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REGISTERED NUMBER: 10308015 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MEADES GROUP LIMITED

| MEADES GROUP LIMITED (REGISTERED NUMBER: 10308015) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MEADES GROUP LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | Mr P B Meades

| Mrs J McDonald

| Mrs E Meades

| REGISTERED OFFICE: | 39 The Metro Centre

| Tolpits Lane

| Watford

| Hertfordshire

| WD18 9SB

| REGISTERED NUMBER: | 10308015 (England and Wales)

| ACCOUNTANTS: | Meades Group Limited

| 39 The Metro Centre

| Tolpits Lane

| Watford

| Hertfordshire

| WD18 9SB

| MEADES GROUP LIMITED (REGISTERED NUMBER: 10308015) |

BALANCE SHEET

31ST MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 19,003 |  | 24,187 |  |

Tangible assets | 5 | 685,678 |  | 687,345 |  |

704,681 |  | 711,532 |  |

CURRENT ASSETS

Debtors | 6 | 4,751 |  | 3,744 |  |

Investments | 7 | 45 |  | 45 |  |

Cash at bank | 35,469 |  | 62,314 |  |

40,265 |  | 66,103 |  |

CREDITORS

Amounts falling due within one year | 8 | 102,848 |  | 94,985 |  |

NET CURRENT LIABILITIES | (62,583 | ) | (28,882 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 642,098 |  | 682,650 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (491,360 | ) | (544,504 | ) |

PROVISIONS FOR LIABILITIES | - |  | (510 | ) |

NET ASSETS | 150,738 |  | 137,636 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 150,638 |  | 137,536 |  |

SHAREHOLDERS' FUNDS | 150,738 |  | 137,636 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

| MEADES GROUP LIMITED (REGISTERED NUMBER: 10308015) |

BALANCE SHEET - continued

31ST MARCH 2025

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 Board of Directors and authorised for issue on 18th November 2025 and were signed on its behalf by:

Mr P B Meades - Director

| MEADES GROUP LIMITED (REGISTERED NUMBER: 10308015) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| Meades Group 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.

| The financial statements have been prepared on the going concern basis, on the assumption that the company will continue to trade for the foreseeable future, despite it having net current liabilities of £62,583 (2024 - £28,882) as at the balance sheet date.

| The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

| Turnover

| Turnover represents fees received for accountancy services.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

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

| Computer equipment | - | 25% on reducing balance

| Freehold property's fair value will be assessed at the end of each accounting period and adjusted accordingly.

| Deferred tax is provided on any revaluations at the rate expected to apply when the property is sold.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 7 ) .

| MEADES GROUP LIMITED (REGISTERED NUMBER: 10308015) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1st April 2024

| and 31st March 2025 | 51,835 |  |

| AMORTISATION

| At 1st April 2024 | 27,648 |  |

| Charge for year | 5,184 |  |

| At 31st March 2025 | 32,832 |  |

| NET BOOK VALUE

| At 31st March 2025 | 19,003 |  |

| At 31st March 2024 | 24,187 |  |

5. | TANGIBLE FIXED ASSETS

| Freehold |  | Computer |

| property |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st April 2024 | 683,300 |  | 7,447 |  | 690,747 |  |

| Disposals | - |  | (1,512 | ) | (1,512 | ) |

| At 31st March 2025 | 683,300 |  | 5,935 |  | 689,235 |  |

| DEPRECIATION

| At 1st April 2024 | - |  | 3,402 |  | 3,402 |  |

| Charge for year | - |  | 829 |  | 829 |  |

| Eliminated on disposal | - |  | (674 | ) | (674 | ) |

| At 31st March 2025 | - |  | 3,557 |  | 3,557 |  |

| NET BOOK VALUE

| At 31st March 2025 | 683,300 |  | 2,378 |  | 685,678 |  |

| At 31st March 2024 | 683,300 |  | 4,045 |  | 687,345 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 4,098 |  | 3,744 |  |

| Deferred tax asset | 653 |  | - |  |

4,751 |  | 3,744 |  |

| MEADES GROUP LIMITED (REGISTERED NUMBER: 10308015) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

7. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Shares in group undertakings | 45 |  | 45 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 30,000 |  | 30,000 |  |

| Mortgage payable | 20,247 |  | 20,247 |  |

| Trade creditors | 2,803 |  | 3,448 |  |

| Corporation tax | 18,814 |  | 14,795 |  |

| VAT | 23,478 |  | 19,273 |  |

| Credit card balances | 7,506 |  | 7,222 |  |

102,848 |  | 94,985 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans more than a year | 55,078 |  | 69,258 |  |

| Mortgage payable more than a

| year | 361,282 |  | 382,246 |  |

| Other creditors | 15,000 |  | 30,000 |  |

| Directors' loan accounts | 60,000 |  | 63,000 |  |

491,360 |  | 544,504 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Mortgage payable | 381,529 |  | 402,493 |  |

| The mortgage payable is secured by the freehold property.

11. | RELATED PARTY DISCLOSURES

| The directors' loan account balances of £60,000 (2024 - £63,000) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.