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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

MELIOR PROPERTY COMPANY LIMITED

MELIOR PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00514301)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MELIOR PROPERTY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: J G Temkin
Professor J Zellick





SECRETARY: J G Temkin





REGISTERED OFFICE: Chancellors House
3 Brampton Lane
London
NW4 4AB





REGISTERED NUMBER: 00514301 (England and Wales)





ACCOUNTANTS: Somers Baker Prince Kurz LLP
Chartered Accountants
Chancellors House
3 Brampton Lane
London
NW4 4AB

MELIOR PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00514301)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,945 15,102
Investment property 5 2,837,055 2,834,898
2,850,000 2,850,000

CURRENT ASSETS
Debtors 6 2,631 8,044
Cash at bank 406,773 375,602
409,404 383,646
CREDITORS
Amounts falling due within one year 7 297,976 321,545
NET CURRENT ASSETS 111,428 62,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,961,428

2,912,101

PROVISIONS FOR LIABILITIES 525,656 525,117
NET ASSETS 2,435,772 2,386,984

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 2,435,672 2,386,884
SHAREHOLDERS' FUNDS 2,435,772 2,386,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:




Professor J Zellick - Director



J G Temkin - Director


MELIOR PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00514301)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Melior Property Company 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

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 2 (2023 - 2 ) .

MELIOR PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00514301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2023
and 5 April 2024 41,823
DEPRECIATION
At 6 April 2023 26,721
Charge for year 2,157
At 5 April 2024 28,878
NET BOOK VALUE
At 5 April 2024 12,945
At 5 April 2023 15,102

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 2,834,898
Revaluations 2,157
At 5 April 2024 2,837,055
NET BOOK VALUE
At 5 April 2024 2,837,055
At 5 April 2023 2,834,898

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2024 2,837,055

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 239,481 239,481

Investment properties were valued on an open market basis on 5 April 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 2,631 8,044

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due to companies under common control 254,582 254,582
Corporation tax 14,792 11,130
Directors' current accounts 12,438 40,182
Accruals and deferred income 16,164 15,651
297,976 321,545

MELIOR PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00514301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

8. RESERVES
Retained
earnings
£   

At 6 April 2023 2,386,884
Profit for the year 48,788
At 5 April 2024 2,435,672

£2,071,919 (2023 - £2,070,300) of reserves are not distributable.