Meadsale Limited - Period Ending 2020-11-30

Meadsale Limited

Profit and Loss Account for the Year Ended 30 November 2020

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Meadsale Limited

(Registration number: 03314668)
Balance Sheet as at 30 November 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	3	225,971	225,971
Creditors: Amounts falling due within one year	4	(227,626)	(227,626)
Net liabilities		(1,655)	(1,655)
Capital and reserves
Called up share capital	5	2	2
Profit and loss account		(1,657)	(1,657)
Shareholders' deficit		(1,655)	(1,655)

For the financial year ending 30 November 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 6 April 2021 and signed on its behalf by:
 

.........................................

Professor A M Glazer
Director

Meadsale Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Talmont House
Barford Road
Bloxham
Oxon
OX15 4EZ

These financial statements were authorised for issue by the Board on 6 April 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Nil

Share capital

Ordinary shares are classified as equity.

Meadsale Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2020

3	Tangible assets

	Total £
Cost or valuation
At 1 December 2019	225,971
At 30 November 2020	225,971
Depreciation
Carrying amount
At 30 November 2020	225,971
At 30 November 2019	225,971

Included within the net book value of land and buildings above is £225,971 (2019 - £225,971) in respect of freehold land and buildings.
 

4

Creditors

	Note	2020 £	2019 £
Due within one year
Amounts due to related parties		227,626	227,626

5	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary Shares of £1 each	2	2	2	2