IRIS Accounts Production v24.3.0.553 06060361 director 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060603612023-01-31060603612024-01-31060603612023-02-012024-01-31060603612022-01-31060603612022-02-012023-01-31060603612023-01-3106060361ns15:EnglandWales2023-02-012024-01-3106060361ns14:PoundSterling2023-02-012024-01-3106060361ns10:Director12023-02-012024-01-3106060361ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106060361ns10:SmallEntities2023-02-012024-01-3106060361ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106060361ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106060361ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106060361ns10:AbridgedAccounts2023-02-012024-01-3106060361ns10:RegisteredOffice2023-02-012024-01-3106060361ns5:CurrentFinancialInstruments2024-01-3106060361ns5:CurrentFinancialInstruments2023-01-3106060361ns5:ShareCapital2024-01-3106060361ns5:ShareCapital2023-01-3106060361ns5:FurtherSpecificReserve1ComponentTotalEquity2024-01-3106060361ns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-3106060361ns5:RetainedEarningsAccumulatedLosses2024-01-3106060361ns5:RetainedEarningsAccumulatedLosses2023-01-3106060361ns5:PlantMachinery2023-02-012024-01-3106060361ns5:Secured2024-01-3106060361ns5:Secured2023-01-31
REGISTERED NUMBER: 06060361 (England and Wales)















Meadside Developments Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






Meadside Developments Limited (Registered number: 06060361)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Meadside Developments Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs S Vaughan



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 06060361 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Svenska Handelsbanken AB
40 Queen Square
Bristol
BS1 4QP

Meadside Developments Limited (Registered number: 06060361)

Abridged Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 360,000 360,000
360,000 360,000

CURRENT ASSETS
Debtors 5,040 5,746
Cash at bank 9,352 5,663
14,392 11,409
CREDITORS
Amounts falling due within one year 240,404 254,121
NET CURRENT LIABILITIES (226,012 ) (242,712 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,988

117,288

PROVISIONS FOR LIABILITIES - 7,275
NET ASSETS 133,988 110,013

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property reserve 29,099 29,099
Retained earnings 104,789 80,814
SHAREHOLDERS' FUNDS 133,988 110,013

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Meadside Developments Limited (Registered number: 06060361)

Abridged Statement of Financial Position - continued
31 January 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2024 and were signed by:





Mrs S Vaughan - Director


Meadside Developments Limited (Registered number: 06060361)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Meadside Developments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Meadside Developments Limited (Registered number: 06060361)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 953
DEPRECIATION
At 1 February 2023
and 31 January 2024 953
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 360,000
NET BOOK VALUE
At 31 January 2024 360,000
At 31 January 2023 360,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2016 36,373
Valuation in 2009 323,627
360,000

If 3 A-C Cemetery Road had not been revalued they would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 323,627 323,627

Investment property was valued on an open market basis on 31 January 2024 by the directors .

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans - 229,095

All liabilities to Svenska Handelsbanken are secured by a fixed charge over all assets of the company which includes a specific charge over 3 A-C Cemetery Road, Totterdown, Bristol, BS4 2AL.

Meadside Developments Limited (Registered number: 06060361)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Vaughan.

The company was controlled throughout the current and previous period by virtue of the fact that she owns all of the company's issued share capital.