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MEADEX HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2024






MEADEX HOLDINGS LTD (REGISTERED NUMBER: 14382441)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

MEADEX HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: A J Monk





REGISTERED OFFICE: Elizabeth Court
Church Street
Stratford-Upon-Avon
Warwickshire
CV37 6HB





REGISTERED NUMBER: 14382441 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

MEADEX HOLDINGS LTD (REGISTERED NUMBER: 14382441)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 3,203,243 3,355,173

CURRENT ASSETS
Debtors 5 - 11,112
Cash at bank 3,492 3
3,492 11,115
CREDITORS
Amounts falling due within one year 6 1,118,220 31,660
NET CURRENT LIABILITIES (1,114,728 ) (20,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,088,515

3,334,628

CREDITORS
Amounts falling due after more than one
year

7

1,817,064

3,088,533
NET ASSETS 271,451 246,095

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 271,351 245,995
271,451 246,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MEADEX HOLDINGS LTD (REGISTERED NUMBER: 14382441)

BALANCE SHEET - continued
31ST OCTOBER 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th July 2025 and were signed by:





A J Monk - Director


MEADEX HOLDINGS LTD (REGISTERED NUMBER: 14382441)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Meadex Holdings 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Meadex Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents dividend income received from subsidiary undertakings.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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 year was 1 (2023 - 1 ) .

MEADEX HOLDINGS LTD (REGISTERED NUMBER: 14382441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2023 3,355,173
Reduction in cost (151,930 )
At 31st October 2024 3,203,243
NET BOOK VALUE
At 31st October 2024 3,203,243
At 31st October 2023 3,355,173

Following a dispute with the previous owners an agreement was reached by all parties to reduce the cost of
the subsidiary undertaking.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 100
Directors' current accounts - 11,012
- 11,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred consideration 675,000 -
Trade creditors 120 -
Amounts owed to group undertakings 438,640 -
Amounts owed to participating interests 3,500 30,700
Accruals and deferred income 960 960
1,118,220 31,660

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Deferred consideration - 1,150,258
Amounts owed to participating interests 1,817,064 1,938,275
1,817,064 3,088,533

MEADEX HOLDINGS LTD (REGISTERED NUMBER: 14382441)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st October 2024 and the period ended 31st October 2023:

2024 2023
£    £   
A J Monk
Balance outstanding at start of year 11,012 -
Amounts advanced 248 11,012
Amounts repaid (11,260 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,012

Interest has been charged at a rate of 2.25% on the overdrawn directors loan account.

9. ULTIMATE CONTROLLING PARTY

The parent company is Black Bull Capital Partners Limited (Company Number 14381217).

Their registered office is Elizabeth Court, Church Street, Stratford-Upon-Avon, Warwickshire, United
Kingdom, CV37 6HB.

The ultimate controlling party is Mr A J Monk.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MEADEX HOLDINGS LTD

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 Meadex Holdings Ltd for the year ended 31st October 2024 which comprise the Statement of Comprehensive Income, 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.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Meadex Holdings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Meadex Holdings Ltd and state those matters that we have agreed to state to the director of Meadex Holdings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Meadex Holdings Ltd and its director for our work or for this report.

It is your duty to ensure that Meadex Holdings Ltd 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 profit of Meadex Holdings Ltd. You consider that Meadex Holdings Ltd 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 Meadex Holdings Ltd. 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.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


29th July 2025