0 false false false false false false false false false false true false false false false true true No description of principal activity 2024-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 765,855 765,855 765,855 xbrli:pure xbrli:shares iso4217:GBP NI602864 2024-10-01 2025-09-30 NI602864 2025-09-30 NI602864 2024-09-30 NI602864 2023-10-01 2024-09-30 NI602864 2024-09-30 NI602864 2023-09-30 NI602864 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 NI602864 bus:Director1 2024-10-01 2025-09-30 NI602864 core:WithinOneYear 2025-09-30 NI602864 core:WithinOneYear 2024-09-30 NI602864 core:AfterOneYear 2025-09-30 NI602864 bus:AllOrdinaryShares 2024-10-01 2025-09-30 NI602864 bus:AllOrdinaryShares 2023-10-01 2024-09-30 NI602864 core:ShareCapital 2025-09-30 NI602864 core:ShareCapital 2024-09-30 NI602864 core:RetainedEarningsAccumulatedLosses 2025-09-30 NI602864 core:RetainedEarningsAccumulatedLosses 2024-09-30 NI602864 core:CostValuation core:Non-currentFinancialInstruments 2025-09-30 NI602864 core:Non-currentFinancialInstruments 2025-09-30 NI602864 core:Non-currentFinancialInstruments 2024-09-30 NI602864 bus:SmallEntities 2024-10-01 2025-09-30 NI602864 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 NI602864 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 NI602864 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 NI602864 bus:FullAccounts 2024-10-01 2025-09-30 NI602864 bus:OrdinaryShareClass1 2025-09-30 NI602864 bus:OrdinaryShareClass1 2024-09-30
COMPANY REGISTRATION NUMBER: NI602864

Meadowvale Retail Limited

Filleted Unaudited Financial Statements

30 September 2025

Meadowvale Retail Limited

Statement of Financial Position

30 September 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Investments | 5 |  | 765,855 | 765,855

Current assets

Cash at bank and in hand | 86,331 |  | 8,219

Creditors: amounts falling due within one year | 6 | 458,724 |  | 498,415
| --------- |  | ---------
Net current liabilities |  | 372,393 | 490,196
|  | --------- | ---------
Total assets less current liabilities |  | 393,462 | 275,659

Creditors: amounts falling due after more than one year | 7 |  | 122,667 | –
|  | --------- | ---------
Net assets |  | 270,795 | 275,659
|  | --------- | ---------

Capital and reserves

Called up share capital | 8 |  | 1 | 1
Profit and loss account | 9 |  | 270,794 | 275,658
|  | --------- | ---------
Shareholder funds |  | 270,795 | 275,659
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Meadowvale Retail Limited

Statement of Financial Position (continued)

30 September 2025
These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Mr M Quinn |
Director |

Company registration number: NI602864

Meadowvale Retail Limited

Notes to the Financial Statements

Year ended 30 September 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is c/o FEB Chartered Accountants, Linenhall Exchange, 26 Linenhall Street, Belfast, BT2 8BG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Dividends

| 2025 | 2024
| £ | £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) | 40,000 | 40,000
| -------- | --------

5. Investments

| Shares in group undertakings
| £
Cost |
At 1 October 2024 and 30 September 2025 | 765,855
| ---------
Impairment |
At 1 October 2024 and 30 September 2025 | –
| ---------

Carrying amount |
At 30 September 2025 | 765,855
| ---------
At 30 September 2024 | 765,855
| ---------

Subsidiaries, associates and other investments
As at the balance sheet date the company held the following investments in subsidiary undertakings: Subsidiary Holding Nature of Country of Business Incorporation Glendale 100% £1 Retail Northern Stores Ordinary Ireland Limited Shares Meadowvale 100% £1 Retail Northern Trading Ordinary Ireland Limited Shares The aggregate share capital and reserves and the profit for the year of the subsidiary are as follows: 2025 2024 Aggregate share capital and reserves Glendale Stores Limited 295,943 377,814 Meadowvale Trading Limited 250,747 210,984 Profit and (loss) for the year Glendale Stores Limited (41,871) 9,699 Meadowvale Trading Limited 39,763 37,425 In the opinion of the directors the investment in and any amounts due from the company's subsidiary undertaking is worth at least the amounts at which they are stated in the balance sheet. The company is exempt by virtue of Section 398 of the Companies Act 2006 from the requirement to prepare group accounts.
6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 32,000 | 31,441
Amounts owed to group and related undertakings | 383,977 | 424,227
Other creditors | 42,747 | 42,747
| --------- | ---------
| 458,724 | 498,415
| --------- | ---------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 122,667 | –
| --------- | ----

8. Called up share capital
Issued, called up and fully paid

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

9. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
10. Director's advances, credits and guarantees
The company was under the control of Mr Michael Quinn throughout the current and previous year. Mr Quinn is the managing director and majority shareholder.
11. Related party transactions
During the year Glendale Stores Limited, a subsidiary company, received net repayments from Meadowvale Retail Limited of £40,250 (2024: received loan payments from the subsidiary of £7,000). At the year end the amount owed to Glendale Stores Limited by Meadowvale Retail Limited was £383,967 (2024: £424,217).