Company registration number 14230458 (England and Wales)
MELITA HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
MELITA HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MELITA HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
524,912
524,912
Current assets
Cash at bank and in hand
12,936
15,000
Creditors: amounts falling due within one year
4
(128,364)
(93,969)
Net current liabilities
(115,428)
(78,969)
Total assets less current liabilities
409,484
445,943
Creditors: amounts falling due after more than one year
5
(392,329)
(448,278)
Net assets/(liabilities)
17,155
(2,335)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
17,055
(2,435)
Total equity
17,155
(2,335)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 1 September 2024 and are signed on its behalf by:
Mr G F Underwood
Miss S L Street
Director
Director
Company registration number 14230458 (England and Wales)
MELITA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Melita Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Reporting period

The comparative financial statements cover a period of less than 12 months. As a result, the comparative figures and related notes are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
524,912
524,912
MELITA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
128,364
93,969

Other creditors include the current portion on fixed rate unsecured loan notes of £55,949 (2023: £55,337).

5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
392,329
448,278

Other creditors represent the non current portion on fixed rate unsecured loan notes.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
162,540
220,888
6
Related party transactions
Transactions with related parties

During the period ended 31 March 2023, Melita Holdings Limited issued loan notes totalling £517,500 in exchange for the acquisition of a share holding in Melita Care Limited. The shares purchased by the company belonged to family members of the directors of Melita Holdings Limited.

 

The loan notes carry a fixed interest rate (below current market rates), are unsecured and repayable over 8 years. The balance owed by Melita Holdings Limited as at the balance sheet date was £448,278 (2023: £503,615).

 

After the balance sheet date, the company purchased the remainder of the share capital in Melita Care Limited to make it a wholly owned subsidiary. The share purchase was funded by a second tranche of loan notes totalling £560,000.

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