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Registration number: 03705919

Meadow Farm Marina Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Meadow Farm Marina Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Statement of Changes in Equity | 4
Notes to the Unaudited Financial Statements | 5 to 12

Meadow Farm Marina Ltd

Company Information

Directors | N. L. A. Hinsley J. A. Hinsley

Company secretary | J. A. Hinsley

Registered office | Westwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Accountants | Robert Whowell & Partners LLP Chartered AccountantsWestwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Meadow Farm Marina Ltd

(Registration number: 03705919)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 1 | 1
Tangible assets | 5 | 6,080,909 | 6,111,712
|  | 6,080,910 | 6,111,713
Current assets |  |  |
Stocks | 6 | 248,643 | 375,762
Debtors | 7 | 244,637 | 255,208
Cash at bank and in hand |  | 543,887 | 338,208
|  | 1,037,167 | 969,178
Creditors: Amounts falling due within one year | 8 | (676,212) | (722,223)
Net current assets |  | 360,955 | 246,955
Total assets less current liabilities |  | 6,441,865 | 6,358,668
Creditors: Amounts falling due after more than one year | 8 | (468,582) | (515,228)
Provisions for liabilities |  | (878,369) | (884,923)
Net assets |  | 5,094,914 | 4,958,517
Capital and reserves |  |  |
Called up share capital | 9 | 1 | 1
Capital redemption reserve |  | 1 | 1
Revaluation reserve |  | 3,174,824 | 3,174,824
Retained earnings |  | 1,920,088 | 1,783,691
Shareholders' funds |  | 5,094,914 | 4,958,517

Meadow Farm Marina Ltd

(Registration number: 03705919)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 Profit and Loss Account.

Approved and authorised by the Board on 21 April 2026 and signed on its behalf by:

......................................... N. L. A. Hinsley Director

Meadow Farm Marina Ltd

Statement of Changes in Equity for the Year Ended 31 December 2025

| Share capital £ | Capital redemption reserve £ | Revaluation reserve £ | Profit and loss account £ | Total £
At 1 January 2025 | 1 | 1 | 3,174,824 | 1,783,691 | 4,958,517
Profit for the year | - | - | - | 166,397 | 166,397
Total comprehensive income | - | - | - | 166,397 | 166,397
Dividends | - | - | - | (30,000) | (30,000)
At 31 December 2025 | 1 | 1 | 3,174,824 | 1,920,088 | 5,094,914

| Share capital £ | Capital redemption reserve £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 January 2024 | 1 | 1 | 2,723,141 | 1,762,189 | 4,485,332
Profit for the year | - | - | - | 51,502 | 51,502
Other comprehensive income | - | - | 451,683 | - | 451,683
Total comprehensive income | - | - | 451,683 | 51,502 | 503,185
Dividends | - | - | - | (30,000) | (30,000)
At 31 December 2024 | 1 | 1 | 3,174,824 | 1,783,691 | 4,958,517

Meadow Farm Marina Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

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

The address of its registered office is:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the Board on 21 April 2026.

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.

Departures from Companies Act requirements

It is considered that the residual value and life of the freehold property is such that depreciation would be immaterial. The directors perform annual impairment reviews in accordance with the requirements of the Financial Reporting Standard 102 to ensure that the recoverable amount is not lower than the carrying value.
No depreciation is provided in respect of freehold property. This treatment conflicts with the Companies Act 2006 which requires all properties to be depreciated.
The effect of not departing from the Companies Act 2006 would be to reduce the reported profit for the year by depreciation. The amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amounts which might otherwise have been shown cannot be separately identified or quantified.

Meadow Farm Marina Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet 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 over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | Not depreciated
Fixtures and fittings | 15% reducing balance
Plant and machinery | 20% reducing balance

Meadow Farm Marina Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and goods for resale comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Meadow Farm Marina Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 2).

Meadow Farm Marina Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost
At 1 January 2025 | 1 | 1
At 31 December 2025 | 1 | 1
Carrying amount
At 31 December 2025 | 1 | 1
At 31 December 2024 | 1 | 1

Meadow Farm Marina Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Tangible assets

| Freehold property £ | Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 January 2025 | 5,885,471 | 142,411 | 447,866 | 6,475,748
Additions | - | - | 15,750 | 15,750
At 31 December 2025 | 5,885,471 | 142,411 | 463,616 | 6,491,498
Depreciation
At 1 January 2025 | - | 105,478 | 258,558 | 364,036
Charge for the year | - | 5,539 | 41,014 | 46,553
At 31 December 2025 | - | 111,017 | 299,572 | 410,589
Carrying amount
At 31 December 2025 | 5,885,471 | 31,394 | 164,044 | 6,080,909
At 31 December 2024 | 5,885,471 | 36,933 | 189,308 | 6,111,712

Revaluation

The fair value of the company's freehold property was revalued on 9 July 2024. The valuation was provided on an asset market value basis. The name and qualification of the independent valuer are Avison Young (UK) Limited, Chartered Surveyors.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,872,036 (2024 - £1,872,036).

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 248,643 | 375,762

Meadow Farm Marina Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 240,381 | 251,877
Prepayments | 4,256 | 3,331
| 244,637 | 255,208

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 45,000 | 40,000
Trade creditors |  | 387,083 | 353,896
Taxation and social security |  | 81,210 | 87,536
Accruals and deferred income |  | 34,440 | 41,960
Other creditors |  | 128,479 | 198,831
|  | 676,212 | 722,223

Creditors include bank loans which are secured of £45,000 (2024 - £40,000).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 468,582 | 515,228

Creditors include bank loans which are secured of £468,582 (2024 - £515,228).

Creditors include bank loans repayable by instalments of £288,582 (2024 - £355,228) due after more than five years.

Meadow Farm Marina Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 468,582 | 515,228

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 45,000 | 40,000

11 | Related party transactions

Summary of transactions with other related parties

During the year the directors have received dividends amounting to £30,000 (2024 - £30,000).