REGISTERED NUMBER: 00537332 (England and Wales)

S.MEREDITH INVESTMENTS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S S Meredith

Mrs E S Meredith

SECRETARY:

Ms S S Meredith

REGISTERED OFFICE:

Llety'r Cymro

Llwyndafydd

LLANDYSUL

Ceredigion

SA44 6DD

REGISTERED NUMBER:

00537332 (England and Wales)

ACCOUNTANTS:

D M B Davies Limited

Broyan House

Priory Street

Cardigan

Ceredigion

SA43 1BZ

FIXED ASSETS

Investments

4

3,813,224

3,570,796

Investment property

5

1,000,000

1,000,000

4,813,224

4,570,796

CURRENT ASSETS

Debtors

6

-

64

Cash at bank

237,770

231,777

237,770

231,841

CREDITORS

Amounts falling due within one year

7

42,430

38,465

NET CURRENT ASSETS

195,340

193,376

TOTAL ASSETS LESS CURRENT LIABILITIES

5,008,564

4,764,172

PROVISIONS FOR LIABILITIES

623,094

585,000

NET ASSETS

4,385,470

4,179,172

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Revaluation reserve

8

932,610

932,610

Retained earnings

3,352,860

3,146,562

4,385,470

4,179,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

Mrs E S Meredith - Director

1.	STATUTORY INFORMATION

S.Meredith Investments Ltd 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 as modified by the revaluation of certain assets.

Investment property

Investment properties are revalued annually at fair value and any surplus or deficit is dealt with through the profit & loss account. No depreciation is provided in respect of investment properties.

The revaluation gain is shown as a Non-distributable reserve.

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.

Income from investments

Rental income is the gross rent receivable for the year.

Income from investments consists of dividends which are recognized when the shareholder's right to receive payment is established.

Interest receivable includes interest from listed investments.

Investments

Listed investments are measured at fair value. Changes in fair value are included in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6 April 2024

3,570,796

Additions

92,194

Revaluations

150,234

At 5 April 2025

3,813,224

NET BOOK VALUE

At 5 April 2025

3,813,224

At 5 April 2024

3,570,796

Cost or valuation at 5 April 2025 is represented by:

Other

investments

£

Valuation in 2025

2,848,090

Cost

965,134

3,813,224

The listed investments have been revalued at closing bid price.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

1,000,000

NET BOOK VALUE

At 5 April 2025

1,000,000

At 5 April 2024

1,000,000

Fair value at 5 April 2025 is represented by:

£

Valuation in 2025

972,610

Cost

27,390

1,000,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

27,390

27,390

Freehold investment property was valued on fair open market value basis on 5 April 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

64

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

14,876

14,113

Other creditors

27,554

24,352

42,430

38,465

8.

RESERVES

Revaluation

reserve

£

At 6 April 2024

and 5 April 2025

932,610