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REGISTERED NUMBER: 09234124 (England and Wales)















Financial Statements for the Period 1 April 2023 to 31 October 2023

for

Meadowbank Healthcare Limited

Meadowbank Healthcare Limited (Registered number: 09234124)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meadowbank Healthcare Limited

Company Information
for the Period 1 April 2023 to 31 October 2023







DIRECTOR: A S Cohen





REGISTERED OFFICE: 5 Spring Villa Road
Edgware
Middlesex
HA8 7EB





BUSINESS ADDRESS: 44 Braywick Road
Maidenhead
Berkshire
SL6 1DA





REGISTERED NUMBER: 09234124 (England and Wales)





ACCOUNTANTS: Passer Chevern & Co
Chartered Accountants
5 Spring Villa Road
Edgware
Middlesex
HA8 7EB

Meadowbank Healthcare Limited (Registered number: 09234124)

Balance Sheet
31 October 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 241,667 300,000
Tangible assets 5 2,263,975 2,198,064
2,505,642 2,498,064

CURRENT ASSETS
Debtors 6 1,148,562 1,101,827
Cash at bank 48,504 17,738
1,197,066 1,119,565
CREDITORS
Amounts falling due within one year 7 2,439,498 2,378,989
NET CURRENT LIABILITIES (1,242,432 ) (1,259,424 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,210

1,238,640

PROVISIONS FOR LIABILITIES 19,512 15,857
NET ASSETS 1,243,698 1,222,783

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,243,697 1,222,782
1,243,698 1,222,783

Meadowbank Healthcare Limited (Registered number: 09234124)

Balance Sheet - continued
31 October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 November 2024 and were signed by:





A S Cohen - Director


Meadowbank Healthcare Limited (Registered number: 09234124)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 October 2023

1. STATUTORY INFORMATION

Meadowbank Healthcare 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - not provided
Improvements to freehold - not provided
Integral Features - 10% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 (2023 - 32 ) .

Meadowbank Healthcare Limited (Registered number: 09234124)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 October 2023 1,000,000
AMORTISATION
At 1 April 2023 700,000
Amortisation for period 58,333
At 31 October 2023 758,333
NET BOOK VALUE
At 31 October 2023 241,667
At 31 March 2023 300,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Integral
property freehold Features
£    £    £   
COST
At 1 April 2023 1,517,545 541,675 80,000
Additions - 79,782 -
At 31 October 2023 1,517,545 621,457 80,000
DEPRECIATION
At 1 April 2023 - - 56,000
Charge for period - - 4,667
At 31 October 2023 - - 60,667
NET BOOK VALUE
At 31 October 2023 1,517,545 621,457 19,333
At 31 March 2023 1,517,545 541,675 24,000

Meadowbank Healthcare Limited (Registered number: 09234124)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 287,730 6,118 2,433,068
Additions 4,860 - 84,642
At 31 October 2023 292,590 6,118 2,517,710
DEPRECIATION
At 1 April 2023 174,183 4,821 235,004
Charge for period 13,814 250 18,731
At 31 October 2023 187,997 5,071 253,735
NET BOOK VALUE
At 31 October 2023 104,593 1,047 2,263,975
At 31 March 2023 113,547 1,297 2,198,064

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 49,143 18,067
Amounts owed by associates 1,087,749 1,073,760
Other debtors 10,000 10,000
Prepayments 1,670 -
1,148,562 1,101,827

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Amounts owed to associates 1,894,686 1,960,197
Tax 459,681 394,622
Social security and other
taxes 17,938 7,675
Accrued exps & other creditors 48,021 14,158
Deferred income & fee advance 19,172 2,337
2,439,498 2,378,989