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Registered number: 11555281









MEADOWS PROPERTY RENTALS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
MEADOWS PROPERTY RENTALS LIMITED
REGISTERED NUMBER: 11555281

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,284,901
886,979

  
1,284,901
886,979

Current assets
  

Cash at bank and in hand
 5 
13,347
29,704

  
13,347
29,704

Creditors: amounts falling due within one year
 6 
(1,258,350)
(891,520)

Net current liabilities
  
 
 
(1,245,003)
 
 
(861,816)

Total assets less current liabilities
  
39,898
25,163

  

Net assets
  
39,898
25,163


Capital and reserves
  

Called up share capital 
  
50
50

Profit and loss account
  
39,848
25,113

  
39,898
25,163


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Page 1

 
MEADOWS PROPERTY RENTALS LIMITED
REGISTERED NUMBER: 11555281
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025


James Martin Porch
Director

Date: 24 June 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MEADOWS PROPERTY RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Meadows Property Rentals Limited (company number 11030468) is private company limited by shares, registered in England and Wales. Its registered offiice is Technology Park, Unit 4 Pepper Road, Hazel Grove, Stockport, Cheshire SK7 5BW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
MEADOWS PROPERTY RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Investment properties
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 4

 
MEADOWS PROPERTY RENTALS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Investment properties

£



Cost or valuation


At 1 April 2024
886,979


Additions
397,922



At 31 March 2025

1,284,901






Net book value



At 31 March 2025
1,284,901



At 31 March 2024
886,979


5.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
13,347
29,704

13,347
29,704



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
3,612
2,336

Other creditors
1,253,718
888,284

Accruals and deferred income
1,020
900

1,258,350
891,520



7.


Related party transactions

Included in other creditors is a loan of £998,027 (2024: £635,310) from CJP Nail Systems Limited company registered in England of which James Martin Porch is a director and shareholder. Included in other creditors is loan from director of £255,691 (2024:£252,974).

 
Page 5