Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05852479 Mr Ian Swycher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05852479 2023-06-30 05852479 2024-06-30 05852479 2023-07-01 2024-06-30 05852479 frs-core:CurrentFinancialInstruments 2024-06-30 05852479 frs-core:PlantMachinery 2023-07-01 2024-06-30 05852479 frs-core:ShareCapital 2024-06-30 05852479 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05852479 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05852479 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05852479 frs-bus:SmallEntities 2023-07-01 2024-06-30 05852479 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05852479 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05852479 frs-bus:Director1 2023-07-01 2024-06-30 05852479 frs-core:CurrentFinancialInstruments 1 2024-06-30 05852479 frs-countries:EnglandWales 2023-07-01 2024-06-30 05852479 2022-06-30 05852479 2023-06-30 05852479 2022-07-01 2023-06-30 05852479 frs-core:CurrentFinancialInstruments 2023-06-30 05852479 frs-core:ShareCapital 2023-06-30 05852479 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05852479 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 05852479
Melcome Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05852479
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 4,441,053 8,353,483
Cash at bank and in hand 6,201 15,429
4,447,254 8,368,912
Creditors: Amounts Falling Due Within One Year 5 (16,187,830 ) (23,398,600 )
NET CURRENT ASSETS (LIABILITIES) (11,740,576 ) (15,029,688 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,740,576 ) (15,029,688 )
NET LIABILITIES (11,740,576 ) (15,029,688 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (11,740,577 ) (15,029,689 )
SHAREHOLDERS' FUNDS (11,740,576) (15,029,688)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Swycher
Director
16/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Melcome Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05852479 . The registered office is 37 Friars Avenue, London, N20 0XG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 20 years
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,035 79,035
Other debtors 3,592,140 7,585,951
HMRC VAT 976 428
Amounts owed by group undertakings 768,902 688,069
4,441,053 8,353,483
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,054 14,613
Corporation tax - 300
Other creditors 9,376,339 9,457,723
Amounts owed to group undertakings 6,795,437 13,925,964
16,187,830 23,398,600
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 2
Page 3
7. Related Party Transactions
Melcome Ltd is owned by Anzen Ltd, a company incorporated in the British Virgin Islands. During the year, a net interest expense of £855,787 (2023: £782,924) was accrued in line with the loan agreements between Anzen Ltd & Melcome Ltd. As at the year end date of 30 June 2024 the amount owed by the company to Anzen Ltd was £5,049,654 (2023: £12,180,181).
Interest income of £8,383 (2023: £8,716) was accrued in the accounts as per the loan agreement between the company and Almondbox Ltd, a company under common control. As at the year-end date of 30 Jun 2024, the amount owed to Almondbox Ltd was £225,342 (2023: £218,729).
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