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REGISTERED NUMBER: SC124855 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

MEADOW HOME AND LEISURE LIMITED

MEADOW HOME AND LEISURE LIMITED (REGISTERED NUMBER: SC124855) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| MEADOW HOME AND LEISURE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2025

| DIRECTORS: | F K Taylor

| Mrs J M Taylor

| Mrs S J Taylor-Burnett

| SECRETARY: | F K Taylor

| REGISTERED OFFICE: | Station Road

| Mintlaw

| Aberdeenshire

| AB42 4JL

| REGISTERED NUMBER: | SC124855 (Scotland)

MEADOW HOME AND LEISURE LIMITED (REGISTERED NUMBER: SC124855) |

BALANCE SHEET

30 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 197,648 |  | 230,606 |  |

Investments | 7 | - |  | - |  |

Investment property | 8 | 165,000 |  | 165,000 |  |

362,648 |  | 395,606 |  |

CURRENT ASSETS

Stocks | 291,496 |  | 290,662 |  |

Debtors | 9 | 74,699 |  | 106,473 |  |

Cash at bank and in hand | 1,704,032 |  | 1,543,062 |  |

2,070,227 |  | 1,940,197 |  |

CREDITORS

Amounts falling due within one year | 10 | 585,172 |  | 456,420 |  |

NET CURRENT ASSETS | 1,485,055 |  | 1,483,777 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,847,703 |  | 1,879,383 |  |

PROVISIONS FOR LIABILITIES | 17,027 |  | 22,200 |  |

NET ASSETS | 1,830,676 |  | 1,857,183 |  |

CAPITAL AND RESERVES

Called up share capital | 22,100 |  | 22,100 |  |

Revaluation reserve | 11 | 89,270 |  | 89,270 |  |

Retained earnings | 1,719,306 |  | 1,745,813 |  |

SHAREHOLDERS' FUNDS | 1,830,676 |  | 1,857,183 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

MEADOW HOME AND LEISURE LIMITED (REGISTERED NUMBER: SC124855) |

BALANCE SHEET - continued

30 APRIL 2025

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 29 January 2026 and were signed on its behalf by:

F K Taylor - Director

Mrs J M Taylor - Director

MEADOW HOME AND LEISURE LIMITED (REGISTERED NUMBER: SC124855) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1. | STATUTORY INFORMATION

| Meadow Home and Leisure Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

| Going Concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

| Turnover

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

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 25% on cost and 20% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

MEADOW HOME AND LEISURE LIMITED (REGISTERED NUMBER: SC124855) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

3. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 12 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 60,000 |  |

| AMORTISATION

| At 1 May 2024

| and 30 April 2025 | 60,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

MEADOW HOME AND LEISURE LIMITED (REGISTERED NUMBER: SC124855) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

6. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 May 2024 | 362,668 |  | 200,637 |  | 563,305 |  |

| Additions | - |  | 1,408 |  | 1,408 |  |

| At 30 April 2025 | 362,668 |  | 202,045 |  | 564,713 |  |

| DEPRECIATION

| At 1 May 2024 | 183,886 |  | 148,813 |  | 332,699 |  |

| Charge for year | 7,253 |  | 27,113 |  | 34,366 |  |

| At 30 April 2025 | 191,139 |  | 175,926 |  | 367,065 |  |

| NET BOOK VALUE

| At 30 April 2025 | 171,529 |  | 26,119 |  | 197,648 |  |

| At 30 April 2024 | 178,782 |  | 51,824 |  | 230,606 |  |

7. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 135,000 |  |

| PROVISIONS

| At 1 May 2024

| and 30 April 2025 | 135,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

8. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024

| and 30 April 2025 | 165,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | 165,000 |  |

| At 30 April 2024 | 165,000 |  |

MEADOW HOME AND LEISURE LIMITED (REGISTERED NUMBER: SC124855) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2025

8. | INVESTMENT PROPERTY - continued

| Fair value at 30 April 2025 is represented by:

£ |

| Valuation in 2006 | 90,475 |  |

| Valuation in 2009 | 5,000 |  |

| Valuation in 2019 | 10,000 |  |

| Cost | 59,525 |  |

165,000 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 59,525 |  | 59,525 |  |

| Investment property was valued on an open market basis on 30 April 2025 by the directors .

| The directors believe that this is a fair reflection of the current market value at 30 April 2025. Deferred tax has been recognised on the revaluation amounting to £16,205 (2024 - £16,205).

9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 60,911 |  | 93,092 |  |

| Other debtors | 13,788 |  | 13,381 |  |

74,699 |  | 106,473 |  |

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 106,667 |  | 72,472 |  |

| Taxation and social security | 72,994 |  | 60,270 |  |

| Other creditors | 405,511 |  | 323,678 |  |

585,172 |  | 456,420 |  |

11. | RESERVES

| Revaluation

| reserve

£ |

| At 1 May 2024

| and 30 April 2025 | 89,270 |  |

12. | PENSION COMMITMENTS

| Included within Other creditors are outstanding pension contributions of £570 (2024 - £948).

13. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Frank and Jayne Taylor by virtue of their 100% shareholding.