ACCOUNTS - Final Accounts preparation

Registered number: 02990194

MEWSLADE (EASTERN) LIMITED

AUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

MEWSLADE (EASTERN) LIMITED

REGISTERED NUMBER: 02990194

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		1		1
			1		1
Current assets
Stocks	5	2,500		2,500
Debtors: amounts falling due within one year	6	1,166		1,275
Cash at bank and in hand		103,109		96,674
		106,775		100,449
Creditors: amounts falling due within one year	7	(3,696)		(2,237)
Net current assets			103,079		98,212
Total assets less current liabilities			103,080		98,213

Net assets			103,080		98,213

Capital and reserves
Called up share capital	2	2
Retained earnings	103,078	98,211
	103,080	98,213

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MEWSLADE (EASTERN) LIMITED

REGISTERED NUMBER: 02990194

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 comprehensive income 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 on 28 July 2025.

A Allaway

Director

The notes on pages 3 to 6 form part of these financial statements.

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MEWSLADE (EASTERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Mewslade (Eastern) Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number is 02990194 and the registered office is The Warehouse, Wyndham Arcade, St Mary Street, Cardiff, Wales, CF10 1FH.
The presentation currency of the financial statements is Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest £.

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

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

2.3

Going concern

In preparing the financial statements, the directors have considered the current financial position of the company and likely future cash flows. The company has made a profit in the year, and has both net current assets and net assets at the balance sheet date.
The directors have assessed the risks facing the business from the current economic uncertainty and implemented measures to address these risks.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.4

Turnover

Turnover represents net invoiced administration fees, excluding value added tax.
Revenue is recognised evenly over the period to which the service relates.

2.5

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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MEWSLADE (EASTERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Stocks

Stocks are valued at the lower of cost and selling price less costs to sell. At each reporting date an assessment is made for impairment. Any excess of the carrying value of stocks over its estimated selling price less costs to sell, is recognised as an impairment in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.7

Interest income

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

2.8

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.

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.

Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

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MEWSLADE (EASTERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Shares in group undertaking
		£
	Cost or valuation
	At 1 January 2024	1
	At 31 December 2024	1

5.	Stocks
		2024	2023
		£	£

Stocks	2,500	2,500
	2,500	2,500

Debtors

					2024	2023
					£	£


Trade debtors	332	499
Prepayments and accrued income	834	776
	1,166	1,275

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	1,300	100
Accruals and deferred income	2,396	2,137
	3,696	2,237

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MEWSLADE (EASTERN) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Controlling party

The immediate parent company is G Securities Limited, a company incorporated in England and Wales.
G Securities Limited is a wholly owned subsidiary of G Capital Limited.
The ultimate controlling party is the director Mr N J C Griffith, as the controlling party of G Capital Limited.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 12 September 2025 by James Dobson BSc (Hons) FCA (Senior Statutory Auditor) on behalf of MHA.

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).

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