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REGISTERED NUMBER: 05660813 (England and Wales)














MEADOWLAND PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MEADOWLAND PROPERTIES LIMITED (REGISTERED NUMBER: 05660813)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MEADOWLAND PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S J Wilson
S A Wilson
C A Wilson





SECRETARY: S J Warman





REGISTERED OFFICE: 12 Fratton Road
Portsmouth
Hampshire
PO1 5BX





REGISTERED NUMBER: 05660813 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

MEADOWLAND PROPERTIES LIMITED (REGISTERED NUMBER: 05660813)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Inventories 5 411,140 350,668
Debtors 6 741,026 401,465
Cash at bank 21,132 33,314
1,173,298 785,447
CREDITORS
Amounts falling due within one year 7 294,484 285,237
NET CURRENT ASSETS 878,814 500,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

878,814

500,210

CREDITORS
Amounts falling due after more than one
year

8

370,550

-
NET ASSETS 508,264 500,210

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 508,164 500,110
SHAREHOLDERS' FUNDS 508,264 500,210

MEADOWLAND PROPERTIES LIMITED (REGISTERED NUMBER: 05660813)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





S J Wilson - Director


MEADOWLAND PROPERTIES LIMITED (REGISTERED NUMBER: 05660813)

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

1. STATUTORY INFORMATION

Meadowland Properties 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

3. EMPLOYEES AND DIRECTORS

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

MEADOWLAND PROPERTIES LIMITED (REGISTERED NUMBER: 05660813)

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

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,256
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,256
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVENTORIES
2024 2023
£    £   
Work-in-progress 411,140 350,668

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 700,000 400,000
Prepayments and accrued income 39,302 -
Prepayments 1,724 1,465
741,026 401,465

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 24,941 34,837
Other loans (see note 9) 240,400 240,400
Trade creditors 1,059 1,386
Social security and other taxes (4,137 ) (226 )
VAT - 1,253
Other creditors - 2
Accrued expenses 32,221 7,585
294,484 285,237

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 9) 370,550 -

MEADOWLAND PROPERTIES LIMITED (REGISTERED NUMBER: 05660813)

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

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 24,941 34,837
Other loans 240,400 240,400
265,341 275,237

Amounts falling due between two and five years:
Other loans - 2-5 years 370,550 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2023 500,110
Profit for the year 8,054
At 31 March 2024 508,164

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dilgold Ltd FURBS Trust by virtue of it holding 100% of the issued share capital.