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Registration number: 11250571

Friary Meadow Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Friary Meadow Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Friary Meadow Limited

Company Information

Directors | J P Matthews P J H Smith

Company secretary | S J Ladyman

Registered office | 11-15 Wigmore Street C/o Frogmore London W1A 2JZ

Accountants | Burton Sweet Limited Chartered Accountants & Business Advisors Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Friary Meadow Limited

(Registration number: 11250571)
Balance Sheet
31 March 2025

| Note | Year ended 31 March 2025 £ | Year ended 31 March 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,145 | 5,175
Current assets |  |  |
Debtors | 5 | 1,796 | 1,928
Cash at bank and in hand |  | 23,209 | 30,993
|  | 25,005 | 32,921
Creditors: Amounts falling due within one year | 6 | (29,064) | (38,010)
Net current liabilities |  | (4,059) | (5,089)
Net assets |  | 86 | 86
Capital and reserves |  |  |
Called up share capital |  | 86 | 86
Shareholders' funds |  | 86 | 86

Friary Meadow Limited

(Registration number: 11250571)
Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:

......................................... J P Matthews Director

Friary Meadow Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11-15 Wigmore Street
C/o Frogmore
London
W1A 2JZ

These financial statements were authorised for issue by the Board on 31 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

Basis of preparation

The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102. The Financial Reporting Standard Applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget, future cash flows and the current economic climate in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate any expected adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Friary Meadow Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The company anticipates that the service charge arrangements are not withing the scope of Corporaiotn Tax and the the 'dormat' status for Corporation Tax purposes will be agreed in due course.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 25% reducing balance
Office Equipment | 15% reducing balance
Fixtures & Fittings | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Friary Meadow Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 12).

Friary Meadow Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 9,471 | 1,670 | 1,447 | 12,588
Additions | 240 | - | - | 240
At 31 March 2025 | 9,711 | 1,670 | 1,447 | 12,828
Depreciation
At 1 April 2024 | 5,745 | 1,085 | 583 | 7,413
Charge for the year | 994 | 147 | 129 | 1,270
At 31 March 2025 | 6,739 | 1,232 | 712 | 8,683
Carrying amount
At 31 March 2025 | 2,972 | 438 | 735 | 4,145
At 31 March 2024 | 3,726 | 585 | 864 | 5,175

5 | Debtors

| Year ended 31 March 2025 £ | Year ended 31 March 2024 £
Other debtors | 86 | 86
Prepayments | 1,710 | 1,842
| 1,796 | 1,928

Friary Meadow Limited

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

6 | Creditors

Creditors: amounts falling due within one year

| Year ended 31 March 2025 £ | Year ended 31 March 2024 £
Due within one year |  |
Taxation and social security | 5,894 | 5,410
Accruals and deferred income | 23,170 | 18,433
Other creditors | - | 14,167
| 29,064 | 38,010

7 | Related party transactions

During the year the company received services charge income of £401,190 (2024: £441,497) from a related party.

8 | Off-balance sheet arrangements

Financial commitments not on Balance sheet
Total financial commitments which are not included in the balance sheet from operation leases between 2-5 years amount to £Nil (2024: £16,513).