REGISTERED NUMBER: 06060361 (England and Wales)

Meadside Developments Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Vaughan

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

06060361 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Svenska Handelsbanken AB

66 Queen Square

Bristol

BS1 4JP

FIXED ASSETS

Tangible assets

5

-

-

Investment property

6

360,000

360,000

360,000

360,000

CURRENT ASSETS

Debtors

6,644

5,040

Cash at bank

2,384

9,352

9,028

14,392

CREDITORS

Amounts falling due within one year

212,373

240,404

NET CURRENT LIABILITIES

(203,345

)

(226,012

)

TOTAL ASSETS LESS CURRENT LIABILITIES

156,655

133,988

CAPITAL AND RESERVES

Called up share capital

100

100

Investment property reserve

29,099

29,099

Retained earnings

127,456

104,789

SHAREHOLDERS' FUNDS

156,655

133,988

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2025 and were signed by:

Mrs S Vaughan - Director

1.	STATUTORY INFORMATION

Meadside Developments 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.	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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

Straight line over 3 years

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

953

DEPRECIATION

At 1 February 2024

and 31 January 2025

953

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

360,000

NET BOOK VALUE

At 31 January 2025

360,000

At 31 January 2024

360,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2016

36,373

Valuation in 2009

323,627

360,000

If 3 A-C Cemetery Road had not been revalued they would have been included at the following historical cost:

31.1.25

31.1.24

£

£

Cost

323,627

323,627

Investment property was valued on an open market basis on 31 January 2024 by the directors .

7.	SECURED DEBTS

All liabilities to Svenska Handelsbanken are secured by a fixed charge over all assets of the company which includes a specific charge over 3 A-C Cemetery Road, Totterdown, Bristol, BS4 2AL.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Vaughan.

The company was controlled throughout the current and previous period by virtue of the fact that she owns all of the company's issued share capital.