Meadstone Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Meadstone Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01645823 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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.

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'.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

2.4. Investment Properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

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Meadstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises

2.8. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Investment Properties
	£
Cost
As at 1 April 2025	1,400,000

As at 31 March 2026	1,400,000

Net Book Value
As at 31 March 2026	1,400,000

As at 1 April 2025	1,400,000

The investment property was valued by the Director, on a fair value basis, at the carrying value above on 31st March 2025.

5. Investments

	Other
	£
Cost or Valuation
As at 1 April 2025	98

As at 31 March 2026	98

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	98

As at 1 April 2025	98

The company owns 98% ordinary share capital of Meadstone Developments Limited, a company registered in England and Wales. Meadstone Developments Limited registered office address is Hanover Buildings, 11-13 Hanover Street, Liverpool, L1 3DN.

Meadstone Developments Limited financial information for period end 31st March 2025:

Capital and reserves £57,019

Loss for the period £Nil

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Meadstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	30,289	28,668
Other debtors	1,019,957	1,031,000

	1,050,246	1,059,668

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	360	-
Amounts owed to group undertakings	57,019	58,045
Other creditors	22,638	21,517
Taxation and social security	62,661	63,844

	142,678	143,406

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

9. Directors Advances, Credits and Guarantees

During the year the following loans and advances were made to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Richard Jones	316,367	624,438	48,312	-	892,494
Mrs Ceri Roberts	9,188	12,000	312	-	20,876

The above loans are interest free and repayable on demand.

10. Related Party Transactions

The following related party transactions were undertaken during the year:

A subsidiary undertaking repaid amounts totalling £1,026 (2025: £Nil) and received amounts totalling £Nil (2025: £Nil). At the balance sheet date the amount payable was £57,019 (2025: £58,045).

Dividends were paid to the directors in respect of their shareholders totalling £48,000 (2025: £Nil).

No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland".

11. Profit and loss reserve account

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Meadstone Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account includes both distributable and non distributable as follows:

Profit and (loss) distributable

As at 31/03/2026 £4,348,807

As at 31/03/2025 £4,238,544

Profit and (loss) non-distributable

As at 31/03/2026 £530,952

As at 31/03/2025 £530,952

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,400,000		1,400,000
Investments	5		98		98

			1,400,098		1,400,098
CURRENT ASSETS
Debtors	6	1,050,246		1,059,668
Cash at bank and in hand		2,749,079		2,630,121

		3,799,325		3,689,789
Creditors: Amounts Falling Due Within One Year	7	(142,678 )		(143,406 )

NET CURRENT ASSETS (LIABILITIES)			3,656,647		3,546,383

TOTAL ASSETS LESS CURRENT LIABILITIES			5,056,745		4,946,481

PROVISIONS FOR LIABILITIES
Deferred Taxation			(176,984 )		(176,984 )

NET ASSETS			4,879,761		4,769,497

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			4,879,759		4,769,495

SHAREHOLDERS' FUNDS			4,879,761		4,769,497