Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30property investmentThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2022-12-01false22 10468292 2022-12-01 2023-11-30 10468292 2021-12-01 2022-11-30 10468292 2023-11-30 10468292 2022-11-30 10468292 c:Director1 2022-12-01 2023-11-30 10468292 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10468292 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10468292 d:ShareCapital 2023-11-30 10468292 d:ShareCapital 2022-11-30 10468292 d:RetainedEarningsAccumulatedLosses 2023-11-30 10468292 d:RetainedEarningsAccumulatedLosses 2022-11-30 10468292 c:OrdinaryShareClass1 2022-12-01 2023-11-30 10468292 c:OrdinaryShareClass1 2022-11-30 10468292 c:OrdinaryShareClass2 2022-12-01 2023-11-30 10468292 c:OrdinaryShareClass2 2023-11-30 10468292 c:OrdinaryShareClass3 2022-12-01 2023-11-30 10468292 c:OrdinaryShareClass3 2023-11-30 10468292 c:FRS102 2022-12-01 2023-11-30 10468292 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10468292 c:FullAccounts 2022-12-01 2023-11-30 10468292 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10468292 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10468292









MELBOND LETTINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
MELBOND LETTINGS LTD
REGISTERED NUMBER: 10468292

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,193,600
-

  
2,193,600
-

Current assets
  

Cash at bank and in hand
 5 
23,503
2

  
23,503
2

Creditors: amounts falling due within one year
  
(2,214,047)
-

Net current (liabilities)/assets
  
 
 
(2,190,544)
 
 
2

Total assets less current liabilities
  
3,056
2

  

Net assets
  
3,056
2


Capital and reserves
  

Called up share capital 
 6 
100
2

Profit and loss account
  
2,956
-

  
3,056
2


Page 1

 
MELBOND LETTINGS LTD
REGISTERED NUMBER: 10468292
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D J Sullivan Esq
Director

Date: 29 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MELBOND LETTINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. The
address of the registered office is The Carriage House, Mill Street, Maidstone, Kent, ME15 6YE.
The principal activity of the company during the period has been that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Page 3

 
MELBOND LETTINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 4

 
MELBOND LETTINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Investment property


2023
2022
£
£

Valuation


Additions at cost
2,193,600
-

At 30 November 2023
2,193,600
-

The 2023 valuations were made by the directors, on an open market basis for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,193,600
-

2,193,600
-


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
23,503
2

23,503
2



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1 each
-
2
40 (2022 - 0) A ordinary shares of £1 each
40
-
60 (2022 - 0) B ordinary shares of £1 each
60
-

100

2


During the year, 98 ordinary shares of £1 each were issued at par. On 20 April 2023, the 100 ordinary shares were subsequently redesignated into 40 A ordinary shares and 60 B ordinary shares, both of £1 each. 

Page 5

 
MELBOND LETTINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Related party transactions

Included within other creditors due within one year is an amount due to a director of the company totalling £2,199,208 (2022: £nil). During the year, interest has been charged of £53,932 (2022: £nil) .

 
Page 6