| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 January 2025 |
| for |
| Meddo Subco Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 8 |
| Retained earnings | 8 |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 4. | FIXED ASSET INVESTMENTS |
| Listed |
| investments |
| £ |
| COST OR VALUATION |
| At 1 February 2024 |
| Additions |
| Disposals | ( |
) |
| Revaluations | ( |
) |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| 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 |
| Additions | ( |
) |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Tax |
| Accrued expenses |
| 8. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2024 | 144,614 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Purchase of own shares | 8,359,772 | - | 8,359,772 |
| Movement in unrealised gains | 25,401 | (25,401 | ) | - |
| At 31 January 2025 | 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. |