Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-311338475013323636false22024-01-01falseThe principal activity of the Company is property management and property development.2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08406867 2024-01-01 2024-12-31 08406867 2023-01-01 2023-12-31 08406867 2024-12-31 08406867 2023-12-31 08406867 2023-01-01 08406867 c:Director2 2024-01-01 2024-12-31 08406867 d:PlantMachinery 2024-01-01 2024-12-31 08406867 d:PlantMachinery 2024-12-31 08406867 d:PlantMachinery 2023-12-31 08406867 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08406867 d:MotorVehicles 2024-01-01 2024-12-31 08406867 d:MotorVehicles 2024-12-31 08406867 d:MotorVehicles 2023-12-31 08406867 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08406867 d:OfficeEquipment 2024-01-01 2024-12-31 08406867 d:OfficeEquipment 2024-12-31 08406867 d:OfficeEquipment 2023-12-31 08406867 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08406867 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08406867 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 08406867 d:FreeholdInvestmentProperty 2024-12-31 08406867 d:FreeholdInvestmentProperty 2023-12-31 08406867 d:LeaseholdInvestmentProperty 2024-01-01 2024-12-31 08406867 d:LeaseholdInvestmentProperty 2024-12-31 08406867 d:LeaseholdInvestmentProperty 2023-12-31 08406867 d:CurrentFinancialInstruments 2024-12-31 08406867 d:CurrentFinancialInstruments 2023-12-31 08406867 d:Non-currentFinancialInstruments 2024-12-31 08406867 d:Non-currentFinancialInstruments 2023-12-31 08406867 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08406867 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08406867 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08406867 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08406867 d:ShareCapital 2024-12-31 08406867 d:ShareCapital 2023-12-31 08406867 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08406867 d:RetainedEarningsAccumulatedLosses 2024-12-31 08406867 d:RetainedEarningsAccumulatedLosses 2023-12-31 08406867 c:OrdinaryShareClass2 2024-01-01 2024-12-31 08406867 c:OrdinaryShareClass2 2024-12-31 08406867 c:OrdinaryShareClass2 2023-12-31 08406867 c:OrdinaryShareClass3 2024-01-01 2024-12-31 08406867 c:OrdinaryShareClass3 2024-12-31 08406867 c:OrdinaryShareClass3 2023-12-31 08406867 c:FRS102 2024-01-01 2024-12-31 08406867 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08406867 c:FullAccounts 2024-01-01 2024-12-31 08406867 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08406867 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 08406867 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08406867 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 08406867 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 08406867 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08406867









MEADOW BARN DEVELOPMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MEADOW BARN DEVELOPMENTS LTD
REGISTERED NUMBER: 08406867

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
67,782
6,355

Investment property
 5 
6,692,375
6,661,818

  
6,760,157
6,668,173

CURRENT ASSETS
  

Stocks
  
2,566,024
2,136,630

Debtors: amounts falling due within one year
 6 
33,320
20,356

Cash at bank and in hand
  
166,283
13,634

  
2,765,627
2,170,620

Creditors: amounts falling due within one year
 7 
(286,202)
(642,192)

NET CURRENT ASSETS
  
 
 
2,479,425
 
 
1,528,428

TOTAL ASSETS LESS CURRENT LIABILITIES
  
9,239,582
8,196,601

Creditors: amounts falling due after more than one year
 8 
(3,059,906)
(2,516,266)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(487,223)
(486,662)

NET ASSETS
  
5,692,453
5,193,673


CAPITAL AND RESERVES
  

Called up share capital 
 10 
4
4

Profit and loss account
 11 
5,692,449
5,193,669

  
5,692,453
5,193,673


The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
MEADOW BARN DEVELOPMENTS LTD
REGISTERED NUMBER: 08406867
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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: 





Mrs S C Death
Director

Date: 11 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MEADOW BARN DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Meadow Barn Developments Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is Meadow Barn, Bluntisham Road, Colne, Huntingdon, Cambridgeshire, PE28 3LY.
The Company's functional and presentational currency is GBP.

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

TURNOVER

Turnover comprises revenue recognised by the Company in respect of property rental, fees and property sales for the year, exclusive of Value Added Tax. For rental income and fees turnover is recognised in the period in which the rental income and fees relate and is recognised as the fair value of the consideration received or receivable. For property sales turnover is recognised as the fair value of the consideration received or receivable and is recognised once the property sale is completed.

 
2.3

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.

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:

Plant and machinery
-
25%
Straight Line
Motor vehicles
-
25%
Straight Line
Office equipment
-
25%
Straight Line

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.

Page 3

 
MEADOW BARN DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

INVESTMENT PROPERTY

Investment property is carried at fair value derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.5

WORK IN PROGRESS

Work in progress is valued at the lower of cost and net realisable value after making due allowance for amounts transferred to cost of sales on completion of individual plots.  As estimation of profit is made when the sale of individual plots is recognised with the full profit being recognised when the site is completed.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
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.

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
MEADOW BARN DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
MEADOW BARN DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



COST OR VALUATION


At 1 January 2024
37,528
23,315
14,408
75,251


Additions
5,658
62,700
-
68,358



At 31 December 2024

43,186
86,015
14,408
143,609



DEPRECIATION


At 1 January 2024
33,055
23,315
12,526
68,896


Charge for the year on owned assets
3,412
2,613
906
6,931



At 31 December 2024

36,467
25,928
13,432
75,827



NET BOOK VALUE



At 31 December 2024
6,719
60,087
976
67,782



At 31 December 2023
4,473
-
1,882
6,355


5.


INVESTMENT PROPERTY


Freehold investment property
Long term leasehold investment property
Total

£
£
£



VALUATION


At 1 January 2024
3,839,216
2,822,602
6,661,818


Additions at cost
30,557
-
30,557



AT 31 DECEMBER 2024
3,869,773
2,822,602
6,692,375

The 2022 valuations were made by Thomas Morris and Millsopps Estate Agents, on an open market value for existing use basis.



AT 31 DECEMBER 2024




Page 6

 
MEADOW BARN DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
14,128
13,827

Other debtors
14,485
-

Prepayments and accrued income
4,707
6,529

33,320
20,356



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
8,407
8,928

Corporation tax
167,215
121,986

Other taxation and social security
5,203
12,792

Other creditors
91,750
491,750

Accruals and deferred income
13,627
6,736

286,202
642,192


Included within other creditors are amounts due to defined contribution pension schemes of £392 (2023 - £393).


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Other creditors
3,059,906
2,516,266

3,059,906
2,516,266


Page 7

 
MEADOW BARN DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
486,662
489,108


Charged to profit or loss
561
(2,446)



AT END OF YEAR
487,223
486,662

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,990
1,429

Capital gains
485,233
485,233

487,223
486,662


10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



200 (2023 - 200) A Ordinary shares of £0.01 each
2
2
200 (2023 - 200) B Ordinary shares of £0.01 each
2
2

4

4



11.


RESERVES

Profit and loss account

Includes all current and prior year retained profit and losses. The balance of £5,692,449 (2023 -  £5,193,669) includes £1,593,970 (2023 - £1,593,970) that is not distributable.

 
Page 8