Company No: 01534813 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

G Harmer-Ingleman

SECRETARY

Victoria Rose Chadderton

REGISTERED OFFICE	C/O S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD
	United Kingdom

COMPANY NUMBER

01534813 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD

	Note	30.05.2025		31.05.2024
		£		£
Fixed assets
Tangible assets	4	177		208
Investment property	5	310,000		180,000
		310,177		180,208
Current assets
Debtors	6	1,033		988
Cash at bank and in hand	7	15,387		10,449
		16,420		11,437
Creditors: amounts falling due within one year	8	( 5,607)		( 5,131)
Net current assets		10,813		6,306
Total assets less current liabilities		320,990		186,514
Provision for liabilities	9, 10	( 27,500)		( 6,500)
Net assets		293,490		180,014
Capital and reserves
Called-up share capital	11	100		100
Fair value reserve		195,275		86,275
Profit and loss account		98,115		93,639
Total shareholder's funds		293,490		180,014

For the financial period ending 30 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Meadspare Limited (registered number: 01534813) were approved and authorised for issue by the Director on 28 May 2026. They were signed on its behalf by:

G Harmer-Ingleman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Meadspare Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O S&W Partners (Manchester) Limited, Pall Mall, 1 Pollen Square, 59 King Street, Manchester, M2 4PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Meadspare Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover comprises of rental income receivable. Income from property sales will be recognised on legal completion.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	Period from 01.06.2024 to 30.05.2025		Year ended 31.05.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including the director	1		1

3. Dividends on equity shares

	Period from 01.06.2024 to 30.05.2025		Year ended 31.05.2024
	£		£
Amounts recognised as distributions to equity holders in the financial period:
Paid	6,000		14,000

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 June 2024	2,990		2,990
At 30 May 2025	2,990		2,990
Accumulated depreciation
At 01 June 2024	2,782		2,782
Charge for the financial period	31		31
At 30 May 2025	2,813		2,813
Net book value
At 30 May 2025	177		177
At 31 May 2024	208		208

5. Investment property

	Investment property
	£
Valuation
As at 01 June 2024	180,000
Fair value movement	130,000
As at 30 May 2025	310,000

The investment properties were valued on 30th May 2025 by the director who is internal to the company, the basis of the valuation was open market with existing use. This class of asset has a current value of £310,000 (2024 - £180,000) and a historical cost of £87,225 (2024 - £87,225)

6. Debtors

	30.05.2025		31.05.2024
	£		£
Other debtors	1,033		988

7. Cash and cash equivalents

	30.05.2025		31.05.2024
	£		£
Cash at bank and in hand	15,387		10,449

8. Creditors: amounts falling due within one year

	30.05.2025		31.05.2024
	£		£
Taxation and social security	2,465		2,597
Other creditors	3,142		2,534
	5,607		5,131

9. Provision for liabilities

	30.05.2025		31.05.2024
	£		£
Deferred tax	27,500		6,500

10. Deferred tax

	30.05.2025		31.05.2024
	£		£
At the beginning of financial period/year	( 6,500)		0
Charged to the Profit and Loss Account	( 21,000)		( 6,500)
At the end of financial period/year	( 27,500)		( 6,500)

11. Called-up share capital

	30.05.2025		31.05.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100