REGISTERED NUMBER: 07810846 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mead Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Richard Anthony Mead

Mr Philip Martin Mead

Mr Martin Edward Mead

Mr Michael Edward Mead

REGISTERED OFFICE:

Liberty Barns

Heath Road

Swaffham Prior

Cambridge

Cambridgeshire

CB25 0LA

REGISTERED NUMBER:

07810846 (England and Wales)

FIXED ASSETS

Investment property

5

400,000

400,000

CURRENT ASSETS

Stocks

1,014,371

948,199

Debtors

6

9,215

10,360

Cash at bank

5,558

4,839

1,029,144

963,398

CREDITORS

Amounts falling due within one year

7

1,307,273

1,190,712

NET CURRENT LIABILITIES

(278,129

)

(227,314

)

TOTAL ASSETS LESS CURRENT LIABILITIES

121,871

172,686

PROVISIONS FOR LIABILITIES

21,989

-

NET ASSETS

99,882

172,686

CAPITAL AND RESERVES

Called up share capital

4

4

Fair value reserve

9

65,966

65,966

Retained earnings

33,912

106,716

99,882

172,686

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

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

The directors acknowledge their 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.

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 by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

Mr Martin Edward Mead - Director

1.	STATUTORY INFORMATION

Mead Homes 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

400,000

NET BOOK VALUE

At 31 December 2024

400,000

At 31 December 2023

400,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

87,955

Cost

312,045

400,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

312,045

312,045

Investment properties were valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

9,215

10,360

Included within other debtors is a balance of £9,215 (2023 - £10,245) in relation to prepayments and a balance of £Nil (2023 - £115) in relation to other debtors.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

877

852

Amounts owed to group undertakings

1,129,882

1,017,882

Taxation and social security

6,155

6,131

Other creditors

170,359

165,847

1,307,273

1,190,712

Included within other creditors is a balance of £165,074 (2023 - £165,074) in relation to directors' loan account and a balance of £5,285 (2023 - £773) in relation to accruals.

8.	LEASING AGREEMENTS

Lessor:

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2024

2023

£

£

Within one year

4,025

4,025

Between two and five years

Total

4,025

4,025

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

65,966