Company Registration No. 09501499 (England and Wales)
Tech Meadow Ltd
Unaudited accounts
for the year ended 31 March 2019
Tech Meadow Ltd
Unaudited accounts
Contents
Tech Meadow Ltd
Company Information
for the year ended 31 March 2019
Company Number
09501499 (England and Wales)
Registered Office
99 Clapton Common
London
E5 9AB
Accountants
Precision Ltd
32 Castlewood Road
London
N16 6DW
Tech Meadow Ltd
Statement of financial position
as at 31 March 2019
Investment property
100,000
-
Debtors
1,095,289
2,299,946
Creditors: amounts falling due within one year
(1,049,648)
(3,089,576)
Net current assets
45,641
13,715
Total assets less current liabilities
145,642
13,715
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
126,542
13,615
Shareholders' funds
126,642
13,715
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 23 December 2019.
Yisroel Kohn
Director
Company Registration No. 09501499
Tech Meadow Ltd
Notes to the Accounts
for the year ended 31 March 2019
Tech Meadow Ltd is a private company, limited by shares, registered in England and Wales, registration number 09501499. The registered office is 99 Clapton Common, London, E5 9AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Net gain from fair value adjustments
100,000
5
Investments
Subsidiary undertakings
Valuation at 1 April 2018
-
Valuation at 31 March 2019
1
Work in progress
-
803,345
Tech Meadow Ltd
Notes to the Accounts
for the year ended 31 March 2019
Amounts due from group undertakings etc.
1,094,077
2,198,345
Other debtors
1,212
101,601
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
1,699,910
Taxes and social security
9,718
(4,988)
Other creditors
1,038,130
1,393,454
9
Deferred taxation
2019
2018
Revaluation of investment property
19,000
-
Charged to other comprehensive income
19,000
-
Provision at end of year
19,000
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Transactions with related parties
Other Debtors include an amount due from a subsidiary known as Tech Meadow Sub Ltd of £1,094,078 (2018: £2,198,344).
12
Average number of employees
During the year the average number of employees was 0 (2018: 0).
