0 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 64,081 46,409 6,017 52,426 11,655 17,672 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 06771449 2023-01-01 2023-12-31 06771449 2023-12-31 06771449 2022-12-31 06771449 2022-01-01 2022-12-31 06771449 2022-12-31 06771449 core:PlantMachinery 2023-01-01 2023-12-31 06771449 bus:Director1 2023-01-01 2023-12-31 06771449 bus:Director2 2023-01-01 2023-12-31 06771449 core:WithinOneYear 2023-12-31 06771449 core:WithinOneYear 2022-12-31 06771449 core:PlantMachinery 2022-12-31 06771449 core:PlantMachinery 2023-12-31 06771449 core:ShareCapital 2023-12-31 06771449 core:ShareCapital 2022-12-31 06771449 core:RetainedEarningsAccumulatedLosses 2023-12-31 06771449 core:RetainedEarningsAccumulatedLosses 2022-12-31 06771449 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 06771449 core:Non-currentFinancialInstruments 2023-12-31 06771449 core:Non-currentFinancialInstruments 2022-12-31 06771449 core:PlantMachinery 2022-12-31 06771449 bus:SmallEntities 2023-01-01 2023-12-31 06771449 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06771449 bus:FullAccounts 2023-01-01 2023-12-31 06771449 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06771449 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 06771449
MELWOOD 2 LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
MELWOOD 2 LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
MELWOOD 2 LIMITED
BALANCE SHEET
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
11,655
17,672
Investments
6
100
100
------------
------------
11,755
17,772
Current assets
Debtors
7
118
3,212
Cash at bank and in hand
12,881
4,204
------------
------------
12,999
7,416
Creditors: amounts falling due within one year
8
( 153,612)
( 132,997)
------------
------------
Net current liabilities
( 140,613)
( 125,581)
------------
------------
Total assets less current liabilities
( 128,858)
( 107,809)
------------
------------
Net liabilities
( 128,858)
( 107,809)
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 128,860)
( 107,811)
------------
------------
Shareholders deficit
( 128,858)
( 107,809)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 September 2024 , and are signed on behalf of the board by:
A Dobson R I Taylor
Director Director
Company registration number: 06771449
MELWOOD 2 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Primrose Lane, Highburton, Huddersfield, HD8 0QY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Going concern
The financial statements have been prepared on the going concern concept which is reliant upon the continued financial support of the company's directors.
4. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at the date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 January 2023 and 31 December 2023
64,081
64,081
------------
------------
Depreciation
At 1 January 2023
46,409
46,409
Charge for the year
6,017
6,017
------------
------------
At 31 December 2023
52,426
52,426
------------
------------
Carrying amount
At 31 December 2023
11,655
11,655
------------
------------
At 31 December 2022
17,672
17,672
------------
------------
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
100
------------
Impairment
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
100
------------
At 31 December 2022
100
------------
The shares in group undertakings represents a 100% holding in the ordinary share capital of Melwood Lettings Limited. Its registered office address is 23 Primrose Lane, Kirkburton, Huddersfield HD8 0QY. The aggregate capital and reserves of the company at 31 December 2023 amounted to £333,060 (2022: £264,297) and the profit for the year ended 31 December 2023 amounted to £68,763 (2022: £104,162).
7. Debtors
2023
2022
£
£
Prepayments and accrued income
118
951
VAT recoverable
2,261
------------
------------
118
3,212
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,600
1,500
Social security and other taxes
1,526
998
Other creditors (note 9)
150,486
130,499
------------
------------
153,612
132,997
------------
------------
9. Related party transactions
Transactions with directors A Dobson is a director of Melwood Limited and controls that company. Included in other creditors is a loan due to Melwood Limited in the amount of £150,486 (2022: £130,499). Control of the company The company is controlled by the directors.