Company Registration No. 01490912 (England and Wales)
Melco Limited
Unaudited accounts
for the year ended 31 March 2024
Melco Limited
Unaudited accounts
Contents
Melco Limited
Company Information
for the year ended 31 March 2024
Company Number
01490912 (England and Wales)
Registered Office
DELLSIDE
HARPER GREEN ROAD, FARNWORTH
BOLTON
LANCASHIRE
BL4 7HT
Accountants
J F Balshaw & Co
20 Old Kiln Lane
Heaton
Bolton
Lancashire
BL1 5PD
Melco Limited
Statement of financial position
as at 31 March 2024
Investment property
905,000
905,000
Cash at bank and in hand
58,041
61,802
Creditors: amounts falling due within one year
(105,085)
(120,224)
Net current liabilities
(46,859)
(58,113)
Total assets less current liabilities
858,141
846,887
Provisions for liabilities
Deferred tax
(121,071)
(121,071)
Net assets
737,070
725,816
Called up share capital
2
2
Revaluation reserve
200,926
200,926
Profit and loss account
536,142
524,888
Shareholders' funds
737,070
725,816
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2024 and were signed on its behalf by
Mrs Anna Bell
Director
Company Registration No. 01490912
Melco Limited
Notes to the Accounts
for the year ended 31 March 2024
Melco Limited is a private company, limited by shares, registered in England and Wales, registration number 01490912. The registered office is DELLSIDE, HARPER GREEN ROAD, FARNWORTH, BOLTON, LANCASHIRE, BL4 7HT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2023
905,000
Amounts falling due within one year
Accrued income and prepayments
185
309
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,607
2,274
Loans from directors
100,950
117,450
7
Transactions with related parties
The company owes a balance of £100,950 (2023 £117,450) to the director, Mrs A Bell.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).