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REGISTERED NUMBER: 05840809 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MELTON COLLEGE LTD

MELTON COLLEGE LTD (REGISTERED NUMBER: 05840809)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELTON COLLEGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr A Hjort





REGISTERED OFFICE: 137 Holgate Road
York
YO24 4DH





REGISTERED NUMBER: 05840809 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
YO30 5PA

MELTON COLLEGE LTD (REGISTERED NUMBER: 05840809)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,950 15,930
Investments 5 526,589 588,480
544,539 604,410

CURRENT ASSETS
Stocks 14,743 13,922
Debtors 6 52,402 321,437
Cash at bank and in hand 55,535 174,587
122,680 509,946
CREDITORS
Amounts falling due within one year 7 105,454 224,655
NET CURRENT ASSETS 17,226 285,291
TOTAL ASSETS LESS CURRENT LIABILITIES 561,765 889,701

PROVISIONS FOR LIABILITIES 5,233 -
NET ASSETS 556,532 889,701

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 556,531 889,700
SHAREHOLDERS' FUNDS 556,532 889,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MELTON COLLEGE LTD (REGISTERED NUMBER: 05840809)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 11 September 2024 and were signed by:





Mr A Hjort - Director


MELTON COLLEGE LTD (REGISTERED NUMBER: 05840809)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Melton College 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 10 years
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MELTON COLLEGE LTD (REGISTERED NUMBER: 05840809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 74,987 260,239 335,226
Additions - 14,411 14,411
Disposals - (133,162 ) (133,162 )
At 31 December 2023 74,987 141,488 216,475
DEPRECIATION
At 1 January 2023 74,987 244,309 319,296
Charge for year - 5,008 5,008
Eliminated on disposal - (125,779 ) (125,779 )
At 31 December 2023 74,987 123,538 198,525
NET BOOK VALUE
At 31 December 2023 - 17,950 17,950
At 31 December 2022 - 15,930 15,930

MELTON COLLEGE LTD (REGISTERED NUMBER: 05840809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2023 588,480
Additions 376,638
Disposals (491,606 )
Share of profit/(loss) 53,077
At 31 December 2023 526,589
NET BOOK VALUE
At 31 December 2023 526,589
At 31 December 2022 588,480

Cost or valuation at 31 December 2023 is represented by:

Listed
investments
£   
Valuation in 2022 588,480
Valuation in 2023 (61,891 )
526,589

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 519,082 634,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,339 124,424
Amounts owed by group undertakings - 175,360
Other debtors 26,063 21,653
52,402 321,437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37,433 57,868
Amounts owed to group undertakings 3,078 -
Taxation and social security 20,021 9,241
Other creditors 44,922 157,546
105,454 224,655

MELTON COLLEGE LTD (REGISTERED NUMBER: 05840809)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 45,000 45,000
Between one and five years 180,000 180,000
In more than five years 543,750 588,750
768,750 813,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr A Hjort
Balance outstanding at start of year (15,097 ) (2,344 )
Amounts advanced 61,542 20,254
Amounts repaid (54,161 ) (33,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,716 ) (15,097 )

11. PARENT COMPANY

The parent company is Melton Language Services Limited a company registered in England and Wales. The registered office is 137 Holgate Road, York, YO24 4DH.