| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| MEEKLAND LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| MEEKLAND LIMITED |
| MEEKLAND LIMITED (REGISTERED NUMBER: 01605248) |
| Contents of the Financial Statements |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Accountants' Report | 9 |
| MEEKLAND LIMITED |
| Company Information |
| for the year ended 31 December 2024 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| New Derwent House |
| 69 - 73 Theobalds Road |
| London |
| WC1X 8TA |
| MEEKLAND LIMITED (REGISTERED NUMBER: 01605248) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Retained earnings | 11 | ( |
) | ( |
) |
| Shareholders' funds |
| The director acknowledges her 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. |
| MEEKLAND LIMITED (REGISTERED NUMBER: 01605248) |
| Balance Sheet - continued |
| 31 December 2024 |
| The financial statements were approved by the director and authorised for issue on |
| MEEKLAND LIMITED (REGISTERED NUMBER: 01605248) |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
| 1. | Statutory information |
| Meekland Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| The financial statements are prepared on a going concern basis. |
| Key source of estimation, uncertainty and judgement |
| The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. |
| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets. |
| There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable. |
| Turnover |
| Turnover represents rents receivable for the year. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| MEEKLAND LIMITED (REGISTERED NUMBER: 01605248) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 2. | Accounting policies - continued |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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 properties |
| 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. |
| Fixed asset investments |
| Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value-in-use. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| MEEKLAND LIMITED (REGISTERED NUMBER: 01605248) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 4. | Tangible fixed assets |
| Fixtures |
| Freehold | Long | Plant and | and |
| property | leasehold | machinery | fittings | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 January 2024 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2024 |
| Depreciation |
| At 1 January 2024 |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| If the investment properties had not been revalued they would have been included at £1,557,197 (2023: £1,712,197), being the historical cost. The properties were valued on an open market value basis at 31 December 2024 by the director. |
| 5. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost or valuation |
| At 1 January 2024 |
| Disposals | ( |
) |
| At 31 December 2024 |
| Provisions |
| At 1 January 2024 | 862,782 |
| Provision for year | 52,772 |
| Revaluation adjustments | 2,045 |
| At 31 December 2024 | 917,599 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| MEEKLAND LIMITED (REGISTERED NUMBER: 01605248) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 5. | Fixed asset investments - continued |
| Cost or valuation at 31 December 2024 is represented by: |
| Other |
| investments |
| £ |
| Cost | 1,831,089 |
| 6. | Debtors |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 60,867 |
| MEEKLAND LIMITED (REGISTERED NUMBER: 01605248) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| The bank loan is secured over the various properties included within investment properties in note 5. The loan was repaid during the year. |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 9,387,000 | 9,387,000 |
| 11. | Reserves |
| The split of retained earnings by distributable reserves and non-distributable reserves is as follows: |
| Retained Earnings |
| £ |
| Distributable reserves | (5,608,202 | ) |
| Non-distributable reserves | 442,803 |
| Total reserves | (5,185,399 | ) |
| 12. | Related party disclosures |
| At the year end the company was owed £22,766 (2023 - £22,766) by its parent undertaking. The loan is interest free and repayable upon demand. |
| Included within other creditors is an amount of £2,467 (2023 - £2,453) owed to the director of the company. The loan is repayable on demand and subject to no interest charge. |
| Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Meekland Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Meekland Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| This report is made solely to the director of Meekland Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Meekland Limited and state those matters that we have agreed to state to the director of Meekland Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Meekland Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Meekland Limited. You consider that Meekland Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Meekland Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| New Derwent House |
| 69 - 73 Theobalds Road |
| London |
| WC1X 8TA |