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REGISTERED NUMBER: 08506898 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MEADOW CAT HOTEL LIMITED

MEADOW CAT HOTEL LIMITED (REGISTERED NUMBER: 08506898)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEADOW CAT HOTEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs G Machin
R G Machin





REGISTERED OFFICE: Stairfoot
St Erme
Truro
Cornwall
TR4 9AT





REGISTERED NUMBER: 08506898 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

MEADOW CAT HOTEL LIMITED (REGISTERED NUMBER: 08506898)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,854 190,727

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 1,150 3,192
1,250 3,292
CREDITORS
Amounts falling due within one year 6 31,845 30,132
NET CURRENT LIABILITIES (30,595 ) (26,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,259

163,887

CREDITORS
Amounts falling due after more than one
year

7

47,996

55,545
NET ASSETS 113,263 108,342

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,163 108,242
SHAREHOLDERS' FUNDS 113,263 108,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 CAT HOTEL LIMITED (REGISTERED NUMBER: 08506898)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 11th October 2024 and were signed on its behalf by:




Mrs G Machin - Director



R G Machin - Director


MEADOW CAT HOTEL LIMITED (REGISTERED NUMBER: 08506898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Meadow Cat Hotel 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Further, the directors continue to support the company by way of director funding and have not indicated that such support will be withdrawn in the foreseeable future. Therefore the financial statements for the year ended 31st March 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation and uncertainty which have a significant effect on the amounts recognised in the financial statements are described below:

1. As described in the accounting policy for tangible fixed assets the residual value of the company's property is reviewed annually by the directors.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

The property is depreciated at 2% on cost taking into account the related estimated residual values, expected economic useful life and the maintenance of the property.

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including debtors, cash and cash equivalents, and creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

1. Interest Bearing Borrowings

Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost using the effective interest rate method, less any impairment losses.

MEADOW CAT HOTEL LIMITED (REGISTERED NUMBER: 08506898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current 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 taxation 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
Property fittings Totals
£    £    £   
COST
At 1st April 2023 186,010 24,938 210,948
Additions - 4,116 4,116
At 31st March 2024 186,010 29,054 215,064
DEPRECIATION
At 1st April 2023 - 20,221 20,221
Charge for year - 2,989 2,989
At 31st March 2024 - 23,210 23,210
NET BOOK VALUE
At 31st March 2024 186,010 5,844 191,854
At 31st March 2023 186,010 4,717 190,727

The property is depreciated in accordance with the accounting policy as stated in note 1 to the accounts. The resulting depreciation charge for the year is considered by the directors to be immaterial and therefore no depreciation charge for property is included within the accounts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 100

MEADOW CAT HOTEL LIMITED (REGISTERED NUMBER: 08506898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,319 9,379
Trade creditors - 1
Corporation tax 3,822 4,981
Social security and other taxes 265 225
VAT 3,503 2,699
Other creditors 13,190 11,101
Accrued expenses 1,746 1,746
31,845 30,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,013 9,762
Bank loans - 2-5 years 33,673 34,155
Bank loans more 5 yr by instal 4,310 11,628
47,996 55,545

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,310 11,628

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 31,921 38,117

The company's bank loan is secured on property held by the company.

9. OTHER FINANCIAL COMMITMENTS

The company had total operating lease commitments at the balance sheet date of £3,452 (2023 - £10,852).