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Meldon Hall Management Company Ltd

Registration number: 01184049

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Meldon Hall Management Company Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Meldon Hall Management Company Ltd

Company Information

Directors

Mr W S D Barnes

Mr P Mason

Mr A G Newton

Mrs C J Farrington

Mr D R Panton

Mr A T Marren

Registered office

Flat 5
Meldon Hall
Chagford
Devon
TQ13 8EJ

Accountants

Sally Wonnacott Ltd
Chartered Certified Accountant
Thornworthy Lodge
Chagford
Newton Abbot
Devon
TQ13 8EY

 

Meldon Hall Management Company Ltd

(Registration number: 01184049)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,600

4,600

Current assets

 

Debtors

5

156

250

Cash at bank and in hand

 

21,457

20,271

 

21,613

20,521

Creditors: Amounts falling due within one year

6

(22,132)

(21,040)

Net current liabilities

 

(519)

(519)

Net assets

 

4,081

4,081

Capital and reserves

 

Called up share capital

7

61

61

Share premium reserve

4,020

4,020

Shareholders' funds

 

4,081

4,081

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 August 2024 and signed on its behalf by:
 

.........................................
Mr A G Newton
Director

 

Meldon Hall Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Flat 5
Meldon Hall
Chagford
Devon
TQ13 8EJ

These financial statements were authorised for issue by the Board on 17 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Meldon Hall Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Meldon Hall Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

4,600

4,600

At 31 March 2024

4,600

4,600

Depreciation

Carrying amount

At 31 March 2024

4,600

4,600

At 31 March 2023

4,600

4,600

Included within the net book value of land and buildings above is £4,600 (2023 - £4,600) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

156

250

 

156

250

 

Meldon Hall Management Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

598

355

Accruals and deferred income

600

600

Other creditors

20,934

20,085

22,132

21,040

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £10 each

6

60

6

60

Ordinary B shares of £0.10 each

12

1

12

1

18

61

18

61