Mereford Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04512045 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Mereford Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Allen

B G Eades

W D Tracey

REGISTERED OFFICE:

Universal Square

Building 2

3rd floor

Devonshire Street North

M12 6JH

REGISTERED NUMBER:

04512045 (England and Wales)

ACCOUNTANTS:

U&W Limited

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

-

3,690,325

1

3,690,326

CURRENT ASSETS

Debtors

6

2,607,622

1,125,507

Cash at bank

117,374

45,745

2,724,996

1,171,252

CREDITORS

Amounts falling due within one year

7

794,382

298,983

NET CURRENT ASSETS

1,930,614

872,269

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,930,615

4,562,595

CREDITORS

Amounts falling due after more than one
year

8

-

2,295,081

NET ASSETS

1,930,615

2,267,514

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

10

1,930,613

2,267,512

SHAREHOLDERS' FUNDS

1,930,615

2,267,514

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2026 and were signed on its behalf by:

C Allen - Director

1.	STATUTORY INFORMATION

Mereford Developments Ltd 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 represents rental income from the property.

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.

Freehold property

-

not provided

Fixtures and fittings

-

at variable rates 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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

1

NET BOOK VALUE

At 31 August 2025

1

At 31 August 2024

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 September 2024

3,645,000

375,112

4,020,112

Disposals

(3,645,000

)

(375,112

)

(4,020,112

)

At 31 August 2025

-

DEPRECIATION

At 1 September 2024

-

329,787

Charge for year

-

45,325

Eliminated on disposal

-

(375,112

)

(375,112

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

3,645,000

45,325

3,690,325

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

-

7,449

Other debtors

706,504

366,866

Associated company loan

1,901,118

747,162

Prepayments

-

4,030

2,607,622

1,125,507

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Bank loans and overdrafts

9,167

10,000

Tax

230,842

3,292

VAT

553,373

13,172

Deposits

-

200,000

Associated company loan

-

60,000

Accrued expenses

1,000

12,519

794,382

298,983

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.25

31.8.24

£

Bank loans

-

2,295,081

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

2

Ordinary

£1

2

10.

RESERVES

Retained

earnings

£

At 1 September 2024

2,267,512

Deficit for the year

(336,899

)

At 31 August 2025

1,930,613