47
01/04/2023
31/03/2024
2024-03-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
1942839
2023-04-01
2024-03-31
1942839
2024-03-31
1942839
2023-03-31
1942839
2022-04-01
2023-03-31
1942839
2023-03-31
1942839
2022-03-31
1942839
core:FurnitureFittingsToolsEquipment
2023-04-01
2024-03-31
1942839
core:MotorVehicles
2023-04-01
2024-03-31
1942839
bus:RegisteredOffice
2023-04-01
2024-03-31
1942839
bus:Director1
2023-04-01
2024-03-31
1942839
bus:Director2
2023-04-01
2024-03-31
1942839
bus:CompanySecretary1
2023-04-01
2024-03-31
1942839
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
1942839
core:FurnitureFittingsToolsEquipment
2023-03-31
1942839
core:MotorVehicles
2023-03-31
1942839
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-03-31
1942839
core:FurnitureFittingsToolsEquipment
2024-03-31
1942839
core:WithinOneYear
2024-03-31
1942839
core:WithinOneYear
2023-03-31
1942839
core:AfterOneYear
2024-03-31
1942839
core:AfterOneYear
2023-03-31
1942839
core:RevaluationReserve
2022-04-01
2023-03-31
1942839
core:RetainedEarningsAccumulatedLosses
2022-04-01
2023-03-31
1942839
core:RetainedEarningsAccumulatedLosses
2023-04-01
2024-03-31
1942839
core:ShareCapital
2024-03-31
1942839
core:ShareCapital
2023-03-31
1942839
core:RevaluationReserve
2024-03-31
1942839
core:RevaluationReserve
2023-03-31
1942839
core:RetainedEarningsAccumulatedLosses
2024-03-31
1942839
core:RetainedEarningsAccumulatedLosses
2023-03-31
1942839
core:ShareCapital
2022-03-31
1942839
core:RevaluationReserve
2022-03-31
1942839
core:RetainedEarningsAccumulatedLosses
2022-03-31
1942839
core:PreviouslyStatedAmount
core:ShareCapital
2024-03-31
1942839
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-31
1942839
core:Non-currentFinancialInstruments
2024-03-31
1942839
core:Non-currentFinancialInstruments
2023-03-31
1942839
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
1942839
core:FurnitureFittingsToolsEquipment
2023-03-31
1942839
bus:SmallEntities
2023-04-01
2024-03-31
1942839
bus:AuditExempt-NoAccountantsReport
2023-04-01
2024-03-31
1942839
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
1942839
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
1942839
bus:FullAccounts
2023-04-01
2024-03-31
Company registration number:
1942839
Mellandene Limited
Unaudited filleted financial statements
31 March 2024
Mellandene Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Mellandene Limited
Directors and other information
|
|
|
|
Directors |
Ms Carol Murrey |
|
|
Miss Cassandra Page |
|
|
|
|
|
|
|
Secretary |
Carol Murrey |
|
|
|
|
|
|
|
Company number |
1942839 |
|
|
|
|
|
|
|
Registered office |
Cassandra House |
|
|
19 Dunswell Road |
|
|
Cottingham |
|
|
East Yorkshire |
|
|
HU16 4JA |
|
|
|
Mellandene Limited
Statement of financial position
31 March 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
1,350,208 |
|
|
|
1,351,965 |
|
|
Investments |
|
6 |
100 |
|
|
|
100 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
1,350,308 |
|
|
|
1,352,065 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
1,200 |
|
|
|
1,200 |
|
|
Debtors |
|
7 |
401,231 |
|
|
|
362,566 |
|
|
Cash at bank and in hand |
|
|
228,677 |
|
|
|
335,361 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
631,108 |
|
|
|
699,127 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
453,787) |
|
|
|
(
420,980) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
177,321 |
|
|
|
278,147 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
1,527,629 |
|
|
|
1,630,212 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
21,643) |
|
|
|
(
44,842) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
52) |
|
|
|
(
374) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
1,505,934 |
|
|
|
1,584,996 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
346 |
|
|
|
346 |
Revaluation reserve |
|
|
|
|
578,745 |
|
|
|
578,745 |
Profit and loss account |
|
|
|
|
926,843 |
|
|
|
1,005,905 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
1,505,934 |
|
|
|
1,584,996 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
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.
