2022-06-012023-05-312023-05-31false11372509MLN Developments 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MLN Developments Limited

Registered Number
11372509
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

MLN Developments Limited
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

Lisa Michelle Jones
Matthew Stephen Nickless

Registered Address

Stubley Meadow
Stubley Mill Road
Littleborough
OL15 8HP

Registered Number

11372509 (England and Wales)
MLN Developments Limited
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6349,109356,623
349,109356,623
Current assets
Cash at bank and on hand14,54217,973
14,54217,973
Creditors amounts falling due within one year7(8,627)(8,265)
Net current assets (liabilities)5,9159,708
Total assets less current liabilities355,024366,331
Creditors amounts falling due after one year8(33,856)(39,920)
Net assets321,168326,411
Capital and reserves
Called up share capital22
Profit and loss account321,166326,409
Shareholders' funds321,168326,411
The financial statements were approved and authorised for issue by the Board of Directors on 7 November 2023, and are signed on its behalf by:
Matthew Stephen Nickless
Director
Registered Company No. 11372509
MLN Developments Limited
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in he year end under review was that of property development and rental.
4.Accounting policies
Property, plant and equipment policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year11
6.Property, plant and equipment

Land & buildings

Total

££
Cost or valuation
At 01 June 22379,623379,623
At 31 May 23379,623379,623
Depreciation and impairment
At 01 June 2223,00023,000
Charge for year7,5147,514
At 31 May 2330,51430,514
Net book value
At 31 May 23349,109349,109
At 31 May 22356,623356,623
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables472448
Bank borrowings and overdrafts5,0005,000
Taxation and social security1,9541,617
Accrued liabilities and deferred income1,2011,200
Total8,6278,265
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts33,85639,920
Total33,85639,920