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Registration number: 04623923

1535 Melting Point Management Company Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

1535 Melting Point Management Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

1535 Melting Point Management Company Limited

Company Information

Directors

Mr R Brown

Mrs K Matthews

Mrs C J Keenan

Registered office

12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN

Accountants

Walker & Sutcliffe
Chartered Accountants
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN

 

1535 Melting Point Management Company Limited

(Registration number: 04623923)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Current assets

 

Debtors

4

6,097

9,283

Cash at bank and in hand

 

184,021

137,246

 

190,118

146,529

Creditors: Amounts falling due within one year

5

(190,111)

(146,522)

Net assets

 

7

7

Reserves

 

Retained earnings

7

7

Surplus

 

7

7

 

1535 Melting Point Management Company Limited

(Registration number: 04623923)
Balance Sheet as at 31 December 2021

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 July 2022 and signed on its behalf by:
 

.........................................
Mrs K Matthews
Director

.........................................
Mrs C J Keenan
Director

 

1535 Melting Point Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN

The principal place of business is:
Adair Paxton LLP
First Floor, Sanderson House
22 Station Road, Horsforth
Leeds
West Yorkshire
LS18 5NT
England

These financial statements were authorised for issue by the Board on 26 July 2022.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The presentational currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

1535 Melting Point Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2020 - 3).

4

Debtors

Current

Note

2021
£

2020
£

Amounts owed by related parties

2,451

6,359

Prepayments

 

3,646

2,924

 

1535 Melting Point Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

5

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Trade creditors

1,913

438

Accruals and deferred income

7,616

7,756

Other creditors

180,582

138,328

190,111

146,522

6

Sinking fund (included in Other creditors)

2021
£

2020
 £

Brought forward

138,328

151,134

LED lighting project

-

(6,471)

CCTV installation

-

(17,040)

Roofing works, building control and wall rebuild

-

(18,296)

Lift refurbishment

-

(23,700)

Replacement fire panels

-

(9,368)

Flat roof replacement phase III

-

(3,528)

Drain works phase I

-

(2,473)

Profit/loss to sinking fund

56,702

68,070

Fire risk assessment

(6,240)

-

Remedial work fire risk assessment

(6,048)

-

Additional security cameras

(2,160)

-

180,582

138,328