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REGISTERED NUMBER: 03689330 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

MEADOW COURT LIMITED

MEADOW COURT LIMITED (REGISTERED NUMBER: 03689330)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEADOW COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Ian Douglas Whitehead
Anne Jennifer Whitehead
Darren Lee Whitehead
Stacey Ann Humble
Stephen John Humble
Debra Louise Whitehead





SECRETARY: Darren Lee Whitehead





REGISTERED OFFICE: Meal Hill Lane
Slaithwaite
Huddersfield
West Yorkshire
HD7 5EL





REGISTERED NUMBER: 03689330 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

MEADOW COURT LIMITED (REGISTERED NUMBER: 03689330)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 845,224 862,498

CURRENT ASSETS
Debtors 5 90,521 91,987
Cash at bank and in hand 53,217 126,356
143,738 218,343
CREDITORS
Amounts falling due within one year 6 131,169 157,165
NET CURRENT ASSETS 12,569 61,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,793

923,676

CREDITORS
Amounts falling due after more than
one year

7

(725,469

)

(755,946

)

PROVISIONS FOR LIABILITIES (8,652 ) (6,187 )
NET ASSETS 123,672 161,543

CAPITAL AND RESERVES
Called up share capital 118 112
Capital redemption reserve 44 44
Profit and loss account 123,510 161,387
123,672 161,543

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 COURT LIMITED (REGISTERED NUMBER: 03689330)

BALANCE SHEET - continued
31 MAY 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





Stephen John Humble - Director


MEADOW COURT LIMITED (REGISTERED NUMBER: 03689330)

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

1. STATUTORY INFORMATION

Meadow Court 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
Revenue 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.
Freehold property - 2.5% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INCOME RECOGNITION
Income is recognised when goods and services have been provided to the customers.

MEADOW COURT LIMITED (REGISTERED NUMBER: 03689330)

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

2. ACCOUNTING POLICIES - continued

FINANCE COST OF DEBT
The finance cost of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

GOVERNMENT GRANTS
Grants receivable in relation to profit and loss expenditure are credited to the profit and loss in the year for which they relate.

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 58 (2023 - 54 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 June 2023 1,164,667 66,828 38,631 153,852 1,423,978
Additions - - 1,795 12,494 14,289
At 31 May 2024 1,164,667 66,828 40,426 166,346 1,438,267
DEPRECIATION
At 1 June 2023 342,051 66,828 23,629 128,972 561,480
Charge for year 18,003 - 4,202 9,358 31,563
At 31 May 2024 360,054 66,828 27,831 138,330 593,043
NET BOOK VALUE
At 31 May 2024 804,613 - 12,595 28,016 845,224
At 31 May 2023 822,616 - 15,002 24,880 862,498


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,212 36,397
Other debtors 7,309 55,590
90,521 91,987

MEADOW COURT LIMITED (REGISTERED NUMBER: 03689330)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 32,344 32,344
Trade creditors 6,921 15,330
Taxation and social security 71,767 46,877
Other creditors 20,137 62,614
131,169 157,165

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 725,469 755,946

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 63,602 65,725

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 32,344 32,344

Amounts falling due between one and two years:
Bank loans - 1-2 years 32,344 32,344

Amounts falling due between two and five years:
Bank loans - 2-5 years 629,523 657,877

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 63,602 65,725

MEADOW COURT LIMITED (REGISTERED NUMBER: 03689330)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,620 1,620
Between one and five years 135 1,755
1,755 3,375

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 757,813 788,290

Interest on the bank loan, which is repayable on 20th May 2039, is charged at a rate of 2.56% over the base rate. The bank loan is secured by a charge on the company's assets.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £15,468 (2023: £9,326). Contributions totalling £4,286 (2023: £2,745) were payable to the fund at the year end and are included in creditors.

12. RELATED PARTY DISCLOSURES

Mr Ian D Whitehead and Mrs Anne J Whitehead have control over a majority of shares in the company, and together with their involvement in its day-to-day management are deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.

Included within creditors is the following directors loans owed to the directors of £1,234 (2023: £852).