Company Registration No. 10347585 (England and Wales)
MEADWAY DEVELOPMENTS & LETTINGS LTD
Unaudited accounts
for the year ended 31 August 2025
MEADWAY DEVELOPMENTS & LETTINGS LTD
Unaudited accounts
Contents
MEADWAY DEVELOPMENTS & LETTINGS LTD
Company Information
for the year ended 31 August 2025
Company Number
10347585 (England and Wales)
Registered Office
123 The Ringway
Queniborough
Leicester
LE7 3DP
Accountants
AJD Accountancy Services Ltd
The Bungalow
Coppice Lane
Queniborough
Leicester
LE7 3DR
MEADWAY DEVELOPMENTS & LETTINGS LTD
Statement of financial position
as at 31 August 2025
Investment property
1,018,000
1,018,000
Cash at bank and in hand
4,105
2,660
Creditors: amounts falling due within one year
(1,495)
(1,495)
Net current assets
9,794
6,489
Total assets less current liabilities
1,028,510
1,025,384
Creditors: amounts falling due after more than one year
(864,086)
(871,291)
Provisions for liabilities
Deferred tax
(42,761)
(42,761)
Net assets
121,663
111,332
Called up share capital
100
100
Profit and loss account
121,563
111,232
Shareholders' funds
121,663
111,332
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 January 2026 and were signed on its behalf by
G Brewin
Director
Company Registration No. 10347585
MEADWAY DEVELOPMENTS & LETTINGS LTD
Notes to the Accounts
for the year ended 31 August 2025
MEADWAY DEVELOPMENTS & LETTINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 10347585. The registered office is 123 The Ringway, Queniborough, Leicester, LE7 3DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration of rents received or receivable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Investment properties are included at market fair value determined annually from the current market rents and investment yields and from similar properties in the area. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MEADWAY DEVELOPMENTS & LETTINGS LTD
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 September 2024
1,018,000
At 31 August 2025
1,018,000
Investment properties are included at market fair value determined annually from the current market rents and investment yields and from similar properties in the area by the director.
Amounts falling due after more than one year
Accrued income and prepayments
7,184
5,324
7
Creditors: amounts falling due within one year
2025
2024
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
738,500
722,336
Loans from directors
125,586
148,955
Bank loans are secured against the investment property and are interest only repayments. Mortgage interest is charged on the loans at between 3.3% and 4.24%.
MEADWAY DEVELOPMENTS & LETTINGS LTD
Notes to the Accounts
for the year ended 31 August 2025
9
Transactions with related parties
The director has provided the company with an unsecured loan. The balance of the loan at the year end was £125,586 (£2024 £148,955) and is included in creditors due after one year. There is no interest charged on the loan and there are no fixed repayment terms.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).