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 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
03 June 2024
, and are signed on behalf of the board by:
Ms Carol Murrey
Director
Company registration number:
1942839
Mellandene Limited
Statement of changes in equity
Year ended 31 March 2024
|
|
Called up share capital |
|
Revaluation reserve |
|
Profit and loss account |
Total |
|
|
|
|
|
£ |
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 April 2022 |
|
346 |
|
278,745 |
|
939,883 |
1,218,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
116,884 |
116,884 |
|
|
|
Other comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
Revaluation of tangible assets |
|
|
|
300,000 |
|
|
300,000 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
300,000 |
|
116,884 |
416,884 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
50,862) |
(
50,862) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
- |
|
- |
|
(
50,862) |
(
50,862) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 March 2023 and 1 April 2023 |
|
346 |
|
578,745 |
|
1,005,905 |
1,584,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
|
|
69,718 |
69,718 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
|
- |
|
69,718 |
69,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
|
|
(
148,780) |
(
148,780) |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
- |
|
- |
|
(
148,780) |
(
148,780) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 March 2024 |
|
346 |
|
578,745 |
|
926,843 |
1,505,934 |
|
|
|
|
|
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mellandene Limited
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Mellandene Limited, Cassandra House, 19 Dunswell Road, Cottingham, East Yorkshire, HU16 4JA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is recognised for residential home fees as they fall due and Covid related grants on the accruals basis.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax the company expects to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
20 % |
straight line |
|
Motor vehicles |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants have been received for capital purchases. These grants are being written off over the life of the assets to which they relate at 20% per year.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
47
(2023:
46
).
5.
Tangible assets
|
|
Freehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2023 |
1,350,000 |
145,867 |
1,000 |
1,496,867 |
|
|
|
|
Disposals |
- |
(
29,416) |
(
1,000) |
(
30,416) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2024 |
1,350,000 |
116,451 |
- |
1,466,451 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2023 |
- |
143,902 |
1,000 |
144,902 |
|
|
|
|
Charge for the year |
- |
1,757 |
- |
1,757 |
|
|
|
|
Disposals |
- |
(
29,416) |
(
1,000) |
(
30,416) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2024 |
- |
116,243 |
- |
116,243 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2024 |
1,350,000 |
208 |
- |
1,350,208 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2023 |
1,350,000 |
1,965 |
- |
1,351,965 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
Tangible assets held at valuation
Cassandra House, the freehold property was valued by Christie & Co on 21 September 2022 at £1,350,000. This value has been reflected in the accounts.
6.
Investments
|
|
Shares in group undertakings and participating interests |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 April 2023 and 31 March 2024 |
100 |
100 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 April 2023 and 31 March 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 March 2024 |
100 |
100 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2023 |
100 |
100 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
50,826 |
44,997 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
258,091 |
260,628 |
|
Other debtors |
|
92,314 |
56,941 |
|
|
|
_______ |
_______ |
|
|
|
401,231 |
362,566 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
239,400 |
284,300 |
|
Trade creditors |
|
21,373 |
24,348 |
|
Corporation tax |
|
22,675 |
46,787 |
|
Social security and other taxes |
|
14,171 |
12,295 |
|
Other creditors |
|
156,168 |
53,250 |
|
|
|
_______ |
_______ |
|
|
|
453,787 |
420,980 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
21,643 |
43,657 |
|
Other creditors |
|
- |
1,185 |
|
|
|
_______ |
_______ |
|
|
|
21,643 |
44,842 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Directors advances, credits and guarantees
Directors were advanced £89,010 in the year (2023 £52,937), amounts repaid totalled £53,070 (2023 £52,032) and the balance at the year end was £87,414 (2023 £51,474). Monthly interest was charged by the company on the overdrawn balance at the official beneficial loan rates. There have been no further directors advances, credits and guarantees.