Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-2912023-03-01Development of building projectsfalse1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08876457 2023-03-01 2024-02-29 08876457 2022-03-01 2023-02-28 08876457 2024-02-29 08876457 2023-02-28 08876457 c:Director3 2023-03-01 2024-02-29 08876457 d:CurrentFinancialInstruments 2024-02-29 08876457 d:CurrentFinancialInstruments 2023-02-28 08876457 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08876457 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08876457 d:ShareCapital 2024-02-29 08876457 d:ShareCapital 2023-02-28 08876457 d:RetainedEarningsAccumulatedLosses 2024-02-29 08876457 d:RetainedEarningsAccumulatedLosses 2023-02-28 08876457 c:OrdinaryShareClass1 2023-03-01 2024-02-29 08876457 c:OrdinaryShareClass1 2024-02-29 08876457 c:OrdinaryShareClass1 2023-02-28 08876457 c:FRS102 2023-03-01 2024-02-29 08876457 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08876457 c:FullAccounts 2023-03-01 2024-02-29 08876457 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08876457 2 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08876457









MELBOND (CROSSWAYS) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
MELBOND (CROSSWAYS) LIMITED
REGISTERED NUMBER: 08876457

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
75,000
75,000

Debtors: amounts falling due within one year
 5 
196
196

Cash at bank and in hand
 6 
1,492
1,589

  
76,688
76,785

Creditors: amounts falling due within one year
 7 
(118,634)
(76,131)

Net current (liabilities)/assets
  
 
 
(41,946)
 
 
654

Total assets less current liabilities
  
(41,946)
654

  

Net (liabilities)/assets
  
(41,946)
654


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(42,046)
554

  
(41,946)
654


Page 1

 
MELBOND (CROSSWAYS) LIMITED
REGISTERED NUMBER: 08876457
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 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 year 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: 




M P Cientanni
Director

Date: 21 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MELBOND (CROSSWAYS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Melbond (Crossways) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Charles Lake House, Claire Causeway, Crossways Business Park, Dartford, Kent, DA2 6QA. The principal activity of the company continues to be that of land and property development.

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 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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of the sale of property and land, exclusive of Vale Added Tax and trade discounts. 

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

 
2.5

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 reporting date in the countries where the company operates and generates income.

 
2.6

Stocks and work in progress

Stocks and work in progress relate to costs and work carried out on property and land developments which are unsold at the year end. Stocks are valued at the lower of cost and net realisable value. Cost includes all direct costs. Work in progress includes all direct costs and an appropriate element of profit based on stage of completion to date. 

Page 3

 
MELBOND (CROSSWAYS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The company only 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.

 
2.11

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 the director, during the year was as follows:


        2024
        2023
            No.
            No.







1
1


4.


Stocks

29 February
28 February
2024
2023
£
£

Development land stock
75,000
75,000


Page 4

 
MELBOND (CROSSWAYS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Prepayments and accrued income
196
196



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
1,492
1,589



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Amounts owed to group undertakings
118,634
69,506

Corporation tax
-
122

Accruals and deferred income
-
6,503

118,634
76,131



8.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



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



9.


Related party transactions

Included within creditors due within one year is a balance owed to the ultimate parent company of £118,634 (2023: £69,506). 

Page 5

 
MELBOND (CROSSWAYS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Ultimate Parent and Controlling party

The ultimate parent company is Emilio Contracts and Investments Limited, a company incorporated in England and Wales.

Page 6