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REGISTERED NUMBER: OC351974 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MELINEK FINE LLP

MELINEK FINE LLP (REGISTERED NUMBER: OC351974)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MELINEK FINE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: D B Fine
A Y Melinek





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: OC351974 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

MELINEK FINE LLP (REGISTERED NUMBER: OC351974)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 173,424 183,364
Tangible assets 5 92,357 115,909
265,781 299,273

CURRENT ASSETS
Stocks 589,042 394,042
Debtors 6 1,025,453 1,141,307
Cash at bank 30,489 3,881
1,644,984 1,539,230
CREDITORS
Amounts falling due within one year 7 656,128 553,943
NET CURRENT ASSETS 988,856 985,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,254,637

1,284,560

CREDITORS
Amounts falling due after more than one
year

8

512,223

525,092
NET ASSETS ATTRIBUTABLE TO
MEMBERS

742,414

759,468

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

688,460

705,514

MEMBERS' OTHER INTERESTS
Capital accounts 53,954 53,954
742,414 759,468

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 688,460 705,514
Members' other interests 53,954 53,954
Amounts due from members 6 (10,388 ) (807 )
732,026 758,661

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

MELINEK FINE LLP (REGISTERED NUMBER: OC351974)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 January 2025 and were signed by:




A Y Melinek - Designated member




D B Fine - Designated member


MELINEK FINE LLP (REGISTERED NUMBER: OC351974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Melinek Fine Llp is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 38 (2023 - 35 ) .

MELINEK FINE LLP (REGISTERED NUMBER: OC351974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 304,358
Additions 9,329
At 31 March 2024 313,687
AMORTISATION
At 1 April 2023 120,994
Charge for year 19,269
At 31 March 2024 140,263
NET BOOK VALUE
At 31 March 2024 173,424
At 31 March 2023 183,364

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 351,680
Additions 13,900
At 31 March 2024 365,580
DEPRECIATION
At 1 April 2023 235,771
Charge for year 37,452
At 31 March 2024 273,223
NET BOOK VALUE
At 31 March 2024 92,357
At 31 March 2023 115,909

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 963,171 1,089,537
Other debtors 62,282 51,770
1,025,453 1,141,307

MELINEK FINE LLP (REGISTERED NUMBER: OC351974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 220,779 159,449
Trade creditors 183,182 143,303
Taxation and social security 250,267 249,163
Other creditors 1,900 2,028
656,128 553,943

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 512,223 525,092

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 688,460 705,514

Falling due within one year 688,460 705,514

In the event of a winding up the amounts included in '' Loans and other debts due to members'' will rank equally with unsecured creditors.