Meadowmoor Estates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04889690 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

MEADOWMOOR ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C M Margulies

Mrs R Margulies

SECRETARY:

Mrs R Margulies

REGISTERED OFFICE:

186 Lordship Road

South Tottenham

London

N16 5ES

REGISTERED NUMBER:

04889690 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

187

220

Investment property

5

567,163

567,163

567,350

567,383

CURRENT ASSETS

Debtors

6

4,379

1,389

Cash at bank

11,687

1,906

16,066

3,295

CREDITORS

Amounts falling due within one year

7

249,126

244,873

NET CURRENT LIABILITIES

(233,060

)

(241,578

)

TOTAL ASSETS LESS CURRENT LIABILITIES

334,290

325,805

CREDITORS

Amounts falling due after more than one year

8

248,642

257,475

NET ASSETS

85,648

68,330

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

85,647

68,329

SHAREHOLDERS' FUNDS

85,648

68,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2020 and were signed on its behalf by:

C M Margulies - Director

1.	STATUTORY INFORMATION

Meadowmoor Estates Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2018

and 30 September 2019

1,576

DEPRECIATION

At 1 October 2018

1,356

Charge for year

33

At 30 September 2019

1,389

NET BOOK VALUE

At 30 September 2019

187

At 30 September 2018

220

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2018

and 30 September 2019

567,163

NET BOOK VALUE

At 30 September 2019

567,163

At 30 September 2018

567,163

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

3,780

790

Other debtors

599

599

4,379

1,389

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Taxation and social security

4,091

948

Other creditors

245,035

243,925

249,126

244,873

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans

248,642

257,475

30.9.19

30.9.18

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

137,100

137,100

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 October 2018

68,329

Profit for the year

17,318

At 30 September 2019

85,647

11.	ULTIMATE CONTROLLING PARTY

The controlling party is C M Margulies.