Company registration number 11487802 (England and Wales)
MEASOM DRYLINE (SOUTH WEST) LTD
(FORMERLY KINGSTON DRYWALL (SOUTH EAST) LTD)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MEASOM DRYLINE (SOUTH WEST) LTD
(FORMERLY KINGSTON DRYWALL (SOUTH EAST) LTD)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MEASOM DRYLINE (SOUTH WEST) LTD
(FORMERLY KINGSTON DRYWALL (SOUTH EAST) LTD)
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
190,121
4,205
Cash at bank and in hand
9,409
196,461
199,530
200,666
Creditors: amounts falling due within one year
5
(1,000)
(1,166)
Net current assets
198,530
199,500
Capital and reserves
Called up share capital
6
200,000
200,000
Profit and loss reserves
(1,470)
(500)
Total equity
198,530
199,500

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 September 2026
V Cooper
Director
Company registration number 11487802 (England and Wales)
MEASOM DRYLINE (SOUTH WEST) LTD
(FORMERLY KINGSTON DRYWALL (SOUTH EAST) LTD)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Measom Dryline (South West) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Yard, Exploration Drive, Leicester, Leicestershire, UK, LE4 5JD.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements,the director has a reasonable expectation that the company, with the ongoing support of the parent company, has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at 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.

1.4
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

MEASOM DRYLINE (SOUTH WEST) LTD
(FORMERLY KINGSTON DRYWALL (SOUTH EAST) LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
MEASOM DRYLINE (SOUTH WEST) LTD
(FORMERLY KINGSTON DRYWALL (SOUTH EAST) LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
4,205
Amounts owed by group undertakings
190,000
-
0
Other debtors
121
-
0
190,121
4,205
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
-
0
138
Taxation and social security
-
0
528
Other creditors
1,000
500
1,000
1,166
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
200,000
200,000
200,000
200,000

On 2 December 2025 100% of the share capital of the company was transferred to Measom (Dryline) Limited.

7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

MEASOM DRYLINE (SOUTH WEST) LTD
(FORMERLY KINGSTON DRYWALL (SOUTH EAST) LTD)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
7
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
Thomas Mayfield BA FCA
Statutory Auditor:
Mayfield & Co.
Date of audit report:
24 September 2026
8
Events after the reporting date

On 2 April 2026, 100% of the share capital in F.C. Measom Limited was transferred to Wycomb Holdings Limited. At this date Wycomb Holdings Limited became the ultimate controlling party of 1934 Limited.

9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

10
Parent company

The company is wholly owned by Measom (Dryline) Limited, a company registered in England & Wales whose registered office address is 1934 The Yard, Exploration Drive, Leicester, LE4 5JD.

 

The ultimate parent company is F.C.Measom Limited, a company registered in England & Wales whose registered office address is 1934 The Yard, Exploration Drive, Leicester, LE4 5JD.

 

The company is included within the consolidated financial statements of F.C. Measom Limited and copies of these can be obtained from Companies House.

11
Related party transactions

The company has taken advantage of the exemption not to disclose related party transactions with wholly owned subsidiaries within the group.

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