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REGISTERED NUMBER: 02026359 (England and Wales)















MEADOWTOWN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






MEADOWTOWN LIMITED (REGISTERED NUMBER: 02026359)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


MEADOWTOWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs E Andreou
Mrs R B I Otitoju
E O Otitoju
Dr A D Andreou





SECRETARY: Mrs E Andreou





REGISTERED OFFICE: 3rd Floor, Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





REGISTERED NUMBER: 02026359 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3rd Floor
Malborough House
298 Regents Park Road
Finchley
London
N3 2SZ

MEADOWTOWN LIMITED (REGISTERED NUMBER: 02026359)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,551 3,308
Investment property 5 8,312,968 8,312,968
8,315,519 8,316,276

CURRENT ASSETS
Debtors 6 621,803 571,482
Cash at bank and in hand 349,698 289,890
971,501 861,372
CREDITORS
Amounts falling due within one year 7 179,001 148,392
NET CURRENT ASSETS 792,500 712,980
TOTAL ASSETS LESS CURRENT LIABILITIES 9,108,019 9,029,256

PROVISIONS FOR LIABILITIES 1,617,704 1,617,704
NET ASSETS 7,490,315 7,411,552

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 7,489,315 7,410,552
SHAREHOLDERS' FUNDS 7,490,315 7,411,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Dr A D Andreou - Director


MEADOWTOWN LIMITED (REGISTERED NUMBER: 02026359)

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

1. STATUTORY INFORMATION

Meadowtown 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Revenue
Revenue represents rents receivable from the letting of the company's investment properties and accrues evenly over the lease terms.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

MEADOWTOWN LIMITED (REGISTERED NUMBER: 02026359)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 34,206 15,471 49,677
DEPRECIATION
At 1 September 2023 32,340 14,029 46,369
Charge for year 468 289 757
At 31 August 2024 32,808 14,318 47,126
NET BOOK VALUE
At 31 August 2024 1,398 1,153 2,551
At 31 August 2023 1,866 1,442 3,308

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 8,312,968
NET BOOK VALUE
At 31 August 2024 8,312,968
At 31 August 2023 8,312,968

The freehold investment property was valued by the directors at the year end at its open market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 621,803 571,482

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 94,790 64,528
Other creditors 84,211 83,864
179,001 148,392

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

MEADOWTOWN LIMITED (REGISTERED NUMBER: 02026359)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Dr A D Andreou and Mrs E Andreou
Balance outstanding at start of year 482,950 459,428
Amounts advanced 116,133 73,522
Amounts repaid (50,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 549,083 482,950

E O Otitoju and Mrs R B I Otitoju
Balance outstanding at start of year 59,334 71,644
Amounts advanced 53,270 37,690
Amounts repaid (50,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,604 59,334

Interest was charged on the directors' overdrawn loan accounts in the year at the HMRC beneficial loan rate.