Company No:
Contents
DIRECTORS | K Couling |
M R Couling |
REGISTERED OFFICE | 10 Norwich Street |
London | |
EC4A 1BD | |
United Kingdom |
COMPANY NUMBER | 13543851 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Restated - note 2 | ||||
Fixed assets | ||||
Investments | 4 |
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120 | 120 | |||
Current assets | ||||
Debtors | ||||
- due after more than one year | 5 |
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Cash at bank and in hand |
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193,598 | 300,100 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (113,122) | (20) | ||
Total assets less current liabilities | (113,002) | 100 | ||
Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' (deficit)/funds | (
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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:
M R Couling
Director |
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.
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 £.
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.
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.
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.
Other investments are measured at cost less impairment.
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.
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 |
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the company during the year, including directors |
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Other investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 May 2023 |
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At 30 April 2024 |
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Carrying value at 30 April 2024 |
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Carrying value at 30 April 2023 |
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2024 | 2023 | ||
£ | £ | ||
Debtors: amounts falling due after more than one year | |||
Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Amounts owed to directors (note 7) |
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Accruals |
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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.