Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31truefalse2023-09-01No description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12161468 2023-09-01 2024-08-31 12161468 2022-09-01 2023-08-31 12161468 2024-08-31 12161468 2023-08-31 12161468 c:Director1 2023-09-01 2024-08-31 12161468 c:Director2 2023-09-01 2024-08-31 12161468 d:FurnitureFittings 2023-09-01 2024-08-31 12161468 d:FurnitureFittings 2024-08-31 12161468 d:FurnitureFittings 2023-08-31 12161468 d:FreeholdInvestmentProperty 2024-08-31 12161468 d:FreeholdInvestmentProperty 2023-08-31 12161468 d:CurrentFinancialInstruments 2024-08-31 12161468 d:CurrentFinancialInstruments 2023-08-31 12161468 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12161468 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12161468 d:ShareCapital 2024-08-31 12161468 d:ShareCapital 2023-08-31 12161468 d:RetainedEarningsAccumulatedLosses 2024-08-31 12161468 d:RetainedEarningsAccumulatedLosses 2023-08-31 12161468 c:FRS102 2023-09-01 2024-08-31 12161468 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12161468 c:FullAccounts 2023-09-01 2024-08-31 12161468 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12161468 2 2023-09-01 2024-08-31 12161468 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 12161468






MEADWAY EAST GRINSTEAD LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










img1557.png

 
MEADWAY EAST GRINSTEAD LTD
REGISTERED NUMBER:12161468

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
49
49

Investment property
 5 
1
1

  
50
50

Current assets
  

Debtors: amounts falling due within one year
 6 
4,000
-

Cash at bank and in hand
 7 
2,512
504

  
6,512
504

Creditors: amounts falling due within one year
 8 
(6,500)
(3,442)

Net current assets/(liabilities)
  
 
 
12
 
 
(2,938)

Total assets less current liabilities
  
62
(2,888)

  

Net assets/(liabilities)
  
62
(2,888)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(38)
(2,988)

  
62
(2,888)


Page 1

 
MEADWAY EAST GRINSTEAD LTD
REGISTERED NUMBER:12161468
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 23 January 2025.




S P Brinkley
S A Hatswell
Director
Director

Page 2

 
MEADWAY EAST GRINSTEAD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Meadway East Grinstead Limited is a private company limited by shares, incorporated in England and
Wales. It's registered office is shown on the company information page.
The principal activity of the company is the operation of investment properties.

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

Going concern

The financial statements have been prepared on the going concern basis despite the net liabilities
due to the ongoing support of the directors.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

Page 3

 
MEADWAY EAST GRINSTEAD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
MEADWAY EAST GRINSTEAD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term 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




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2023
129



At 31 August 2024

129



Depreciation


At 1 September 2023
80



At 31 August 2024

80



Net book value



At 31 August 2024
49



At 31 August 2023
49

Page 5

 
MEADWAY EAST GRINSTEAD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
1



At 31 August 2024
1

The 2024 valuations were made by S Brinkley, the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1
1

1
1


6.


Debtors

2024
2023
£
£


Other debtors
4,000
-

4,000
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,512
504

2,512
504


Page 6

 
MEADWAY EAST GRINSTEAD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
43
-

Other creditors
3,019
169

Accruals and deferred income
3,438
3,273

6,500
3,442



9.


Related party transactions

At the balance sheet date the company the directors owed the company £4,000.  This amount was repaid within 9 months of the year end.

 
Page 7