184
Other debtors 700,156 100,000
VAT 19,443 1,361
Prepayments and accrued income 4,670 163
724,269 102,708

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 107,115 72
Tax - 2,553
Social security and other taxes 208 -
Other creditors 5,876,539 3,285,690
Accruals and deferred income 44,333 74,893
6,028,195 3,363,208

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 4,500,000 3,000,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,500,000 3,000,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
120 Ordinary £1 120 120

10. RESERVES
Non-distributable
reserves
£   
At 1 November 2022 2,006,523
Revaluation (165,293 )
Deferred tax 41,323

At 31 October 2023 1,882,553

Meadow Lane Services Limited (Registered number: 11850392)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

11. RELATED PARTY DISCLOSURES

The balance outstanding on loans provided from a company with a common director amounted to £5,031,059 (2022: £2,440,209).

The balance outstanding on loans provided to a company with a common director amounted to £700,156 (2022: £Nil).