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REGISTERED NUMBER: 13634905 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Meadows Yard Limited

Meadows Yard Limited (Registered number: 13634905)






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


Meadows Yard Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr M A Wells





SECRETARY: Mrs L M Tibballs





REGISTERED OFFICE: The Meadows
Forester Road
Soberton Heath
Southampton
Hampshire
SO32 3QG





REGISTERED NUMBER: 13634905 (England and Wales)





AUDITORS: Alliott Wingham Limited
Kintyre House
70 High Street
Fareham
Hampshire
PO16 7BB

Meadows Yard Limited (Registered number: 13634905)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 600,000 600,000

CURRENT ASSETS
Debtors 5 31,952 -
Cash at bank 37,821 22,561
69,773 22,561
NET CURRENT ASSETS 69,773 22,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,773

622,561

CREDITORS
Amounts falling due after more than one
year

6

(474,819

)

(463,238

)

PROVISIONS FOR LIABILITIES (34,466 ) (34,466 )
NET ASSETS 160,488 124,857

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 103,399 103,399
Retained earnings 56,989 21,358
160,488 124,857

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr M A Wells - Director


Meadows Yard Limited (Registered number: 13634905)

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

1. STATUTORY INFORMATION

Meadows Yard 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.

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

Tangible fixed assets
Freehold property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

Properties are valued annually on an open market basis by the directors.

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.

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Properties are valued annually at market value with vacant possession. It is assumed that a marketing period of six months is required to achieve these values. There is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

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


Meadows Yard Limited (Registered number: 13634905)

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

2. ACCOUNTING POLICIES - continued
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 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 600,000
NET BOOK VALUE
At 31 December 2023 600,000
At 31 December 2022 600,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 137,865
Cost 462,135
600,000

Investment Properties have been valued at their fair value on 13 September 2022 by Eddisons, who are not connected to the company. The fair value has been determined on an open market basis, by reference to market evidence of transaction prices for similar properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 31,952 -

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 474,819 463,238

7. SECURED DEBTS

The parent company, Taine Holdings Limited, have a floating debenture over all assets of the company.

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 103,399

Meadows Yard Limited (Registered number: 13634905)

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Nolan FCA (Senior Statutory Auditor)
for and on behalf of Alliott Wingham Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

As at the year end the ultimate parent company was Taine Holdings Limited which is incorporated in England & Wales.

The ultimate controlling party is Mr M A Wells.