REGISTERED NUMBER: 02615522 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025

FOR

MEALBANK PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L.W. Procter

Mr P.L. Procter

Mr P.F. Stanton

Mr S.N. Stanton

SECRETARY:

Mr P.F. Stanton

REGISTERED OFFICE:

Lake District Business Park

Mint Bridge Road

Kendal

Cumbria

LA9 6NH

REGISTERED NUMBER:

02615522 (England and Wales)

ACCOUNTANTS:

DCB Accountants Limited

Unit 6 Mereside

Greenbank Road

Eden Business Park

Penrith

Cumbria

CA11 9FB

FIXED ASSETS

Tangible assets

4

7,676,398

7,801,912

CURRENT ASSETS

Debtors

5

168,351

154,374

Cash at bank

14,638

13,231

182,989

167,605

CREDITORS

Amounts falling due within one year

6

2,959,705

3,146,481

NET CURRENT LIABILITIES

(2,776,716

)

(2,978,876

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,899,682

4,823,036

CREDITORS

Amounts falling due after more than one year

7

(2,496,751

)

(2,756,203

)

PROVISIONS FOR LIABILITIES

8

(60,581

)

(72,726

)

NET ASSETS

2,342,350

1,994,107

CAPITAL AND RESERVES

Called up share capital

9

900

900

Retained earnings

10

2,341,450

1,993,207

SHAREHOLDERS' FUNDS

2,342,350

1,994,107

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 21st April 2026 and were signed on its behalf by:

Mr L.W. Procter - Director

Mr P.F. Stanton - Director

1.	STATUTORY INFORMATION

Mealbank Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st August 2024

8,946,977

4,450,995

13,397,972

Additions

-

176,810

176,810

At 31st July 2025

8,946,977

4,627,805

13,574,782

DEPRECIATION

At 1st August 2024

1,461,795

4,134,265

5,596,060

Charge for year

178,939

123,385

302,324

At 31st July 2025

1,640,734

4,257,650

5,898,384

NET BOOK VALUE

At 31st July 2025

7,306,243

370,155

7,676,398

At 31st July 2024

7,485,182

316,730

7,801,912

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

168,351

154,374

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

414,906

249,387

Trade creditors

63,738

86,229

Loan - Mealbank Partnership

2,034,704

2,344,204

Tax

271,226

296,424

VAT

31,940

30,375

Accrued expenses

143,191

139,862

2,959,705

3,146,481

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Directors' loan account

798,038

798,038

Bank loans

1,243,160

1,502,612

Related company loans

455,553

455,553

2,496,751

2,756,203

The Directors loan account and amounts owing to related companies are not expected to be repaid for the foreseeable future, as referred to in note 15 to these financial statements.

8.	PROVISIONS FOR LIABILITIES

31.7.25

31.7.24

£

£

Deferred taxation

60,581

72,726

Deferred

tax

£

Balance at 1st August 2024

72,726

Utilised during year

(12,145

)

Balance at 31st July 2025

60,581

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

900

Ordinary

£1

900

900

10.

RESERVES

Retained

earnings

£

At 1st August 2024

1,993,207

Profit for the year

648,243

Dividends

(300,000

)

At 31st July 2025

2,341,450

11.	RELATED PARTY DISCLOSURES

Both Mr L.W. Procter and Mr P.L. Procter are Directors and also major shareholders in Mealbank Estates Limited, which has made a loan to the Company. The loan outstanding at 31 July 2025 was £455,553 ( 2024 - £455,553) upon which interest is being paid at 3% over the Clearing Bank Base Rate in force, subject to a minimum rate of 9% per annum. Repayment of this loan is not expected to be made for the foreseeable future.