Company Registration No. 13076478 (England and Wales)
Melody Residential Ltd
Unaudited accounts
for the period from 1 January 2024 to 30 November 2024
Melody Residential Ltd
Unaudited accounts
Contents
Melody Residential Ltd
Company Information
for the period from 1 January 2024 to 30 November 2024
Company Number
13076478 (England and Wales)
Registered Office
73 Warrington Road
Penketh
Warrington
WA5 2DG
Accountants
Accountancy Value Ltd
47 Manston Road, Penketh
Warrington
Cheshire
WA5 2HS
Melody Residential Ltd
Statement of financial position
as at 30 November 2024
Investment property
486,884
486,884
Cash at bank and in hand
1,332
1,924
Creditors: amounts falling due within one year
(288,776)
(294,916)
Net current liabilities
(285,981)
(284,322)
Total assets less current liabilities
200,903
202,741
Creditors: amounts falling due after more than one year
(220,763)
(220,763)
Net liabilities
(19,860)
(18,022)
Called up share capital
1
1
Profit and loss account
(19,861)
(18,023)
Shareholders' funds
(19,860)
(18,022)
For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2025 and were signed on its behalf by
J S Ratcliffe
Director
Company Registration No. 13076478
Melody Residential Ltd
Notes to the Accounts
for the period from 1 January 2024 to 30 November 2024
Melody Residential Ltd is a private company, limited by shares, registered in England and Wales, registration number 13076478. The registered office is 73 Warrington Road, Penketh, Warrington, WA5 2DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on cost
Investment property is recorded at fair value at each reporting date with fair value gains and losses being recorded in the profit and loss account. Deferred tax consequences in respect of fair value adjustments on investment property are also recorded in profit and loss account. Gains, net of deferred tax, are non-distributable to the shareholders and are presented in a separate component of equity in the balance sheet.
The directors have not carried out a valuation of some of the investment property at the balance sheet date as required by FRS 102, Section 16 'Investment Property'. In the absence of a fair value for these properties at the balance sheet date, it is not possible for the balance sheet to reflect the fair value of the investment property.
Any consequential adjustment to the carrying amount of investment property would be recorded in profit and loss for the year, together with the relevant deferred tax consequences.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Melody Residential Ltd
Notes to the Accounts
for the period from 1 January 2024 to 30 November 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 January 2024
486,884
At 30 November 2024
486,884
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,694
1,694
Other creditors
145,830
145,830
Loans from directors
140,755
147,025
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
220,763
220,763
Aggregate of amounts that fall due for payment after five years
-
220,763
The loan is secured by way of a fixed charge over all the property of the company. The charge dated 17 May 2021 is in favour of Lendinvest BtL Limited
Melody Residential Ltd
Notes to the Accounts
for the period from 1 January 2024 to 30 November 2024
9
Transactions with related parties
Other debtors: An amount of £8,670 due from a related undertaking was repaid during the year.
10
Average number of employees
During the period the average number of employees was 0 (2023: 0).