Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseManagement of real estate on a fee or contract basis44truetruefalse 10800749 2023-04-01 2024-03-31 10800749 2022-04-01 2023-03-31 10800749 2024-03-31 10800749 2023-03-31 10800749 c:Director1 2023-04-01 2024-03-31 10800749 d:MotorVehicles 2023-04-01 2024-03-31 10800749 d:MotorVehicles 2024-03-31 10800749 d:MotorVehicles 2023-03-31 10800749 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10800749 d:FurnitureFittings 2023-04-01 2024-03-31 10800749 d:FurnitureFittings 2024-03-31 10800749 d:FurnitureFittings 2023-03-31 10800749 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10800749 d:OfficeEquipment 2023-04-01 2024-03-31 10800749 d:OfficeEquipment 2024-03-31 10800749 d:OfficeEquipment 2023-03-31 10800749 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10800749 d:ComputerEquipment 2023-04-01 2024-03-31 10800749 d:ComputerEquipment 2024-03-31 10800749 d:ComputerEquipment 2023-03-31 10800749 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10800749 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10800749 d:CurrentFinancialInstruments 2024-03-31 10800749 d:CurrentFinancialInstruments 2023-03-31 10800749 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10800749 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10800749 d:ShareCapital 2024-03-31 10800749 d:ShareCapital 2023-03-31 10800749 d:RetainedEarningsAccumulatedLosses 2024-03-31 10800749 d:RetainedEarningsAccumulatedLosses 2023-03-31 10800749 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10800749 c:OrdinaryShareClass1 2024-03-31 10800749 c:OrdinaryShareClass1 2023-03-31 10800749 c:FRS102 2023-04-01 2024-03-31 10800749 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10800749 c:FullAccounts 2023-04-01 2024-03-31 10800749 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10800749 2 2023-04-01 2024-03-31 10800749 4 2023-04-01 2024-03-31 10800749 6 2023-04-01 2024-03-31 10800749 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10800749









Melburg Real Estate Management Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Melburg Real Estate Management Limited
Registered number: 10800749

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
65,783
86,178

Investments
 5 
187,560
187,560

  
253,343
273,738

Current assets
  

Debtors: amounts falling due within one year
 6 
721,621
559,657

Cash at bank and in hand
 7 
148,763
77,447

  
870,384
637,104

Creditors: amounts falling due within one year
 8 
(639,361)
(543,708)

Net current assets
  
 
 
231,023
 
 
93,396

Total assets less current liabilities
  
484,366
367,134

  

Net assets
  
484,366
367,134


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
484,266
367,034

  
484,366
367,134


Page 1

 
Melburg Real Estate Management Limited
Registered number: 10800749
    
Balance Sheet (continued)
As at 31 March 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Burgess
Director

Date: 29 January 2025

Page 2

 
Melburg Real Estate Management Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

1.


General information

Melburg Real Estate Management Limited is a private company limited by shares, incorporated in England & Wales (registered number: 10800749).
The registered office and principal place of business address is 7 Trebeck Street, London, W1J 7LU.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
Melburg Real Estate Management Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
Melburg Real Estate Management Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Fixtures and fittings
-
20%
Office equipment
-
20%
Computer equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
Melburg Real Estate Management Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

2.Accounting policies (continued)

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2023 - 4).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
23,408
89,830
5,673
18,507
137,418


Additions
-
3,910
1,757
1,312
6,979



At 31 March 2024

23,408
93,740
7,430
19,819
144,397



Depreciation


At 1 April 2023
8,949
29,973
3,753
8,564
51,239


Charge for the period on owned assets
4,682
18,394
863
3,436
27,375



At 31 March 2024

13,631
48,367
4,616
12,000
78,614



Net book value



At 31 March 2024
9,777
45,373
2,814
7,819
65,783



At 31 March 2023
14,458
59,857
1,920
9,943
86,178

Page 6

 
Melburg Real Estate Management Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 April 2023
187,560



At 31 March 2024
187,560





6.


Debtors

2024
2023
£
£


Trade debtors
27,797
32,615

Amounts owed by joint ventures and associated undertakings
399,989
318,508

Other debtors
52,826
123,592

Prepayments and accrued income
241,009
84,942

721,621
559,657



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
148,763
77,447

148,763
77,447


Page 7

 
Melburg Real Estate Management Limited
 
 
 
Notes to the Financial Statements
For the Period Ended 31 March 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
74,111
108,744

Amounts owed to group undertakings
-
912

Corporation tax
124,197
102,501

Other taxation and social security
45,975
10,339

Other creditors
285,900
311,962

Accruals and deferred income
109,178
9,250

639,361
543,708


The underlying investments of the company are secured by a fixed charge.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary share shares of £1.00 each
100
100


 
Page 8