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REGISTERED NUMBER: 15107670 (England and Wales)










Unaudited Financial Statements

For The Period 31 August 2023 to 31 August 2024

for

Meadowstone Developments Ltd

Meadowstone Developments Ltd (Registered number: 15107670)






Contents of the Financial Statements
For The Period 31 August 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Meadowstone Developments Ltd

Company Information
For The Period 31 August 2023 to 31 August 2024







DIRECTORS: B H Prictor
L W Xu





REGISTERED OFFICE: Roselea House Catsash Road
Langstone
Newport
NP18 2LZ





REGISTERED NUMBER: 15107670 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Meadowstone Developments Ltd (Registered number: 15107670)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 571

CURRENT ASSETS
Stocks 680,243
Debtors 5 3,929
Cash at bank 255,997
940,169
CREDITORS
Amounts falling due within one year 6 942,688
NET CURRENT LIABILITIES (2,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,948

)

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings (1,958 )
(1,948 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2025 and were signed on its behalf by:





B H Prictor - Director


Meadowstone Developments Ltd (Registered number: 15107670)

Notes to the Financial Statements
For The Period 31 August 2023 to 31 August 2024

1. STATUTORY INFORMATION

Meadowstone Developments Ltd 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.

The company made a loss in it's first trading period of £1,958, had net current liabilities of £2,519 and a balance sheet deficiency of £1,948 at 31 August 2024.

The directors are confident that the company will generate profits in the future to address the balance sheet deficiency and will continue to provide financial support when required. Accordingly, the directors consider that it is appropriate to prepare the financial statements on a going concern basis.

If the going concern basis of accounting is not appropriate and the company is unable to continue trading then adjustments would have to be made to the balance sheet to reduce the value of assets to their recoverable amounts, to provide for further liabilities which may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Meadowstone Developments Ltd (Registered number: 15107670)

Notes to the Financial Statements - continued
For The Period 31 August 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

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


Meadowstone Developments Ltd (Registered number: 15107670)

Notes to the Financial Statements - continued
For The Period 31 August 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued
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 NIL.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 762
At 31 August 2024 762
DEPRECIATION
Charge for period 191
At 31 August 2024 191
NET BOOK VALUE
At 31 August 2024 571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 3,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,371
Other creditors 937,317
942,688