REGISTERED NUMBER: 13634905 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Meadows Yard Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M A Wells

SECRETARY:

Mrs L M Tibballs

REGISTERED OFFICE:

The Meadows

Forester Road

Soberton Heath

Southampton

Hampshire

SO32 3QG

REGISTERED NUMBER:

13634905 (England and Wales)

AUDITORS:

Alliott Wingham Limited

Kintyre House

70 High Street

Fareham

Hampshire

PO16 7BB

FIXED ASSETS

Investment property

4

1,377,000

600,000

CURRENT ASSETS

Debtors

5

7,750

31,952

Cash at bank

64,767

37,821

72,517

69,773

CREDITORS

Amounts falling due within one year

6

86,733

-

NET CURRENT (LIABILITIES)/ASSETS

(14,216

)

69,773

TOTAL ASSETS LESS CURRENT LIABILITIES

1,362,784

669,773

CREDITORS

Amounts falling due after more than one year

7

(1,224,819

)

(474,819

)

PROVISIONS FOR LIABILITIES

(34,466

)

(34,466

)

NET ASSETS

103,499

160,488

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

103,399

103,399

Retained earnings

-

56,989

103,499

160,488

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr M A Wells - Director

1.	STATUTORY INFORMATION

Meadows Yard 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Properties are valued annually at market value with vacant possession. It is assumed that a marketing period of six months is required to achieve these values. There is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Taxation

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

600,000

Additions

777,000

At 31 December 2024

1,377,000

NET BOOK VALUE

At 31 December 2024

1,377,000

At 31 December 2023

600,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

137,865

Cost

1,239,135

1,377,000

Investment Properties were valued at their fair value on 13 September 2022 by Eddisons, who are not connected to the company. As at 31 December 2024 the directors valued the Investment Properties on an open market basis, by reference to market evidence of transaction prices for similar properties.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

7,750

31,952

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

82,465

-

Taxation and social security

4,268

-

86,733

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

1,224,819

474,819

8.	SECURED DEBTS

The parent company, Taine Holdings Limited, have a floating debenture over all assets of the company.

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

103,399

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Nolan FCA (Senior Statutory Auditor)

for and on behalf of Alliott Wingham Limited

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

On 29 October 2024 a director sold two parcels of commercial land to the company totalling £777,000.

12.	ULTIMATE CONTROLLING PARTY

As at the year end the ultimate parent company was Taine Holdings Limited which is incorporated in England & Wales.

The ultimate controlling party is Mr M A Wells.