Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-3112022-07-01falseManagement of real estate on a fee or contract5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05142739 2022-07-01 2023-03-31 05142739 2021-07-01 2022-06-30 05142739 2023-03-31 05142739 2022-06-30 05142739 c:Director5 2022-07-01 2023-03-31 05142739 d:OfficeEquipment 2022-07-01 2023-03-31 05142739 d:OfficeEquipment 2023-03-31 05142739 d:OfficeEquipment 2022-06-30 05142739 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-03-31 05142739 d:CurrentFinancialInstruments 2023-03-31 05142739 d:CurrentFinancialInstruments 2022-06-30 05142739 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05142739 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 05142739 d:ShareCapital 2023-03-31 05142739 d:ShareCapital 2022-06-30 05142739 d:RetainedEarningsAccumulatedLosses 2023-03-31 05142739 d:RetainedEarningsAccumulatedLosses 2022-06-30 05142739 c:OrdinaryShareClass1 2022-07-01 2023-03-31 05142739 c:OrdinaryShareClass1 2023-03-31 05142739 c:FRS102 2022-07-01 2023-03-31 05142739 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-03-31 05142739 c:FullAccounts 2022-07-01 2023-03-31 05142739 c:PrivateLimitedCompanyLtd 2022-07-01 2023-03-31 05142739 e:PoundSterling 2022-07-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05142739









MEADOWS INTERNATIONAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
MEADOWS INTERNATIONAL LIMITED
REGISTERED NUMBER: 05142739

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023


31 March

30 June

2023

2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
694
902

  
694
902

Current assets
  

Debtors: amounts falling due within one year
 5 
104,310
206,895

Cash at bank and in hand
 6 
38,115
971,442

  
142,425
1,178,337

Creditors: amounts falling due within one year
 7 
(520,193)
(1,558,570)

Net current liabilities
  
 
 
(377,768)
 
 
(380,233)

  

Net liabilities
  
(377,074)
(379,331)


Capital and reserves
  

Called up share capital 
 8 
50,000
50,000

Profit and loss account
  
(427,074)
(429,331)

  
(377,074)
(379,331)


Page 1

 
MEADOWS INTERNATIONAL LIMITED
REGISTERED NUMBER: 05142739
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2024.




J S Saggar
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MEADOWS INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Meadows International Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is 48 Charles Street, London, England, W1J 5EN.
The principal activity of the company continued to be that of property management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, despite the company reporting net current liabilities of £377,768 (2022 - £380,233). The director notes that the company is trading adequately and has sufficient working capital and access to other finance in order to continue trading for a period of not less than 12 months from the date of approval of these financial statements. As such, the director believes that there are no significant uncertainties in his assessment of whether the business is a going concern and therefore has prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MEADOWS INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
MEADOWS INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 1 (year ended 30 June 2022 - 5).


4.


Tangible fixed assets







Office equipment

£



Cost


At 1 July 2022
1,110



At 31 March 2023

1,110



Depreciation


At 1 July 2022
208


Charge for the period
208



At 31 March 2023

416



Net book value



At 31 March 2023
694



At 30 June 2022
902

Page 5

 
MEADOWS INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

31 March
30 June
2023
2022
£
£


Other debtors
10,715
206,895

Prepayments and accrued income
93,595
-

104,310
206,895



6.


Cash and cash equivalents

31 March
30 June
2023
2022
£
£

Cash at bank and in hand
38,115
971,442

38,115
971,442



7.


Creditors: Amounts falling due within one year

31 March
30 June
2023
2022
£
£

Other taxation and social security
-
1,317

Other creditors
478,525
1,553,303

Accruals and deferred income
41,668
3,950

520,193
1,558,570



8.


Share capital

31 March
30 June
2023
2022
£
£
Allotted, called up and fully paid



50,000 Ordinary shares of £1 each
50,000
50,000


Page 6

 
MEADOWS INTERNATIONAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Pension commitments

The company operated a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £Nil (2022 - £955).


10.


Controlling party

At the year-end the ultimate controlling party was J S Saggar by virtue of his 100% shareholding in the company. 

 
Page 7