Meadowcorp Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02609782 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th November 2017

for

MEADOWCORP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R Kevill

Mr R Grayson

SECRETARY:

Mrs K A Gibbons

REGISTERED OFFICE:

High Street Chambers

High Street

Chorley

Lancashire

PR7 1DU

REGISTERED NUMBER:

02609782 (England and Wales)

ACCOUNTANTS:

Abrams Ashton

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Investment property

4

300,000

310,000

CURRENT ASSETS

Debtors

5

-

9,451

Cash at bank

26,095

17,627

26,095

27,078

CREDITORS

Amounts falling due within one year

6

160,813

161,729

NET CURRENT LIABILITIES

(134,718

)

(134,651

)

TOTAL ASSETS LESS CURRENT LIABILITIES

165,282

175,349

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

(60,338

)

(50,338

)

Retained earnings

225,520

225,587

SHAREHOLDERS' FUNDS

165,282

175,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 3rd April 2018 and were signed on its behalf by:

Mr R Grayson - Director

1.	STATUTORY INFORMATION

Meadowcorp 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The 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 as modified by the revaluation of certain assets.

These financial statements for the year ended 30th November 2017 are the first financial statements that comply

with FRS 102 Section 1A for small entities. The date of transition is 1st December 2015.

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.

Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction

costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on

these movements. Gains and losses arising from changes in fair value are included in the Statement of Income

and Retained Earnings in the period in which they arise.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank

overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2016

310,000

Revaluations

(10,000

)

At 30th November 2017

300,000

NET BOOK VALUE

At 30th November 2017

300,000

At 30th November 2016

310,000

Fair value at 30th November 2017 is represented by:

£

Valuation in 2001

9,662

Valuation in 2005

36,500

Valuation in 2008

(41,500

)

Valuation in 2011

(55,000

)

Valuation in 2017

(10,000

)

Cost

360,338

300,000

If Investment Property had not been revalued it would have been included at the following historical cost:

30.11.17

30.11.16

£

£

Cost

360,338

360,338

Investment Property was valued on an open market basis on 30th November 2017 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

-

9,451

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Amount due to holding company

156,500

156,500

Deferred income

1,583

2,499

Accruals

2,730

2,730

160,813

161,729

7.	ULTIMATE CONTROLLING PARTY

Meadowcorp Limited is 100% subsidiary of Chorley Land Company Limited. Richard Grayson and Roger

Kevill are considered to be the ultimate controlling parties due to having significant influence and control over

Chorley Land Company Limited.