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REGISTERED NUMBER: 10998082 (England and Wales)











Financial Statements

for the Year Ended 30 November 2023

for

MELLER PROPERTY LTD

MELLER PROPERTY LTD (REGISTERED NUMBER: 10998082)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MELLER PROPERTY LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr A H B Meller
Miss L P Birkett





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10998082 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MELLER PROPERTY LTD (REGISTERED NUMBER: 10998082)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 330,000 330,000

CURRENT ASSETS
Debtors 5 65 -
Cash at bank 499 66
564 66
CREDITORS
Amounts falling due within one year 6 237,783 199,260
NET CURRENT LIABILITIES (237,219 ) (199,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,781

130,806

CREDITORS
Amounts falling due after more than one year 7 (234,963 ) (235,850 )

PROVISIONS FOR LIABILITIES (12,336 ) (9,375 )
NET LIABILITIES (154,518 ) (114,419 )

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Non distributable reserves 42,930 39,969
Retained earnings (198,450 ) (155,390 )
SHAREHOLDERS' FUNDS (154,518 ) (114,419 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

MELLER PROPERTY LTD (REGISTERED NUMBER: 10998082)

Statement of Financial Position - continued
30 November 2023


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

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 and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mr A H B Meller - Director


MELLER PROPERTY LTD (REGISTERED NUMBER: 10998082)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Meller Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 330,000
NET BOOK VALUE
At 30 November 2023 330,000
At 30 November 2022 330,000

MELLER PROPERTY LTD (REGISTERED NUMBER: 10998082)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2021 49,344
Cost 280,656
330,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 4 -
Prepayments and accrued income 61 -
65 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 2,652 -
Amounts owed to participating interests 226,704 192,655
Directors' current accounts 7,795 6,605
Accruals and deferred income 632 -
237,783 199,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 234,963 235,850

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 234,963 235,850

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 234,963 235,850

MELLER PROPERTY LTD (REGISTERED NUMBER: 10998082)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 234,963 235,850

Bank loans of £234,963 (2022: £235,850) are secured by way of legal charge of the freehold property.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £7,795 (2022: £6,605), due and payable to the director. The amount is interest free and repayable on demand.

As at the balance sheet date, included in creditors due within one year is £226,704(2022: £192,655) due and payable to Meller Merceux Ltd, a company under common control by the directors.