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MEWS PROPERTIES LTD

Registered Number
04282207
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

MEWS PROPERTIES LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

CROWE, Simon Paul

Company Secretary

FRANCIS, Jaqueline Ellen

Registered Address

Cwm Nant
Tregaron
Dyfed
SY25 6NL

Registered Number

04282207 (England and Wales)
MEWS PROPERTIES LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property41,175,0001,151,953
1,175,0001,151,953
Current assets
Debtors3,2006,840
Cash at bank and on hand52,0537,824
55,25314,664
Creditors amounts falling due within one year5(32,027)(183,512)
Net current assets (liabilities)23,226(168,848)
Total assets less current liabilities1,198,226983,105
Creditors amounts falling due after one year6(41,609)-
Provisions for liabilities7(27,623)-
Net assets1,128,994983,105
Capital and reserves
Called up share capital44
Profit and loss account1,128,990983,101
Shareholders' funds1,128,994983,105
The financial statements were approved and authorised for issue by the Director on 8 May 2025, and are signed on its behalf by:
CROWE, Simon Paul
Director
Registered Company No. 04282207
MEWS PROPERTIES LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Prior period adjustment
Reserves in the prior period were understated by £1,480. An adjustment has been made to the previously reported figures to correct this.
4.Investment property
Investment property has been valued based on the directors consideration of fair value.

£
Fair value at 01 October 231,151,953
Disposals(87,445)
Fair value adjustments110,492
At 30 September 241,175,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,3022,110
Bank borrowings and overdrafts21,206172,247
Taxation and social security8,3608,233
Other creditors3030
Accrued liabilities and deferred income1,129892
Total32,027183,512
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts41,609-
Total41,609-
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)27,623-
Total27,623-