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REGISTERED NUMBER: 10504741 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MELIUS HOMES LIMITED

MELIUS HOMES LIMITED (REGISTERED NUMBER: 10504741)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELIUS HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: R W Lambe
M A Shields





REGISTERED OFFICE: Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 10504741 (England and Wales)

MELIUS HOMES LIMITED (REGISTERED NUMBER: 10504741)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,312 188,306

CURRENT ASSETS
Stocks 4,050 8,553
Debtors 5 60,625 786,696
Cash at bank 931,421 896,010
996,096 1,691,259
CREDITORS
Amounts falling due within one year 6 238,205 1,201,106
NET CURRENT ASSETS 757,891 490,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

894,203

678,459

CREDITORS
Amounts falling due after more than one
year

7

(134,191

)

(146,626

)

PROVISIONS FOR LIABILITIES (20,435 ) (5,106 )
NET ASSETS 739,577 526,727

CAPITAL AND RESERVES
Called up share capital 10 600 600
Capital redemption reserve 400 400
Retained earnings 738,577 525,727
SHAREHOLDERS' FUNDS 739,577 526,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

MELIUS HOMES LIMITED (REGISTERED NUMBER: 10504741)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th September 2024 and were signed on its behalf by:





R W Lambe - Director


MELIUS HOMES LIMITED (REGISTERED NUMBER: 10504741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Melius Homes Limited 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 (£).


The trading address is Harvey Road, Bilborough, Nottingham NG3 3BB

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.

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

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contract obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on cost, 15% on reducing balance and straight line over the life of the lease

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 Statement of Income and Retained Earnings, 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.


MELIUS HOMES LIMITED (REGISTERED NUMBER: 10504741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

MELIUS HOMES LIMITED (REGISTERED NUMBER: 10504741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 600,597
Additions 84,362
Disposals (11,140 )
At 31st March 2024 673,819
DEPRECIATION
At 1st April 2023 412,291
Charge for year 130,090
Eliminated on disposal (4,874 )
At 31st March 2024 537,507
NET BOOK VALUE
At 31st March 2024 136,312
At 31st March 2023 188,306

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,873 761,216
Other debtors 36,752 25,480
60,625 786,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due on contracts 116,155 387,935
Trade creditors 38,496 219,945
Taxation and social security 20,382 330,214
Other creditors 63,172 263,012
238,205 1,201,106

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 134,191 146,626

MELIUS HOMES LIMITED (REGISTERED NUMBER: 10504741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 26,250 35,000
Between one and five years - 26,250
26,250 61,250

9. SECURED DEBTS

Included in other creditors due in more than one year is a loan to the company from a director. Of which £100,000 is secured by a floating charge and has an interest rate of 15% above base rate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 Ordinary £1 600 600

11. RELATED PARTY DISCLOSURES

Included in other creditors is a loan to the company from a director of £105,000 (2023 £100,000).

12. ULTIMATE CONTROLLING PARTY

The shares are held by a director.