Melinda Property Trading Limited
Registered number: 09634996
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 1,249,513 1,241,612
Debtors 3 10,228 9,781
Cash at bank and in hand 20,923 32,212
1,280,664 1,283,605
Creditors: amounts falling due within one year 4 (179,452) (146,946)
Net current assets 1,101,212 1,136,659
Total assets less current liabilities 1,101,212 1,136,659
Creditors: amounts falling due after more than one year 5 (1,049,039) (1,055,000)
Net assets 52,173 81,659
Capital and reserves
Called up share capital 1 1
Profit and loss account 52,172 81,658
Shareholders' funds 52,173 81,659
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Wheeler
Director
Approved by the board on 22 November 2023
Melinda Property Trading Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of trading properties and is recognised when the significant risks and rewards of ownership have transferred to the buyer.

Other operating income is measured at the fair value of the consideration received or receivable for rents and other property related items, net of discounts and value added taxes. Other operating income is recognised when the service is provided.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Related Party Disclosures
The company is a wholly owned subsidiary of Melinda Property Services Limited. The company has therefore taken advantage of the exemption in Financial Reporting Standard 102 (as applied to small entities by Section 1A of the standard) from the requirement to disclose transactions with other wholly owned subsidiaries in the Group and the parent company.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors 9,380 9,247
Other debtors 848 534
10,228 9,781
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 427 1,440
Amounts owed to group undertakings and undertakings in which the company has a participating interest 166,086 130,100
Taxation and social security costs - 5,955
Other creditors 12,939 9,451
179,452 146,946
Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,049,039 1,055,000
1,049,039 1,055,000
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 1,049,039 1,055,000
Bank loans are secured over the trading property held by the company, incur interest at base rate plus 3.5% and expire in December 2027.
7 Controlling party
The immediate parent undertaking is Melinda Property Services Limited. The ultimate controlling parties are L Wheeler and C Williams, by virtue of their majority shareholding in Melinda Property Services Limited .
8 Other information
Melinda Property Trading Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Park Place
Newdigate Road
Harefield
Middlesex
UB9 6EJ
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