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REGISTERED NUMBER: 04439767 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MEREDENE LIMITED

MEREDENE LIMITED (REGISTERED NUMBER: 04439767)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEREDENE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: D Worthy





REGISTERED OFFICE: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 04439767 (England and Wales)





ACCOUNTANTS: Cooper Parry Advisory Limited
First Floor, Davidson House
Forbury Square
Reading
Berkshire
RG1 3EU

MEREDENE LIMITED (REGISTERED NUMBER: 04439767)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 40,723 60,098
Investment property 5 6,450,000 6,450,000
6,490,723 6,510,098

CURRENT ASSETS
Debtors 6 11,605 18,023
Cash at bank 182,460 161,875
194,065 179,898
CREDITORS
Amounts falling due within one year 7 2,308,936 2,459,420
NET CURRENT LIABILITIES (2,114,871 ) (2,279,522 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,375,852

4,230,576

CREDITORS
Amounts falling due after more than one
year

8

(80,721

)

(84,151

)

PROVISIONS FOR LIABILITIES 10 (65,310 ) (67,935 )
NET ASSETS 4,229,821 4,078,490

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 1,388,810 1,388,810
Retained earnings 2,840,911 2,689,580
SHAREHOLDERS' FUNDS 4,229,821 4,078,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MEREDENE LIMITED (REGISTERED NUMBER: 04439767)

BALANCE SHEET - continued
31 MARCH 2025


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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 7 August 2025 and were signed by:





D Worthy - Director


MEREDENE LIMITED (REGISTERED NUMBER: 04439767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Meredene Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Rentals receivable
Rentals receivable are recognised over the period to which they relate.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property
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.

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.


MEREDENE LIMITED (REGISTERED NUMBER: 04439767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued
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.

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.

Impairment of fixed assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or asset's cash generating unit, is estimated and compared to its carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss, unless it's carried at a revalued amount, where the impairment loss is a revaluation decrease.

Employee benefits
Short-term employees' benefits are recognised as an expense in the period in which they are incurred.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the report date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

MEREDENE LIMITED (REGISTERED NUMBER: 04439767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2024 117,396
Additions 5,057
Disposals (27,168 )
At 31 March 2025 95,285
DEPRECIATION
At 1 April 2024 57,298
Charge for year 15,553
Eliminated on disposal (18,289 )
At 31 March 2025 54,562
NET BOOK VALUE
At 31 March 2025 40,723
At 31 March 2024 60,098

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2024
and 31 March 2025 6,450,000
NET BOOK VALUE
At 31 March 2025 6,450,000
At 31 March 2024 6,450,000

Investment properties were valued shortly after the year end 2024 by Haslams Surveyors (Rics qualified) at an open market value of £6,450,000.

Fair value at 31 March 2025 is represented by:
£
Valuation in 2024 6,450,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 11,605 18,023

MEREDENE LIMITED (REGISTERED NUMBER: 04439767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 20,400 46,896
Trade creditors 529 10,629
Taxation and social security 57,939 53,118
Other creditors 2,230,068 2,348,777
2,308,936 2,459,420

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans 80,721 84,151

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Bank loans 101,121 131,047

The bank loans are secured over the company's freehold and leasehold property

10. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax 65,310 67,935

Deferred tax
£
Balance at 1 April 2024 67,935
Credit to Income Statement during year (2,625 )
Balance at 31 March 2025 65,310

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2 Ordinary of £1 each £1 2 2
98 Ordinary - Non voting of £1
each £1 98 98
100 100

MEREDENE LIMITED (REGISTERED NUMBER: 04439767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


12. RESERVES
Revaluation
reserve
£
At 1 April 2024
and 31 March 2025 1,388,810