Meadfoot (Kilmorie Land) Limited 00961233 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is The principal activity of the company is that of the concern with the interests of the freeholders of the land purchased in December 1969 at the rear of the block of flats known as "Kilmorie", also the walled garden adjacent to "Kilmorie", Ilsham Marine Drive, Torquay. This will continue and no other activities are envisaged. Digita Accounts Production Advanced 6.30.9574.0 true 00961233 2024-07-01 2025-06-30 00961233 2025-06-30 00961233 core:CurrentFinancialInstruments 2025-06-30 00961233 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 00961233 core:LandBuildings core:OwnedOrFreeholdAssets 2025-06-30 00961233 bus:SmallEntities 2024-07-01 2025-06-30 00961233 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 00961233 bus:FilletedAccounts 2024-07-01 2025-06-30 00961233 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 00961233 bus:RegisteredOffice 2024-07-01 2025-06-30 00961233 bus:Director3 2024-07-01 2025-06-30 00961233 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 00961233 core:LandBuildings 2024-07-01 2025-06-30 00961233 core:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties 2024-07-01 2025-06-30 00961233 countries:England 2024-07-01 2025-06-30 00961233 2024-06-30 00961233 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 00961233 2023-07-01 2024-06-30 00961233 2024-06-30 00961233 core:CurrentFinancialInstruments 2024-06-30 00961233 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 00961233 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 00961233

Meadfoot (Kilmorie Land) Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Meadfoot (Kilmorie Land) Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 5

Meadfoot (Kilmorie Land) Limited

(Registration number: 00961233)
Statement of Financial Position as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 15,875 | 15,875
Current assets |  |  |
Debtors | 5 | 2,608 | 2,551
Net assets |  | 18,483 | 18,426
Capital and reserves |  |  |
Called up share capital |  | 16,100 | 16,100
Profit and loss account |  | 2,383 | 2,326
Shareholders' funds |  | 18,483 | 18,426

For the financial year ending 30 June 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 and 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 23 February 2026 and signed on its behalf by:

Mr P Scullion Director

Meadfoot (Kilmorie Land) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

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

The address of its registered office is:
The Cottage Kilmorie
Ilsham Marine Drive
Torquay
Devon
TQ1 2HU

The company is a non-profit making undertaking.

Principal activity

The principal activity of the company is The principal activity of the company is that of the concern with the interests of the freeholders of the land purchased in December 1969 at the rear of the block of flats known as "Kilmorie", also the walled garden adjacent to "Kilmorie", Ilsham Marine Drive, Torquay. This will continue and no other activities are envisaged.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Meadfoot (Kilmorie Land) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Freehold property | not depreciated

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Meadfoot (Kilmorie Land) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 July 2024 | 15,875 | 15,875
At 30 June 2025 | 15,875 | 15,875
Depreciation
Carrying amount
At 30 June 2025 | 15,875 | 15,875
At 30 June 2024 | 15,875 | 15,875

Included within the net book value of land and buildings above is £15,875 (2024 - £15,875) in respect of freehold land and buildings.

The directors consider that the market value of the freehold land and buildings is in excess of the amount shown in the financial statements but as these assets are used in the company's business and no disposals are envisaged the excess is not quantified and no depreciation is charged.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 2,608 | 2,551
| 2,608 | 2,551

6 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

Meadfoot (Kilmorie Land) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

7 | Related party transactions

Summary of transactions with other related parties

The land adjoining the company's land is owned by Kilmorie Ltd, which maintains the company's land and also pays rent of £70 per annum for the cottage on the company's land. Kilmorie Ltd owns 300 £1 ordinary shares of the company's total issued capital. There is an amount due by Kilmorie Ltd of £2,608 (2024: £2,551) in respect of rent due, less expenses paid by Kilmorie Ltd.