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Registered number: 02990194










MEWSLADE (EASTERN) LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MEWSLADE (EASTERN) LIMITED
REGISTERED NUMBER: 02990194

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Stocks
  
2,500
2,500

Debtors: amounts falling due within one year
 6 
1,275
1,166

Cash at bank and in hand
  
96,674
118,163

  
100,449
121,829

Creditors: amounts falling due within one year
 7 
(2,237)
(24,142)

Net current assets
  
 
 
98,212
 
 
97,687

Total assets less current liabilities
  
98,213
97,688

  

Net assets
  
98,213
97,688


Capital and reserves
  

Called up share capital 
  
2
2

Retained earnings
  
98,211
97,686

  
98,213
97,688


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 9 August 2024.




N J C Griffith
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MEWSLADE (EASTERN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Mewslade (Eastern) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02990194 registered office is The Warehouse Wyndham Arcade, St Mary Street, Cardiff, Wales, CF10 1FH.
The presentation currency of the financial statements is Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest £.

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

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

 
2.3

Going concern

In preparing the financial statements, the director has considered the current financial position of the company and likely future cash flows. The company has made a profit in the year, and has both net current assets and net assets at the statement of financial position date.
The director has assessed the risks facing the business from the current economic uncertainty and implemented measures to address these risks.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

  
2.4

Turnover

Turnover represents net invoiced administration fees, excluding value added tax.
Revenue is recognised evenly over the period to which the service relates.

  
2.5

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Page 2

 
MEWSLADE (EASTERN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.6

Stocks

Stocks are valued at the lower of cost and selling price less costs to sell. At each reporting date an assessment is made for impairment. Any excess of the carrying value of stocks over its estimated selling price less costs to sell, is recognised as an impairment in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Financial instruments

Basic financial assets, which include trade debtors and and cash at bank balances, are initially measured at transaction price 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.
Basic financial liabilities, including other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Page 3

 
MEWSLADE (EASTERN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).




4.


Fixed asset investments





Shares in group undertaking

£



Cost or valuation


At 1 January 2023
1



At 31 December 2023
1





5.


Stocks

2023
2022
£
£

Stocks
2,500
2,500

2,500
2,500



6.


Debtors

2023
2022
£
£


Trade debtors
499
402

Prepayments and accrued income
776
764

1,275
1,166


Page 4

 
MEWSLADE (EASTERN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
100
21,990

Accruals and deferred income
2,137
2,152

2,237
24,142



8.


Capital commitments

There are no capital commitments at the balance sheet date.


9.


Controlling party

The immediate parent company is G Securities Limited, a company incorporated in England and Wales.
G Securities Limited is a wholly owned subsidiary of G Capital Limited.
The ultimate controlling party is the director Mr N J C Griffith, as the controlling party of G Capital Limited.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 16 September 2024 by James Dobson BSc FCA (Senior Statutory Auditor) on behalf of MHA.

 
Page 5