Silverfin false false 30/04/2024 01/05/2023 30/04/2024 K Couling 02/08/2021 M R Couling 02/08/2021 30 January 2025 The principal activity of the company during the financial year was that of an investment company. 13543851 2024-04-30 13543851 bus:Director1 2024-04-30 13543851 bus:Director2 2024-04-30 13543851 2023-04-30 13543851 core:Non-currentFinancialInstruments 2024-04-30 13543851 core:Non-currentFinancialInstruments 2023-04-30 13543851 core:CurrentFinancialInstruments 2024-04-30 13543851 core:CurrentFinancialInstruments 2023-04-30 13543851 core:ShareCapital 2024-04-30 13543851 core:ShareCapital 2023-04-30 13543851 core:RetainedEarningsAccumulatedLosses 2024-04-30 13543851 core:RetainedEarningsAccumulatedLosses 2023-04-30 13543851 core:CostValuation 2023-04-30 13543851 core:CostValuation 2024-04-30 13543851 2023-05-01 2024-04-30 13543851 bus:FilletedAccounts 2023-05-01 2024-04-30 13543851 bus:SmallEntities 2023-05-01 2024-04-30 13543851 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13543851 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13543851 bus:Director1 2023-05-01 2024-04-30 13543851 bus:Director2 2023-05-01 2024-04-30 13543851 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 13543851 (England and Wales)

MELLON 21 LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

MELLON 21 LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

MELLON 21 LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
MELLON 21 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTORS K Couling
M R Couling
REGISTERED OFFICE 10 Norwich Street
London
EC4A 1BD
United Kingdom
COMPANY NUMBER 13543851 (England and Wales)
MELLON 21 LIMITED

BALANCE SHEET

As at 30 April 2024
MELLON 21 LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Investments 4 120 120
120 120
Current assets
Debtors
- due after more than one year 5 193,498 300,000
Cash at bank and in hand 100 100
193,598 300,100
Creditors: amounts falling due within one year 6 ( 306,720) ( 300,120)
Net current liabilities (113,122) (20)
Total assets less current liabilities (113,002) 100
Net (liabilities)/assets ( 113,002) 100
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 113,102 ) 0
Total shareholders' (deficit)/funds ( 113,002) 100

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Mellon 21 Limited (registered number: 13543851) were approved and authorised for issue by the Board of Directors on 30 January 2025. They were signed on its behalf by:

M R Couling
Director
MELLON 21 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
MELLON 21 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mellon 21 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 10 Norwich Street, London, EC4A 1BD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £113,002. The company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

A prior year restatement has been made to the balance sheet in relation to the previously incorrect classification of Debtors. Debtors of £300,000 have been reclassified as Debtors: amounts falling due after more than one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Prior year adjustment

As previously reported Adjustment As restated
Year ended 30 April 2023 £ £ £
Debtors 300,000 (300,000) 0
Due after more than one year 0 300,000 300,000

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 0 0

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 May 2023 120 120
At 30 April 2024 120 120
Carrying value at 30 April 2024 120 120
Carrying value at 30 April 2023 120 120

5. Debtors

2024 2023
£ £
Debtors: amounts falling due after more than one year
Other debtors 193,498 300,000

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors (note 7) 303,720 300,120
Accruals 3,000 0
306,720 300,120

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Director's loan account 303,720 300,120

During the year, the director advanced £3,600 (2023 - £300,120) to the company. At the year end the company owed the director £303,720 (2023 - £300,120). The loan is interest free and repayable on demand.