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Registered number: 05082537










MEADOWBROOK HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MEADOWBROOK HOLDINGS LIMITED
REGISTERED NUMBER: 05082537

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
24,253
24,253

  
24,253
24,253

Current assets
  

Cash at bank and in hand
  
35
69

  
35
69

Total assets less current liabilities
  
 
 
24,288
 
 
24,322

Net assets
  
24,288
24,322


Capital and reserves
  

Called up share capital 
 5 
9,925
9,925

Capital redemption reserve
  
75
75

Profit and loss account
  
14,288
14,322

  
24,288
24,322


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 year 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 by: 




J P Summers
Director

Date: 6 September 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
MEADOWBROOK HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Meadowbrook Holdings Limited is a private company, limited by share capital and incorporated in England and Wales. 
The Company's registered office and principal place of business is The Stables Offices, Stones Farm, Sherbourne, Cheltenham, Gloucestershire, GL54 3DH.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 2

 
MEADOWBROOK HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
24,253



At 31 December 2023
24,253





5.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



99,250 (2022 - 99,250) Ordinary shares of £0.10 each
9,925
9,925



6.


Related party transactions

Meadowbrook Holdings Limited owns 100% of Controlsoft Limited, a company incorporated in England and Wales, 100% of Controlsoft (Pty), a company incorporated in South Africa and 100% of Controlsoft Access Inc, a company incorporated in the United States of America.
Meadowbrook Holdings Limited received a dividend of £64,559 (2022: £2,750) from Controlsoft Limited.
During the year dividends of £64,509 (2022: £29,773) were paid to the director.


7.


Controlling party

The company is controlled by its director.


Page 3