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MELBURY INVESTMENTS LIMITED

Registered Number
13697418
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

MELBURY INVESTMENTS LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

ANTONS, Beatrice Margaret Louise
ANTONS, Geoffrey Uldis

Registered Address

West Park
Melbury Road
Newcastle Upon Tyne
NE7 7DE

Registered Number

13697418 (England and Wales)
MELBURY INVESTMENTS LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3292558
Investment property4318,945149,260
319,237149,818
Current assets
Debtors39,145-
Cash at bank and on hand75,27729,820
114,42229,820
Creditors amounts falling due within one year5(288,179)(162,753)
Net current assets (liabilities)(173,757)(132,933)
Total assets less current liabilities145,48016,885
Creditors amounts falling due after one year6(118,913)-
Net assets26,56716,885
Capital and reserves
Called up share capital300300
Profit and loss account26,26716,585
Shareholders' funds26,56716,885
The financial statements were approved and authorised for issue by the Board of Directors on 17 February 2025, and are signed on its behalf by:
ANTONS, Geoffrey Uldis
Director
Registered Company No. 13697418
MELBURY INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. These financial statements for the year ended 31 October 2024 are the company’s first financial statements that comply with FRS 102. The company’s date of transition to FRS 102 is 1 November 2023. Its last financial statements prepared in accordance with FRS 105 were for the year ended 31 October 2023. The transition to FRS 102 has resulted in the following changes to accounting policies and notes: Investment properties: Under the entity’s previous financial reporting framework, investment properties were measured at open market value, with changes in value taken direct to an investment property revaluation reserve. Under FRS 102, investment properties are included in the balance sheet at fair value. Changes in fair value are recognised in profit or loss.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
The turnover shown in the profit and loss account represents rents receivable during the period.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 November 23798798
At 31 October 24798798
Depreciation and impairment
At 01 November 23240240
Charge for year266266
At 31 October 24506506
Net book value
At 31 October 24292292
At 31 October 23558558
4.Investment property
The director considers that £318,945 is a fair representation of fair value at the year end based on market value for existing use. On a historical cost basis the investment property would have been included at an original cost of £318,945.

£
Fair value at 01 November 23149,260
Additions169,685
At 31 October 24318,945
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security3,5073,382
Other creditors279,701154,700
Accrued liabilities and deferred income4,9714,671
Total288,179162,753
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts118,913-
Total118,913-
7.Creditors: amounts due after 5 years
Bank borrowings due after more than five years amount to £118,913.
8.Secured creditors
Bank borrowings are secured on an investment property.
9.Related party transactions
During the period a director had a loan account with the company. As at 31 October 2024 the company owed this director £159,700.