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REGISTERED NUMBER: 13046410 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mellia Properties Ltd

Mellia Properties Ltd (Registered number: 13046410)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Mellia Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A Saadat Melli





REGISTERED OFFICE: 1a Woodlands Road
Altrincham
WA14 1HG





REGISTERED NUMBER: 13046410 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Mellia Properties Ltd (Registered number: 13046410)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 198,000 198,000

CURRENT ASSETS
Debtors 5 92 71
Cash at bank 242 1,667
334 1,738
CREDITORS
Amounts falling due within one year 6 (7,147 ) (4,707 )
NET CURRENT LIABILITIES (6,813 ) (2,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,187

195,031

CREDITORS
Amounts falling due after more than one
year

7

(189,034

)

(185,642

)

PROVISIONS FOR LIABILITIES (449 ) (2,775 )
NET ASSETS 1,704 6,614

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 11,101 11,101
Retained earnings 11 (10,397 ) (5,487 )
SHAREHOLDERS' FUNDS 1,704 6,614

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mellia Properties Ltd (Registered number: 13046410)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 December 2024 and were signed by:





Mr A Saadat Melli - Director


Mellia Properties Ltd (Registered number: 13046410)

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

1. STATUTORY INFORMATION

Mellia Properties Ltd 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 as modified by the revaluation of certain assets.

As at 31st March 2024, the company had net current liabilities of £6,813 (2023: £2,969) and net assets of £1,704 (2023: £6,614). The company relies on the loan funding provided by its investors. The director is of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its investors.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2023 - 1 ) .

Mellia Properties Ltd (Registered number: 13046410)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 198,000
NET BOOK VALUE
At 31 March 2024 198,000
At 31 March 2023 198,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 11,101
Cost 186,899
198,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 186,899 186,899

Investment property was valued on an open market basis on 31 March 2024 by director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 92 71

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 3,367 2,247
Accrued expenses 3,780 2,460
7,147 4,707

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 139,034 135,642
Other creditors 50,000 50,000
189,034 185,642

Mellia Properties Ltd (Registered number: 13046410)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 139,034 135,642

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 139,034 135,642

9. FINANCIAL INSTRUMENTS

Bank loans are initially measured at cost.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (5,487 ) 11,101 5,614
Deficit for the year (4,910 ) (4,910 )
At 31 March 2024 (10,397 ) 11,101 704

12. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of a mortgage. The balance as at 31 March 2024 was £139,034 (2023: £135,643).

Mellia Properties Ltd (Registered number: 13046410)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr A Saadat Melli
Balance outstanding at start of year 2,247 5,397
Amounts advanced 1,800 1,550
Amounts repaid (680 ) (4,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,367 2,247

14. RELATED PARTY DISCLOSURES

Mellia Properties LTD owes £50,000 (2023: £50,000) to Hestia SL ltd (a business with mutual shareholders).

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Saadat Melli.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mellia Properties Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mellia Properties Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mellia Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mellia Properties Ltd and state those matters that we have agreed to state to the director of Mellia Properties Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mellia Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Mellia Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mellia Properties Ltd. You consider that Mellia Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mellia Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................