1 April 2023 false Taxfiler 2024.6.1 13199995business:PrivateLimitedCompanyLtd2023-04-012024-03-31 131999952023-03-31 131999952023-04-012024-03-31 13199995business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 13199995business:AbridgedAccounts2023-04-012024-03-31 131999952024-03-31 131999952023-03-31 13199995core:WithinOneYear2024-03-31 13199995core:WithinOneYear2023-03-31 13199995core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 13199995core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13199995core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 13199995core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 13199995core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 13199995core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13199995core:PreviouslyStatedAmount2024-03-31 13199995core:PreviouslyStatedAmount2023-03-31 13199995business:SmallEntities2023-04-012024-03-31 13199995business:Director22023-04-012024-03-31 13199995countries:EnglandWales2023-04-012024-03-31 13199995business:RegisteredOffice2023-04-012024-03-31 13199995core:RevaluationInvestmentPropertyDeferredTax2024-03-31 13199995core:RevaluationInvestmentPropertyDeferredTax2023-03-31 131999952022-03-31 131999952022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13199995 (England and Wales)
Mellor View Properties Limited Unaudited accounts for the year ended 31 March 2024
Mellor View Properties Limited Unaudited accounts Contents
Page
- 2 -
Mellor View Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,916,000 
1,845,000 
Current assets
Debtors
4,676 
72,677 
Cash at bank and in hand
29,730 
60,368 
34,406 
133,045 
Creditors: amounts falling due within one year
(1,041,608)
(1,142,585)
Net current liabilities
(1,007,202)
(1,009,540)
Total assets less current liabilities
908,798 
835,460 
Provisions for liabilities
Deferred tax
(58,960)
(37,430)
Net assets
849,838 
798,030 
Capital and reserves
Called up share capital
10,299 
9,999 
Share premium
554,911 
554,911 
Profit and loss account
284,628 
233,120 
Shareholders' funds
849,838 
798,030 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by
P A Arrowsmith Director Company Registration No. 13199995
- 3 -
Mellor View Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mellor View Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13199995. The registered office is 11 CLOISTER CLOSE, DUKINFIELD, SK16 5RR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
58,960 
37,430 
2024 
2023 
£ 
£ 
Provision at start of year
37,430 
37,430 
Charged to the profit and loss account
21,530 
- 
Provision at end of year
58,960 
37,430 
5
Average number of employees
During the year the average number of employees was 3 (2023: 2).
- 4 -