REGISTERED NUMBER: 03617316 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

MEADCROFT RESIDENTS COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C K T Gallagher

P J Yeo

E Conroy

N C S Bousfield

S Drepaul

SECRETARY:

C K T Gallagher

REGISTERED OFFICE:

21 Gatton Park Road

Redhill

Surrey

RH1 2DZ

REGISTERED NUMBER:

03617316 (England and Wales)

FIXED ASSETS

Tangible assets

4

24,191

24,191

CURRENT ASSETS

Debtors

5

65

300

Cash at bank

28,262

30,250

28,327

30,550

CREDITORS

Amounts falling due within one year

6

(1,216

)

(1,762

)

NET CURRENT ASSETS

27,111

28,788

TOTAL ASSETS LESS CURRENT LIABILITIES

51,302

52,979

CAPITAL AND RESERVES

Called up share capital

11

11

Share premium

21,674

21,674

Retained earnings

29,617

31,294

51,302

52,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

C K T Gallagher - Director

1.	STATUTORY INFORMATION

Meadcroft Residents Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company exists to hold the reversionary interest in the freehold of 21 - 41 Gatton Park Road, Redhill. The costs of maintaining the property and contributions receivable from lessees are shown separately in the accounts.

These financial statements have been prepared in accordance with the provisions of Section 1A "Smaller Entities" of Financial Reporting Standard 102 2The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

Turnover

Turnover represents service charges invoiced.

Tangible fixed assets

No depreciation is provided because the freehold valuation represents the reversionary interest in the freehold of 21 - 41 Gatton Park Road. The directors assess annually the need to provide for any impairment in recoverable amounts below valuation.

Taxation

The company has no liability to tax as it soley exists to collect the maintenance charge levied on the leaseholders (who are also shareholders) and pay the maintenance expenses, with any surplus being carried forward to cover future maintenance expenses and liabilities.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Land

£

COST

At 1 March 2024

and 28 February 2025

24,191

NET BOOK VALUE

At 28 February 2025

24,191

At 29 February 2024

24,191

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

65

300

The trade debtors refer to maintenance charges owed by the leaseholders at the year end.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

475

475

Other creditors

741

1,287

1,216

1,762