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REGISTERED NUMBER: 13564477 (England and Wales)



















Financial Statements

for the Year Ended 31 January 2025

for

Meddo Subco Limited

Meddo Subco Limited (Registered number: 13564477)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meddo Subco Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: N M Bethel
M D C Bethel





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 13564477 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Meddo Subco Limited (Registered number: 13564477)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investments 4 - 4,649,337
Investment property 5 - 376,170
- 5,025,507

CURRENT ASSETS
Debtors 6 115,000 -
Cash at bank 49,971 1,073,555
164,971 1,073,555
CREDITORS
Amounts falling due within one year 7 43,622 -
NET CURRENT ASSETS 121,349 1,073,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,349

6,099,062

PROVISIONS FOR LIABILITIES - 18,400
NET ASSETS 121,349 6,080,662

CAPITAL AND RESERVES
Called up share capital 1 5,936,048
Fair value reserve 8 - 25,401
Retained earnings 8 121,348 119,213
121,349 6,080,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Meddo Subco Limited (Registered number: 13564477)

Balance Sheet - continued
31 January 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





N M Bethel - Director


Meddo Subco Limited (Registered number: 13564477)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Meddo Subco 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents dividends, interest, other investment income receivable and rental income. Income is recognised when in becomes due to the company.

Investment property
FRS 102 requires that investment properties are to be measured at their fair value at each reporting date with changes in fair values recognised in the statement of comprehensive income. In the opinion of the directors, accounting for investment property at cost enables easier comparison of overall profit and loss year on year. The company therefore follows the policy of including investment properties in the balance sheet at cost, which is a departure from the requirements of FRS 102.

Fixed asset investments
Listed investments are valued at their fair value at the balance sheet date and any changes between the previous year end or acquisition, as applicable are recognised in the profit and loss account and transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 February 2024 4,649,337
Additions 3,725,375
Disposals (8,369,592 )
Revaluations (5,120 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 4,649,337


Meddo Subco Limited (Registered number: 13564477)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 February 2024 376,170
Additions (376,170 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 376,170

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 115,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 41,522 -
Accrued expenses 2,100 -
43,622 -

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2024 119,213 25,401 144,614
Profit for the year 85,110 85,110
Dividends (8,468,148 ) (8,468,148 )
Purchase of own shares 8,359,772 - 8,359,772
Movement in unrealised gains 25,401 (25,401 ) -
At 31 January 2025 121,348 - 121,348

9. RELATED PARTY DISCLOSURES

As part of a group restructure during the year, the company transferred its investment property and investments to its immediate parent company as a dividend in specie.