IRIS Accounts Production v24.3.2.46 01534813 director 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015348132023-05-31015348132024-05-31015348132023-06-012024-05-31015348132022-05-31015348132022-06-012023-05-31015348132023-05-3101534813ns15:EnglandWales2023-06-012024-05-3101534813ns14:PoundSterling2023-06-012024-05-3101534813ns10:Director12023-06-012024-05-3101534813ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3101534813ns10:SmallEntities2023-06-012024-05-3101534813ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3101534813ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3101534813ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3101534813ns10:FullAccounts2023-06-012024-05-3101534813ns10:OrdinaryShareClass12023-06-012024-05-3101534813ns10:CompanySecretary12023-06-012024-05-3101534813ns10:RegisteredOffice2023-06-012024-05-3101534813ns5:CurrentFinancialInstruments2024-05-3101534813ns5:CurrentFinancialInstruments2023-05-3101534813ns5:ShareCapital2024-05-3101534813ns5:ShareCapital2023-05-3101534813ns5:FurtherSpecificReserve3ComponentTotalEquity2024-05-3101534813ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3101534813ns5:RetainedEarningsAccumulatedLosses2024-05-3101534813ns5:RetainedEarningsAccumulatedLosses2023-05-3101534813ns5:FurnitureFittings2023-06-012024-05-3101534813ns5:FurnitureFittings2023-05-3101534813ns5:FurnitureFittings2024-05-3101534813ns5:FurnitureFittings2023-05-3101534813ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3101534813ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3101534813ns10:OrdinaryShareClass12024-05-3101534813ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-31
REGISTERED NUMBER: 01534813 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

MEADSPARE LIMITED

MEADSPARE LIMITED (REGISTERED NUMBER: 01534813)

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


MEADSPARE LIMITED

Company Information
for the Year Ended 31 May 2024







Director: G Harmer-Ingleman





Secretary: V Chadderton





Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN





Registered number: 01534813 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

MEADSPARE LIMITED (REGISTERED NUMBER: 01534813)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 208 245
Investment property 6 180,000 180,000
180,208 180,245

Current assets
Debtors 7 988 957
Cash at bank 10,449 14,525
11,437 15,482
Creditors
Amounts falling due within one year 8 5,131 6,248
Net current assets 6,306 9,234
Total assets less current liabilities 186,514 189,479

Provisions for liabilities 6,500 6,500
Net assets 180,014 182,979

Capital and reserves
Called up share capital 9 100 100
Fair value reserve 10 86,275 86,275
Retained earnings 93,639 96,604
Shareholders' funds 180,014 182,979

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 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.

MEADSPARE LIMITED (REGISTERED NUMBER: 01534813)

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 director and authorised for issue on 24 February 2025 and were signed by:





G Harmer-Ingleman - Director


MEADSPARE LIMITED (REGISTERED NUMBER: 01534813)

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


1. Statutory information

Meadspare 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.

Turnover
Turnover represents amounts receivable for rental of properties.

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 - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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.

4. Employees and directors

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

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 June 2023
and 31 May 2024 2,990
Depreciation
At 1 June 2023 2,745
Charge for year 37
At 31 May 2024 2,782
Net book value
At 31 May 2024 208
At 31 May 2023 245

MEADSPARE LIMITED (REGISTERED NUMBER: 01534813)

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


6. Investment property
Total
£   
Fair value
At 1 June 2023
and 31 May 2024 180,000
Net book value
At 31 May 2024 180,000
At 31 May 2023 180,000

The investment properties class of fixed assets were revalued on 31 May 2024 by the director who is internal to the company. The basis of this valuation was open market basis. This class of assets has a current value of £180,000 (2023 - £180,000) and a carrying amount at historical cost of £87,225 (2023 - £87,225).

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 988 957

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Corporation tax 2,597 2,088
Directors' current accounts 362 279
Accruals and deferred income 2,172 3,881
5,131 6,248

9. Called up share capital

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

10. Reserves
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 86,275