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Registration number: 02603057

Meadowcity Property Management Company Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 December 2024

 

Meadowcity Property Management Company Limited

(Registration number: 02603057)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,250

1,250

Current assets

 

Debtors

5

5,274

5,076

Cash at bank and in hand

 

10,098

8,042

 

15,372

13,118

Creditors: Amounts falling due within one year

6

(3,568)

(2,926)

Net current assets

 

11,804

10,192

Net assets

 

13,054

11,442

Capital and reserves

 

Called up share capital

14

14

Profit and loss account

13,040

11,428

Shareholders' funds

 

13,054

11,442

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 27 February 2025 and signed on its behalf by:
 

.........................................
Mr M Kanter
Director

 

Meadowcity Property Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. England.

The principal place of business is: 13 Elder Way, Waterside Drive, Langley, Berkshire, SL3 6EP, .

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

No depreciation is charged as the asset owned by the company solely comprises Land.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

 

Meadowcity Property Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

Due to the nature of the company’s activities there were no employees in the current or previous year.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

1,250

1,250

At 31 December 2024

1,250

1,250

Depreciation

Carrying amount

At 31 December 2024

1,250

1,250

At 31 December 2023

1,250

1,250

Included within the net book value of land and buildings above is £1,250 (2023 - £1,250) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

5,274

5,076

5,274

5,076

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

971

490

Taxation and social security

301

411

Accruals and deferred income

2,296

2,025

3,568

2,926