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REGISTERED NUMBER: 08835168 (England and Wales)















MELODY DEVELOPMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2024






MELODY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08835168)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MELODY DEVELOPMENTS LIMITED

Company Information
for the year ended 31 January 2024







DIRECTORS: S P Broome
Mrs M M M Broome





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 08835168 (England and Wales)






MELODY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08835168)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £   
CURRENT ASSETS
Stocks 615,102 2,236,120
Debtors 4 49,420 50,084
Cash at bank 646,703 3,887
1,311,225 2,290,091
CREDITORS
Amounts falling due within one year 5 1,222,900 2,226,652
NET CURRENT ASSETS 88,325 63,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,325

63,439

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88,225 63,339
SHAREHOLDERS' FUNDS 88,325 63,439

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

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

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





S P Broome - Director


MELODY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08835168)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Melody Developments 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.

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.

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

Stock of properties are included on the balance sheet at their original purchase price plus all costs to date of their acquisition and development. As at the balance sheet date the properties costs are then reviewed against their potential net realisable value and are included on the balance sheet at the lower of cost or net realisable value.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 48,688 48,688
Other debtors 732 1,396
49,420 50,084

MELODY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08835168)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors (1 ) -
Taxation and social security 1,161 -
Other creditors 1,221,740 2,226,652
1,222,900 2,226,652

Included in creditors are directors loans. There are no formal agreements for the directors loans and no interest is currently charged. Accordingly, as the loans are deemed to be repayable on demand, they have been classified as current liabilities as at the balance sheet date.