REGISTERED NUMBER: 09234124 (England and Wales)

Financial Statements for the Year Ended 31 October 2024

for

Meadowbank Healthcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A S Cohen

REGISTERED OFFICE:

5 Spring Villa Road

Edgware

Middlesex

HA8 7EB

BUSINESS ADDRESS:

44 Braywick Road

Maidenhead

Berkshire

SL6 1DA

REGISTERED NUMBER:

09234124 (England and Wales)

ACCOUNTANTS:

Passer Chevern & Co

Chartered Accountants

5 Spring Villa Road

Edgware

Middlesex

HA8 7EB

FIXED ASSETS

Intangible assets

4

141,667

241,667

Tangible assets

5

2,388,674

2,263,975

2,530,341

2,505,642

CURRENT ASSETS

Debtors

6

1,273,398

1,148,562

Cash at bank

67,519

48,504

1,340,917

1,197,066

CREDITORS

Amounts falling due within one year

7

2,481,721

2,439,498

NET CURRENT LIABILITIES

(1,140,804

)

(1,242,432

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,389,537

1,263,210

PROVISIONS FOR LIABILITIES

12,899

19,512

NET ASSETS

1,376,638

1,243,698

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,376,637

1,243,697

1,376,638

1,243,698

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

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 director and authorised for issue on 25 September 2025 and were signed by:

A S Cohen - Director

1.	STATUTORY INFORMATION

Meadowbank Healthcare 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.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Improvements to freehold

-

not provided

Integral Features

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

1,000,000

AMORTISATION

At 1 November 2023

758,333

Amortisation for year

100,000

At 31 October 2024

858,333

NET BOOK VALUE

At 31 October 2024

141,667

At 31 October 2023

241,667

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Integral

property

freehold

Features

£

£

£

COST

At 1 November 2023

1,517,545

621,457

80,000

Additions

-

153,964

-

At 31 October 2024

1,517,545

775,421

80,000

DEPRECIATION

At 1 November 2023

-

-

60,667

Charge for year

-

-

8,000

At 31 October 2024

-

-

68,667

NET BOOK VALUE

At 31 October 2024

1,517,545

775,421

11,333

At 31 October 2023

1,517,545

621,457

19,333

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2023

292,590

6,118

2,517,710

Additions

-

-

153,964

At 31 October 2024

292,590

6,118

2,671,674

DEPRECIATION

At 1 November 2023

187,997

5,071

253,735

Charge for year

20,919

346

29,265

At 31 October 2024

208,916

5,417

283,000

NET BOOK VALUE

At 31 October 2024

83,674

701

2,388,674

At 31 October 2023

104,593

1,047

2,263,975

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

44,768

49,143

Amounts owed by associates

1,216,760

1,087,749

Other debtors

10,000

10,000

Prepayments

1,870

1,670

1,273,398

1,148,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to associates

1,848,864

1,894,686

Tax

562,256

459,681

Social security and other

taxes

10,612

17,938

Other creditors

3,154

-

Accrued exps & other creditors

53,896

48,021

Deferred income & fee advance

2,939

19,172

2,481,721

2,439,498